McHenry Public Library District Digital Archives

McHenry Plaindealer (McHenry, IL), 7 Jan 1970, p. 16

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rv*. iu - rLAiNDtALER - FRI. JAN.2,1970 BY CONGRESSIONAL ACTION • $ ' / > :>:£: *• .... Sill These are excerpts from ads of \ financial institutions soliciting your savings in advertisements in the large metropolitan papers. Regardless of what the different plans are called, the basic fact remains that a commercial bank is limited by law to pay not more than 4% on passbook savings and not more than 5% on time deposits in amounts under *100,000.00 STATE BANK INTEREST ON PAYS THE MAXIMUM ALL ACCOUNTS Passbook savings interest compounded daily, Plid quarterly Paid on Silver Savings Statements compounded daily, paid -quarterly. Paid on Qgftificates of Deposit Paid on Deferred Income Account Earn a . t*f*r ft minimum of 5% interest per year compounded daily. Sclent maturity date from 2 years • • r-tf •.* „• ml - - i 4 . - to 10 years (choose a time when your income and consequently your taxes will be lower). Funds must remain on deposit for specified period of time. ::::::::::: : MMm :, ; THE MAXIMUM RATE. AND THE VARIETY OF ACCOUNTS ARE RIGHT HERE IN McHENRY. WHY NOT SAVE WITH AN ESTABLISHED BANK IN THE CONVENIENCE * *> OF YOUR HOME TOWN! Bank A FULL SERVICE vBANKy 3510 West Elm Street McHenry, Phone 385-1040 Illinois •

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