1 ' ' ; * Herald & Lantern 18 April '84 t)USlH0SS ^9 iifii ■ * . /j

Sturdy Paying Highest Money Market Interest

By JOSEPH R. ZELNIK For the first time in more than a year, there's a newleader in the competition for highest interest rate paid on insured money market deposit accounts in Cape May County. Sturdy Savings & Loan of Stone Harbor normally second or third in the 15-financial institutions race; topped them all last week with a 9.66 percent irate. \ First Savings & Loan of Sea Isle City, the [eader for aboout a year, was edged by one one-hundredth of a percentage point. It was

paying 9.65 percent interest last week. Crest Savings & Loan was third with 9.25 percent. KEY TO THE CHANGE was the 91-day U.S. Treasury Bill. Many of the county s financial institutions used to peg their money market savings account interest rates to the T-Bill. iNow only Sturdy does. Those rates have climbed, and Sturdy's * along with it. First Savings continues to pay the highest "Super Now" account interest rate. Hie "Super Now" is similar to the insured

money market deposit account. but it permits unlimited checking. First is paying 8.9 percent on that account, followed by 8.66 percent at Ocean City Home Savings & Loan and 8 percent at Union Trust Co. of Wildwood. THE INSURED, moneymarket accounts were created in December 1982 and hold an estimated $100 million in Cape May County. They require a $2,500 minimum and permit a maximum of six transactions a month, three of them checks. Some of the financial institutions have maneuvered a way to link money market accounts and checking accounts in such a way as to permit unlimited checking. The spread in moneymarket account interest rates in the county is as much as l .5 percent and the spread in Super Now is as high as 2.4 percent, indicating consumers would do well to shop around. 'Customers of First Jersey Bank South, which acquired Guarantee Bank earlier this year, have a right to be confused about their money market accounts. . I f they were with Guarantee, they still have

so-called GMMAs which last week were paying 8.3 percent. If they were with First Jersey, they have so called LIAs which last week were paying 8.15 percent. First Jersey .liked Guarantee's GMMA so mjich that it has adopted it and is no longer offering LIA to Its new .customers GMMA's appeal is the aforementioned connection to one's checking account Following list in alphabetical order gives last week's money interest'

rate following by the Super No*- interest rate at the county's 15 financial institutions: Anchor Savings & Loan. 8.5, 7.25. Cape May County Savings & Loan. 8.8. 6.5. Citizens United Bank. 8.25, 6.75. Collective Federal Savings & Loan. 8.7 7.85 Crest Savings & Loan. . 9.25, 8.25. First Jersey National Bank South: GMMA. 8.3 and no Super Now; LIA. 8.15, 6.68.

t First National Bank of Tom's River, 8.5, 7.75. First National State Bank of South* Jersey, 8.5. * 7. • j " - . First Savings & Loan. 9.65. 8.9. Heritage Bank. 8.5, 7. Marine National Bank. 8.3. 7. Ocean City Home Savings & Loan. 9. 8.66 » Security Savings & Loan. 8 45. 7.15. Sturdy Savings & Loan. 9.66, no Super Now * Union Trust Co. of Wildwood, 8.4, 8.

GLORIA M. PARKER

Promoted By Bank COURT HOUSE - Local resident Gloria M. Parker has been promoted tcftrust officer by Horizon Tryst Co. of Morristown. She is a trust administrator in the firm's Linwood office. Mrs. Parker liv.es with her husband. Charles, and two children. She joined Marine National Bank, a subsidiary- of Horizon Bancorp. in 1981, as a management trainee. She later advanced to a trust administrative position. A graduate of Towson State University in i Baltimore, Mrs. Parker has completed graduate ■i work at -(Salisbury State College apd the New York State Bankers Association Estate Administration School. Befoe joining Horizon, she was a junior high school teacher

Business ^Symposium MAYS LANDING - Students -from five Cape May County high schools will compete in the First Business Symposium Wednesday. May 2. at Atlantic Community College. The competition will range from typing and shorthand to economics and business Ia\A Schools to be represented are Lower Cape May Regional, Middle Township, Ocean City. Wildwood. and Wildwood Catholic. The symposium is sponsored by ACC's Business _ Division. Trophies will be ' awarded in each categroy and a grand prize will be awarded to the school with the most points. v Student at Convention CAPEMAY — Rebecca Chelius, at first-year student in Atlantic Community College's hotel management program, will attend the annual student convention of the Hotel Sales Marketing .Association International April 27-30 in Houston, Tex. She is vice president of ACC's chapter * of HSMAI. •Ms. Chehus is the daughter of Dr. and Mrs. Thomas Chelius of this city. Her trip is being sponsored by the Hotel Sales Marketing Association — Atlantic City Chapter 1.

iia the dull disagreeable tap water habit. ^ _ Ozone Pure Water Co. delivers dear bottled waters in sizes to fit / your famih needs with dispensers^Jj^j^^^y Even thing you make with ( water tastes better with IT^ Ozone Pure Water* L*_| T FREE Home Delivery (609) 645-1414 Atlantic City (609) 964-2400 (imden v i v

'fekehnaib " ■alMWeOMaDn.Se^gttr'ertdthehofne "ASK ABOUT DISCOUNTS FOR KIi„aTK DO-IT-YOURSELF KITCHENS" IM HOMP AFRw rFA WE INVITE NEW CUSTOMERS IN-HOME SERVIOEb • KITCHENS FOR EVERV BUDGET . • COMPLETE APPLIANCE •SELECTION 409"7UJ9 'u.s0HwrENo!»E BURLEIGH (CAPE MAY CT. HS.)

START GETTING YOUR ~ MONEY'S WORTH OUT OF YOUR CHECKING _ ACCOUNT. ( Don't let your present checking account coat you money. . . "Switch to a Cape May County Sevinga & Loan NOW account , and earn 5W44 intereat (compounded daily).

A CMCS&L NOW account works like any regular checking account only better You earn 5VaH interest without any service charges, just by maintaining a balance of $200. We give a monthly statement which includes your cancelled checks

and the interest you've earned Say goodbye to checking that costs you money Come to any o* the CMCS&L offices and let us show you how* you can make it start earning interest. NOW1 We'll ghre you your money's worth. V

YOUR TRUST HAS MADE US STRONG. - r if h T I rent I ~ u n n . ' cape May County Savings t Loan --rrrr:rr.. • ( • - Associai«on 4» We're in the business of making your money make money. ■wOOl - ISANfL Cq. «Mt "w III II. • « fc Ha u»-.r. am ISM • K: Ukn Coam Cm, SMM • ^ " % N