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The Chronicle Telegram in Elyria, Ohio

Page 1

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Nov 02, 1978

Page

1

New Banking Plan Lets Savings Fund Checking Automatically

First Lorain Trust introduces a program where funds move from savings to checking to cover checks. Savings earn 5 percent daily interest, with $50 minimum. Waivers apply for balances of $2000 or average $5000. otherwise standard fees apply plus a 50 cent daily transfer fee.

Is the new automatic transfer right for you

The text explains determining if automatic transfer suits you based on balances. It notes if you have $2000 or more in checking you’ll benefit, while lower balances may still benefit but often favor regular no fee checking if you meet its lower minimums. It suggests evaluating daily balances and savings to decide.

First Lorain Trust

Banking guidance on continuing regular checking accounts

The prospect emphasizes maintaining current checking options with unchanged costs, suggests a minimum balance of 200 for checking or 500 for savings, and notes that fees depend on individual activity. The bank invites customers to visit with recent statements to determine the best account type, claiming local expertise and large customer base.

Also Mentioned on This Page

Savings and Loan Association Acto A Cleve Trust Corporation Bank Elyria Midway Mall Lorain Broadway Elyria Broad Street
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