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A 2 percent rate on a 10 year Premium Golden Passbook with a minimum deposit of $200. Interest compounds continuously producing an effective annual rate of 6.81 percent.
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Newspaper
Hyde Park Herald
Location
Hyde Park, Illinois, United States of America
Date
Jul 25, 1973
Page
7
A 2 percent rate on a 10 year Premium Golden Passbook with a minimum deposit of $200. Interest compounds continuously producing an effective annual rate of 6.81 percent.
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The text lists 4 year and 1 to 24 year certificates with minimum deposits of 1000 and 500 respectively, a 90 day Golden Passbook Account with 200 minimum, and notes that interest is compounded continuously yielding an effective annual rate of 5.65 percent, with rates varying by regulation and bank policy.
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