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Show Bank of PI. Grove Increases Interest On Saving Deposits Kay L. Jacobs, cashier of the Bank of Pleasant Grove, announced announc-ed Wednesday morning- that interest inter-est on savings accounts is being raised to 2 .', compounded semiannually, semi-annually, beginning March 1. Mr. Jacobs stated that the reasons rea-sons prompting the raise included the following: 1 To encourage savings and thrift. 2 To suggest to our customers the wisdom of preparing for times of financial need. 3 To meet present day economic econom-ic trends and competition. 4 To encourage deposits in order or-der to provide funds for local growth and development. |