business

Crest S&L Alone at Top With Money Market Rate

By JOSEPH R. ZELNIK For the first time since last November, Crest Savings & Loan of Wildwood Crest and First Savings and Loan of Sea Isle City are not sharing the crown for offering the county's highest money market deposit account interest rates. Crest was paying 8 percent last week, compared to the 7.75 percent at First. A rate also being paid by Ocean City Home Savings & Loan and Sturdy Savings & Loan. The 91-day Treasury Bill, which used to be an indicator for the 2%-year-old money market accounts, is about as low as it's been in five years, 7.07 percent last ANY COUNTIANS living__ on the interest from these accounts should be switching from steaks to hotdogs because the rates for these investments also are

as low as they've ever been. Six financial institutions — all banks as opposed to S&Ls — are paying less than 7 percent. And the Super Now, similar to the money market, but with unlimited checking, is as low as 5.3 percent, and as high as 7, once again at Crest. Incidentally, despite the merger of Midlantic Bank and Heritage Bancorporation, their local offices are still separate and paying different rates. When that merger becomes effective, there will be 14 financial institutions in the county. ALSO INCIDENTALLY. Collective Federal still has what it calls a money market passbook account. It's paying 7.6 percent, onetenth of a percentage more than its money market, at — 7.5. One can't write checks from it, but one can move money in and out at will. All these rates could drop still further before this column is read, but here are

the 15 financial institutions in alphabetical order and their money market and Super Now interest rates of last week. Anchor Savings & Loan, 7.5, 6.25. Cape May County Savings & Loan, 7.6, 6.25. Collective Federal Savings & Loan, 7.5, 6.5. Crest Savings & Loan, 8.7. First Fidelity Bank/South, 6.75, no Super Now. First Jersey National Bank/South, GMMA, 7; LI A, 6.85; Super Now, 5.61. First National Bank of Tom's River, 7.25, 6.5. First Savings. & Loan, 7.75, 6.75. Heritage Bank, 6.85, 5.5. . Marine National Bank, 6.9, 5.75. Midlantic Union Trust, 6.8, 5.3. New Jersey National Bank, 6.8, 6.8. Ocean City Home Savings & Loan, 7.75, 6.25. Security Savings & Loan, 7, 6.75. 1 Sturdy Savings & Loan, 7.75, no Super Now.

Two Dealers Join, Create Auto Mall

WILDWOOD - Burke Motor Sales and Kindle Ford have joined forces to create the new Wildwood Auto Mall, a concept that will provide consumers with a choice of 10 dealerships within a two-block area here. "We want to make it easy for people in Cape May County to find the car they want at the price they expect in their own back yard," said Bill Kindle, owner of Kindle Ford. Lincoln. Mercury and Dodge at 5000 Park Blvd. here. •WITH MORE than 600 cars and trucks in the Burke and Kindle inventories. I think we can make one-stop shopping a reality here,' he said. According to Ray Burke, who with his brother Dave owns and operates Burke Motor Sales at 5100 Park Blvd.. the two agencies will be coordinating their inventories to be sure they have more cars on hand and a better overall selection "Burke Motor Sales has been known throughout the region, for honesty, service Blood Visit OCEAN VIEW - A Dennis Township Community bloodmobile wilLbe held at the Calvary Baptist Church, Route 9 and South Seaville Road here, 2-7 p.m. Wednesday, June 26. To schedule an appointment, call the Red Cross at 465-7382.

and dependability since our grandfather first started this agency in 1912," Burke said. "Kindle has an equally good background, which is why we felt that together we can provide car buyers with the best deals possible in a central location." BURKE MOTOR Sales houses Chevrolet. Cadillac, Oldsmobile and Chevy Trucks dealerships. "We think the auto mall concept is an exciting one," said Dave Burke, "and we sincerely believe that people in Cape May County will enjoy the convenience of onestop shopping with the assurance of the integrity that is associated with the Burke and Kindle names." According to Kindle, both agencies also offer a wide selection of low-mileage, high-quality used cars "WE'RE EASY to reach via the Garden State Parkway in Cape May County, our salesmen are trained to give people the best possible deal on the car they want and the selection is here." Ray Burke explains. "When it comes to car buying, I don't think consumers could ask for anything more than we are offering in the Wildwood Auto Mall." "We intend to make the auto mall the only place to shop for cars or trucks in South Jersey." Kindle said. "Together. Kindle and Burke have the resources, background and proven track records to make it work." D

If SALE Solid Oak Harvest Drop Leaf Deacons Bench and Two Captains Chairs Finished-re g. $1 000 with this ad $ 750 thru /une at Seaville Furniture Int. 9, Seaville 624-9025

Chamber Sets Elections AVALON - The Chamber of Commerce will elect new officers tomorrow night at their meeting at the Golden Marlin Restaurant, between 24th and 25th streets on Dune Drive. Cocktails begin at 6:30 p.m. and the dinner meeting at 7:15 p.m. For reservations call Dan Keen at 967-5541. In New Job At Hosital SOMERS POINT - Howard Bateman, a local resident, recently was been appointed assistant director of accounting and reimbursement at Shore Memorial Hospital here. Bateman is a graduate of Villanova University with a bachelor's degree in accounting and was formerly assistant controller at Burdette Tomlin Memorial Hospital. He is married to Betsey Bateman and has three children.

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LENGTH OF TERM 1 5 years 3 years , 2/4 years 1 V4 years i "

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