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Show Lakeside Review, Wednesday, Sept. 30, 1981 n nja o f'T&o r r 2I r"'" EF. Ev ( American 0 the interest rate is lower than other investments, whats the advantage? !f Savings answers your questions about e Certificates. Tax-Fre- people are confused about the new Certificate. Thats why we at American Savings want to take this opportunity to answer all your questions. A lot of Tax-Fr- 3C Take a look at the chart below. It shows how much interest you would have to net (after taxes) on a taxable investment, to equal the amount of interest you would earn on an American Tax-Fre- e Certificate. ee What are they anyway? Recently, Congress passed the Presidents Tax Bill. This bill contains legislation that enables financial institutions to offer savings certificates interest. We call this certificate the American Tax-Fre- e that earn tax-fre- e 12-mon- th Certificate. a How do they work? e Certificate will allow you to Beginning October 1, the American exempt a full year of savings interest from federal income tax: up to $2,000 interest on a joint return, $1,000 on an individual return. The minimum deposit is $500. Early withdrawal will result in a loss of tax exemption and a substantial interest penalty. Tax-Fre- tax-fr- Is my ee Tax-Fre- Certificate insured? e Certificate is insured by the FSLIC for up to $1 00,000 Your American and backed by Americans $1.6 billion in assets. Tax-Fre- My e moneys in a Money Market Certificate now... can I move it? How much interest will earn? I The interest rate is determined by taking 70 of the average yield on one-yeU.S. Treasury Bills. The interest rate changes monthly, however the rate at Certificate will be the rate you which you open your American Tax-Fre- e ar receive throughout the duration of your certificate. American pays the highest rate allowed by law; 12.61 through October 2, 1981. effective annual yield Yes, you can transfer the money in your American Money Market Certificate to an American interest. Certificate with absolutely no penalty or loss of e Tax-Fre- Where do sign up? I Just come to any American Savings Office beginning October 1, to open Certificate. Its as easy as that! your American Tax-Fre- e in 3 C For the latest interest rates on Money Market e Certificate, Certificates, the American and the Certificate, call Americans Tax-Fre- 30-Mon- th RATE HOTLINE 531-561- 4. 3 j&J LvSjscsu m RTIG L- - KZZJ Over $1.6 billion in assets Visit the American Savings Branch nearest you! Ogden Fivepoints 29 Harrisville Rd. Phone 621-134- 0 Ogden Washington Washington and 24th St. Phone: 621-49- 1 50 Ogden Harrison 3103 Harrison Blvd. Phone: 621-600- 0 Roy 5603 South 1900 West Phone: 776-567- 0 Kaysviile 330 North Main Layton 999 North Hill Field Rd. Bountiful 506 South Main St. Phone: Phone: Phone: 766-241- 5 766-127- 7 298-268- 6 |