Buildings and Loan associations isured by the government pay up to 4.6% return, sometimes more if the savings are left in the association for a period of time. This rate is about .6 of one per cent higher than that of the highest rate savings banks in the country, and the building and loan associations provide comparable safety and liquidity. If you are a very cautious individual who wants to be sure he gets back the same number of dollars he invested when he wants them back and with a government guarantee, the insured building and loan association is the place to put your money for the highest rate of return.
About 25,000,000 Americans deposit in insured building and loan associa tions, and the total assets of these associations amounted in 1959 to $63,472,000,000. This total represents a rise from $5,733,000,000 in 1940 and $16,893,000,000 in 1950.
The savings capital of all of these associations combined amounted to $2,243 per investor. The building and loan association is the chief outlet for the funds of the small investor and the medium and small income earner. On interest day there are tremendous lines of investors in many building and loan associations anxious to have the interest added and to see how much they have up to the present accumulated. Investment - Read More.
05-15-2006










