The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1908-12-08
Interest at 4 per cent per annum
deposits the day deposit withdrawal
To Savings Depositors

From the day opened its doors for business six years ago
fast September THE DETROIT UNITED BANK has paid
4 interest savings deposits 1t paid that rate because
savings deposits worth it we'll conducted bank This
bank has had checking and for that reason
IT'S expenses otherwise they would be-
The handling Of checking necessarily expensive and
In large business requires good many employees Many
banks in this State employ many clerks does the
DETROIT UNITED for the amount Of assets OF this
bank 1t frequently pointed that savings deposits
worth bank least a than commercial or
checking and the for this fact given at length
further that outside of this State the rate
OF savings deposits general although not unive
SAL In the where interest rates rarely as high
those prevailing Michigan the largest and strongest savings
pay 4 savings deposits This also al
not quite universally in the and south Why is
then that in Michigan the cent banks savings
deposits is esewkere The to this
ton concusvey given the series of articles the Gen
Banking this State published few months sin
In nutshell double bank system prevailing
In this State OF the $50 banks doing business under Gen.
eal Banking law all but do both commercial and
savings business and usually the disadvantage of the savings
deposition 1t fair that the savings depostor should be
paid less his savings than they worth
order that bank be able to do better for its commercial
without denying the savings deposition
portion of the interest he should receive
THE DETROIT UNITED BANK has prospered under
Its and time conservative treatment Of its de-
posto Every stoholde owning portion of the quarter of
dollars fully satisfied with his investment
Not share of stock has been offered the market for
price books of bark show be its cash value
Every stockhoder knows that under the laws of this State
aqount CT his investment In other
words years this bank demonstrated
again savings bank in Michigan be conducted
safely and poably and the time pay 40 interest
savings deposits
Is matter for public congratuaton that the continual
pounding Of THE DETROIT UNITED BANK has conferred
comforting benefits many who its depos
Not only the deposors of this bank reapng the ben
eft OF upon their deposits but because of the fac that
many banks in the State following the lead of THE DE-
TRoIT UNITED BANK depostors those institutions also
are receiving the rate
When THE DETROIT UNITED BANK commenced it's
crusade the savings deposito this
State very banks few every in the
smaller towns paying 40 their deposits Today
least Michigan cities having population of $500. and
upwards every savings bank paying this rate and already
many savings banks in the smaller towns Michigan have
their savings deposits 49, Whether THE DE-
TROIT UNITED BANK has been very important factor in
producing this result those acquainted with the banking itva
ton Michigan may we'll judge for themselves. The
hundred millions of dollars of savings deposits
still receiving only so these deposits lhey are entitled TO
of 1879 their earnings that is
they should receive 40 instead OF $50 these savings T is
difference would mean OVER ONE MILLION OF DOLLARS
YEAR which the savings depositors of Michigan entitled
to receive and which they do receive
THE DETROIT UNITED BANK not only will continue
pay savings deposits but will continue point TO
public why their savings should that Have you
noticed that Detroit other banks and
panies paying 40 savings deposits? Well they
there indications that Others will fall in line The
ings depostor entitled e6 interest his money Mick
igan, and THE DETROIT UNITED BANK will continue to
furnish for all such depostors absolutely safe and
depository for such funds.
Send for booklet BANKING BY MAIL, fully illustrating
system introduced by this bank under which it easy
for residing distance their savings
with strong metropolitan bank for residing Detroit
Address all correspondence to The Detroit United Bank
soe Grswold St, Detroit, Mich
FRANK B. LELAND. President