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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Jun 29, 1976
Page
6
Loyola Federal Savings announces a certificate of deposit program with a minimum opening balance of $1,000 and a stated annual percentage yield of 4 percent per annum. The notice highlights the new CD terms and potential return for savers.
Loyola promotes Savings Certificates as a source of money power that supports job creation and stable Maryland communities. The credit union claims over 40 million dollars in interest paid to savers in the last year and highlights daily compounding with high rates. Insured savings backed by federal guarantees and Loyola’s reserves of 57 million, the largest among Maryland savings and loan associations.
Since 1879 Loyola S&L markets stability and growth through 21 Maryland offices. Its Savings Certificates promise daily compounding from deposit to withdrawal, with Lovelas Quick-Draw Interest enabling instant earned interest and optional monthly or quarterly mailing.
One page advertises a Monthly Income Plan promising a monthly check from Loyola Federal to savers. It promotes Regular or Certificate Statement Savings Accounts of $5,000 or more with friendly staff, plus high interest Regular Statement Savings Accounts and a Cashcaddy Savings Account option.
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