business

Ocean City Also Pays 7.25 1st Savings , Alone , Hikes Money Market Interest

By JOE ZELNIK Was it the shock of losing its usual lead as the top interest payer, or does First Savings & Loan President Linda Black know something nobody else knows? Whichever. First, alone among the county's 15 financial institutions, raised the interest rate its paying on the insured money market deposit account. First, of Sea Isle City, hiked its rate from last month's 7 percent to 7.25 percent last week. By comparison, nine of the firms dropped their rates from a month ago and five stayed the same. The 91 -day U.S. Treasury Bill, which used to be the standard for these rates, but no longer is, climbed over the last month from 6.92 to 7.14. First is tied with Ocean City Home Savings, also of-

fering 7.25 percent. Last month it was paying 7.35. The next highest rate on that type account was the 7.1 percent Collective Federal is paying on its money market passbook, a different animal, but similar. The money markets, introduced in December 1982, permet six transactions a month, three of them checks. Collective s passbook has no checkwriting feature, but you can move money in and out at will. About half the institutions require a minimum $1,000 balance; the other half $2,500. The rates can change weekly, by "management decision." Top prize for confusion still goes to First Jersey National Bank/South which, partly because it acquired Guarantee National Bank, has four different

f| nip; ' FLEA & TICK SHAMPOO SAMPLE PACKAGE L While Quantities Last. RUTHERFORD & COMPANY, INC. ^-^Investment Advisors PRESENTS A FINANCIAL PLANNING SEMINAR SERIES Wed., Aug. 21st- Introduction to Financial Planning Fri., Aug. 23rd — Mutual Funds Mon., Aug. 26th - Real Estate Partnerships Wed., Aug. 28th - Oil A Gas Partnerships Fri., Aug. 30th - C.O.'s, G.N.M.A.'s & Municipal Bonds Seminars will take place at: WOMEN'S CIVIC CLUB OF STONE HARBOR 96th St. At The Beach Stone Harbor, N.J. 08247 7:30 P.M. For your reservations, please call 368-2203 — — — — — — — V f ' ■

money market type accounts; GMMA (Guaranteed Money Market Account), LIA (Liquid Investment Account). GIA (George Investment Account) and the so-called Super Now that 13 of the 15 financial institutions offer. The Super Now permits unlimited checking, but pays a lower interest rate. Here's a rundown of the 15 institutions, in ■ alphabetical order, and last week's money market and Super Now interest rates: Anchor Savings & Loan. 7. 5.75. Cape May County Savings & Loan. 7. 6.5. Collective Federal Savings & Loan. 7, 6.3. Crest Savings & Loan, 7, _ 6. First Fidelity Bank/South. 6.6. no Super Now. First Jersey National Bank/South. GMMA. 6.7; LIA, 6.5; GIA. 6.55; Super Now. 5.33. First National Bank of Toms River. 6.85, 6.1. First Savings & Loan. 7.25. 6. Heritage Bank. 6.6. 5.3. Marine National Bank. 6 5. 5.75. Midlantic Union Trust. 6.6, 5.3. New Jersey National Bank. 6.32, 6.32. Ocean City Home Savings & Loan. 7.25, 5.8. Security Savings & Loan. 6.8. 6.6. Sturdy Savings & Loan. 7. no Super Now.

Wellness Checkup SOMERS POINT - Do you eat a well-balanced breakfast every day0 ... smoke1 ... wear a seat belt1., have your blood pressure checked at least once a year1 These questions are designed to help individuals to think about their health habits and possibly suggest areas of improvement to decrease health risk Shore Memorial Hospital would like to help to decrease health risk. Shore Memorial Hospital would like to help ipiprove lifestyle habits by offering some advice on staying healthy MONDAY. Sept 9, a Wellness Check will be held at the hospital 10 am to7pm The computerized health appraisal will be available to everyone over 18 years old. Responses to the Wellness Check questionnaire will be fed into a com puter that will issue a report on the individual's Wellness level in less than 10 minutes. In addition to the computerized report, every participant will receive the booklet "The Way to Wellness', a reference to help understand health risks and how to deal with them A registration fee is required For further information or to schedule an appointment call the Wellness Office at 653-4500

t Every construction project presents unique insurance problems. rk. t IhTrt'll °' ',"PO"0na' h,1Vf> shn"n us As 'nilrnt msu-.inc- .iq^ni y "«'Pds ot different contractors < (intr.iclni spifi.iiisis qi variety o! / Mfr. \ Yr"" P'"|ccl has a unique m<l|flf ,»,SWanr e companies Uu> ( -WSmr V Y ' omtl,n,1""n ol f,n s"«' NA T his gives us more opiions "V"' v \ risks equiprTWTIl and M h»«lp m.»lw ynui i ousI^* /asx? 4 has unique insurance piolossmnai iii.mmuv J requirements INSURANCE SPECIALIST *•■■■ HOW u» VIHG YOU AT TWO IOC A TIONS 1 i200 NlW IHUt AVINIM WILD WOOD, NEW JERSfY 082 (SO ^ ' l, 522-3406 . yne~ 967-3003 >d NCHOR ^J>CASH LINE .Anchor Savings and Loan Association is ready, able and anxious to help homeowners . . . with excellent terms on cashlinc loans. • Xo application fee. • The 8.2.)°n annual rate is effective for the first 90 clays after the "Anchor Cash l ine" is granted. After the 90 day period, the annpal rate will be P/2 points above the « "prime rate", as reported in the Wall Street Journal on the last business day of each monthly hilling cycle. • This offer is for a limited time only, and may he withdrawn without notice. CalJ our equity loan department for an "Anchor Cashline" today. Member ASL North Cape Mav Office FSLIC jA 886-5422* ANCHOR °a™ SAYINGS 0 LOAN ASSOCIATION Rt. 9 and Groxcland Avenue. Sonicrs Point, New Jersey 1 )