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Announcing tite All Savers Certificate. This new variety of certificate is a one year instrument that pays savers 70% 8t of the yield on one year U.S. Treasury bills. Savers can then exclude up to $1000. of interest on individual Federal tax returns or $2000. of interect on joint Federal tax returns. ~ TH^ new one year All Savers Certificate will be offered for a fifteen month period from (\;Tobe> 1, 1981 through Dec«hber 3i, i jbd.. ! nVxtruruinum deposit is $500. Your savings deposits are fully insured up to $100,000. by the FSLIC. /< new rate will be established monthly.When you open an A11 Savers Certificate you will be guaranteed that tate for the full year of the certificate. We have provided a chart here to give you an idea of what rate of return on alternative investments a you would have to receive to net the new All Savers Certificate rate after Federal income taxes. fhr Savers 12.14 All Savers Certificate Rate October 5 through October 31 Here's what Tkx-Free Interest; can mean to you. The interest rate you'd have to receive to net individual ! Joint 12.14%* after net taxable | net taxable Marginal Federal Income income ranges I income ranges tax rate Tax is. 515,000 18,2001 $24,600-2^900 $ > 8,200 23.500 : ; $29.900-35:200 523,500---28,800^ S28 800-34J 00 $34.100-41,500 MJE-4L800 $45,800-60,000 30% 32% 34% 17% 39% 43% 44% 49% 17.34% 17.85% 18.39% 19.27% 19.90% 21.30% 21.68% 23 80% ji.ir^ montt ly rates may be higher or lower A change in future " a i1 change fhe projections given Ail comparisons are based on 1980 Federal Income Tax tables and all figures are approximate Taxable equivalent rates for 1982 should be slightly less becajse of somewhat lower tax brackets under the new tax^iw. Marengo Federal Savings is not acting as a tax advisor individuals should evaluate their own tax positions A substantial penalty applies to early withdrawals. As always we will be offering this new All Savers Certificate with the highest rate allowed by law. All Savers Certificate rates are simple interest, paid annually. Six Month Money Market Certificates. If you presently have a six month Money Market Certificate you can transfer the whole amount (principal plus interest) to the new All Savers Certificate with NO penalty! Call or stop in today! Also you can transfer your matured six month Money Market Certificate from any financial institution to Marengo Federal Savings. jj i h i Marengo Federal Savings and loan association MARENGO 200 E. Grant Highway, 815/568-7258 • McHEIXIRV 4400 W Route *>20 815/344 1900 • WOODSTOCK: 118 Cass Street. 815/338-2900 WOODSTOCK DRIVE-UP: Route 47 and Calhoun Street, 815/33a^74^C; * CRYSTAL LAKE: 550 Barley Rd on Rt. #14, 815/455 4300 t> i "> i I