business

7 Drop Money Market Minimum Bal. to $1,000

By JOSEPH R. ZELNIK Seven of the county's 15 financial iastitutions have taken advantage of related federal rules and dropped the minimum balance re quired on the money market deposit account from $2,500 to $1,000. That should make the popular account available to many people who previously had to be satisfied with passbook ac-

counts paying a maximum of 54 percent interest. The money markets, which change weekly, are now paying from 7.5 to 9 percent interest in the county. The minimum balance has been lowered by Collective Federal Savings & Loan. First Fidelity Bank/South 'effective Feb 1). First National Bank of Toms River, Heritage Bank. Midlantic Union Trust. New Jersey Na-

tional Bank and Security Savings & Loan. Security, it should be pointed out, is paying 6.5 percent interest on any account with a balance between $1,000 and $2,500, and the higher rate < currently 8 percent) only on $2,500 minimum accounts. OF THE SEVEN. Collective last week was paying the highest interest rate. 8.2 percent. It also has a money market passbook account with a $1,000 minimum which last week was paying 8.3 percent, a rate that changes about every other day That s one account I don't understand, but smart shoppers should at least check it out. Keep in mind that all these money market accounts do change the in terest rates weekly and can change daily Highest money market account interest rates continue to be paid by the county's two smallest savings and loans Crest Savings and Loan and First Savings and Loan were paying 9 percent last week, followed by 8 7 percent at Sturdy Savings & Loan With interst rates continuing to fall, some money is starting to flow back into the private, uninsured money market aeocunts that were the original source for much of the money deposited into the banks' insured money market accounts, introduc ed in December. 1982. THAT'S BECAUSE the private money markets, whose rates fall a little slower than the banks, are yielding a bit more than many of the banks. Assets ( of the privates total about , $220 billion. t Financial institutions. t champions of "deregula- j tion," seem in no rush to c deregulate"' their minimum deposit on o money market accounts i| because they figure much > of the "new" deposits will, in reality, come from their 7 own passbooks, which have h i

a total of about $300 billion. The money market deposit account permits six transactions a month: three deposits and three checks. There also is a so-called Super Now account at most of the institutions which is similar to the money market, but permits unlimited deposits and checks The highest rate in the county for that account is the 8 percent paid by Crest and First, followed by 7.5 at New Jersey National. FOLLOWING LIST, in

alphabetical order, gives last week's money market interest rates followed by the Super Now interest rates paid by the county's 15 financial institutions. Anchor Savings & Loan. 8. 6.75. Cape May County Savings & Loan. 8.6. 6.5. Collective Federal Savings & Loan. 8.2. 7.2. Crest Savings & Loan. 9. 8. First Fidelity Bank/South. 7.5, no Super Now. First Jersev National Bank/South. GMMA. 7.75.

s no Super Now; LIA, 7.7, t 6.31. Y First National Bank of t Toms River. 7.9, 7.15. 5 First Savings & Loan, 9, 8. Heritage Bank. 7.75. 6.75. Marine National Bank. 7 5. 6.5. Midlantic Union Trust. - 7.75, 6.25. ^ New Jersev National Bank. 7.5, 7.5. Ocean City Homes Savings & Loan. 8.5, 6.75. Security Savings & Loan. 8. 7. I Sturdy Savings & Loan. 8.7. no Super Now

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Spring Signups At CCC V

V I N E L A N D - Cumberland County College's spring semester, which will begin Feb. 4 and continue through May 20. will feature 137 day. evening and Saturday class offerings. Courses will be conducted in the fields of agriculture, bilingual education, business, computer science, data processing. education, engineering, foreign language and handicapped program. Classes will also be offered in humanities, in-

dustrial technology, law enforcement, legal technology, mathematics, ijursing. orientation, real estate, science, secretarial science, word processing and social and behavioral sciences. The college is also offering 81 varied evening courses during spring semester From Feb. 4 through May 20 Some evening courses offered include Accounting

Principles II. Advertising. V Sales Management. Com- \ puter Literacy. Data Pro- \ • cessing Concepts. COCOL ' I. Elementary French. Introduction to Painting. English Compositions, Wind Symphony and Developmental Reading. Spring semester registration will be held in the college cafeteria 9 a.m. to 7:30 p.m. Jan. 28 and 29. For further information call 691-8600, ext. 223.

Oath Slated For Lincoln CAPE MAY — Members of Flotilla 82. Coast Guard Auxiliary, will take part in the annual winter confer of the Third Southern Friday through Sunday in King of Prussia. Pa To be sworn in as captain of Division VIII of the auxis John T. Lincoln of North Cape May. Flotilla 82 meets every at 39 Yacht Ave.

CDA Award To Hevener

NORTH CAPE MAY - Diana L. Hevener can now add the professional designation. CDA. after her name The letters denote her new status as a Certtifie(TvDental Assistant, which was awarded to her recently after she had passed a rigorous examination Since the CDA program was established in 1948 some 100,000 dental assistants have been certified. The Dental Assisting National Board designs and administers the test which gauges the working knowledge of the candidate. IN ADDITION to passing the test, consisting of some 300 questions, a candidate

must meet certain eligibility requirements of education and experience, dependent on which certification he or she desires. The board offers certification not only for general chairside competence, but also for mastery of management skills and in the techniques of surgical assisting. As a certified dental assistant, she has demonstrated command of a number of subjects such as hygiene, sanitation, radiation health and safety. and laboratory procedures. A variety of techniques to assist the dentist in providing patient care has also been mastered by Ms. Hevener.

10 Reasons to Enroll at Cumberland County College

1 . Academic Excellence 2? Bargain Tuition Rates 3. Fullv-Accredited Courses - 4. flexible Course Scheduling 5. Career Education

6. Transfer Programs 7. Supportive Services 8. Convenient Location 9. Job Skill Upgrading 10. Personal Growth

Successful Graduates / in impressed with how the college has kept its offerings current. " Anthony F. Ricciuti Computer Programmer In mi life. no single ru nt ha* benefited me more drama/ieally than enrolling- at Cumberland County College. Genora Patterson Attorney Spring Semester Registration Cafeteria January 28 and 29. 9 a.m. to 7:30 p.m.

> ^ umberland county college \r P.O. Box 517 Vineland, N.J. 08360 (609) 691-6600 t

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