Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1911-06-04
Why Deposit Certificates
Have Become So Popular

and the principal are Just as safe as
the bank or trust company In which
the money was deposited
The endowment insurance policy
IL immensely popular among certain
people who want to lay aside some
thing for the future and to place II
where II is safe from themselves. But
the big objection to an endowment
policy is tho fact that an emergency
may arise before the maturing OF the
policy, usually ten or fifteen years
from date OF It's issuance. with a
certificate Of deposN, the term may
he made 1iN months or twelve and II
thtere is no need for the money at
the end OF this timo II can easily be
re-deposited with It's interest, and
interest and principal begins drawing
interest for another term.
Suppose payment is to be met
six months from today you have the
money for the payment now But
you are afraid that something may
come up before the money is to be
paid that may induce you 10 invest
II with the hope Of speedy return and
that so you might lose the money II
is a payment on your house. perhaps.
II ls Of Importance that II be met
promptly. The certificate OF deposit
Is the best place for the money.
This ls one OF the principal uses
for the certificate Of deposit. People
who are canny enough to observe
that by not making payments be-
fore they are due they can make the
riod simply take out certificate Of
deposit to expire on the day when
the payment is to be made.
Parents who want to put their hoy
through college take out a certificate
Of deposit to mature when the first
expense will come. There IS one man
in st. Louis who puts his son through
college by such a plan, depositlng the
money at intervals and making the
certificate mature each half year dur
ing the college course.
Suppose that you and your wife
have little money saved for n trip
TO Europe. At the last minute the
trip must be postponed; press Of bust
ness or other duties makes the trip
impossible for six months or a year
Are you going TO leave that money I'm
your open checking account and not
draw interest on II or are you go
ing to buy certificate Of deposit and
make IL mature SIX months or a year
rom date, and thereby earn per
cent on It? A moments thought will
convince yon that the latter plan is
the better
The banks side Of the transaction
is simple. Some ask why the nnan-
cial institution should give more for
certificate Of deposit than on open
accounts. II is naturally to banks
interest to have certain amount Of
money that It win not be required to
pay out for some time. The bank or
trust company, OF course, can only pay
you interest on your money by lend
ing that money for Itself and making
IL pay n certain income. with a check
Ing account the bank cannot tell when
any or all OF II viii be withdrawn.
But with a time deposit the date on
which the deposit is subject to with
drawal IS fixed, and the banker can
provide beforehand to meet the obli-
cation.
For this reason the time depostor
the man who deposits his savings for
n specified time, is n more welcome
depositor than the man who IS con-
stantly drawing out his money il
helps n mans credit to have some
money on time deposit
Tulsa banks and trust companies
will accept amounts as low as 81 and
issue for II a certificate Of deposit,
payable six or twelve months from
date and bearing interest at per cent,
or in some cases even more. The sta
bility Of Tulsa banking institutions
have become watchword IN the
world Of finance. So the man who
holds certificate Of deposit from one
of our banks has indeed got money
in the bank"
To $ m up The principal advant-
age Of the certificate Of deposit plan
Of safekeeping savings are, FIRST and
most important, Il protects the de-
positor against his own weakness; Sec
ond, the return on the money is great
er than from open accounts, and third,
by fixing the dates Of mature payment
without future worry on your part.