The Indianapolis Star from Indianapolis, Indiana • Page 30

THURSDAY, APRIL 14, 1983 THE INDIANAPOLIS STAR- PAGE 30- Credit against '82 income Indiana business Late IR As keep finance institutions busy counts. Dean Witter's offices are remaining open until 9 p.m. this week to handle the business, he said. coming out of the woodwork that we've never talked to before," as well as clients "we've been trying to convince for months" to open ac insurance ute business es booming. AT INDIANA National Bank, "we always expect good IRA business in the first three months of the year." but business has exceeded the bank's trend projections' as the tax deadline approached, said Gregory J.

Weber, first vice president, branch administration. "We've had a lobby full every day the past 10 days," said Robert W. Dearing. senior vice president at First Federal Savings and Loan Association. IRA business has tripled at Dean Witter Reynolds Inc.

here since April 1, said Jack L. Pittslcy, manager and vice president. "We're getting people Persons who have put off filing their income tax forms this year have added another task to their last minute efforts setting up individual retirement accounts. Officials of local financial institutions said Wednesday they have been doing unexpectedly heavy business in both new IRAs and new deposits in existing plans the past several weeks. The tax benefit of an IRA deposit is substantial: each dollar deposited can be subtracted directly from the taxpayer's gross income on the tax form up to $2,000 for individuals and $4,000 for working couples.

Any deposits made before the tax forms are filed can be credited against 1982 income. AS A RESULT, "we've been inun dated with new IRA accounts," said Thomas J. Buck, retirement plans director at the local office of Merrill Lynch. Pierce. Fenner and Smith.

A month ago Merrill Lynch was handling about 15 new accounts a day. he said, but that has grown since late March to about 100 per day. "Since it takes a special effort to open the account, people tend to put it off," Buck said. Like many institutions, Merrill Lynch has been promoting the accounts, and "the results have been very good." Spokesmen for the city's banks and thrifts agreed that the last min Sid Laikin One of our team of insurance professional Indpls most luxurious lirnisriprl I anrl bedroom apartments Brand new suites now available featutinq complete deluie linens towels silverwa'e dishes pots and pans spreads pillows pictures on the wall etc as well as line furniture Our larqe clientele includes local and national companies as well as quality individuals for personal -eiecijtive service call Penny Stark Prime Furnished Apartments in a Prime Location One Month Minimum Lease PICKWICK FARMS APARTMENTS 872-6506 9300 North Ditch Pd 3FFILI8TBD 3GBNCIBS 2506 Willowbrook Parkway Indionapolii. Ind.

46203 Qfe Telephone 317259-1441 A five day program introducing new management tools and strate gies for managers of public mass I transportation systems will be presented by the Indiana University School of Business May 22 27. Called Transit Management in Transition, (he program was designed by I Institute for Urban Transportation. The program will be repealed Aug. 21 26. Fellowships, called Section 10 Fellowships and covering part of the program costs, are being offered by the federal Urban Mass Transporta tion Administration to qualified applicants.

For more information, call the institute at 812 335 8143. Midwestern United Life Insurance Co. Fort Wayne, announced the appointment of John Adams as senior marketing consultant. President Reagan has proclaimed the week of May 814 U.S. Small Business Week.

More than $1,600 was given by employees of Merchants National Corp. to the James Whitcomb Riley Memorial Association from their re cent FROG (Flab Reduction Or Give) contest Each contestant paid an en try fee of $2 and predicted the amount he would lose during the contest. For each pound of the prediction they lost, the employees do nated $1 to the association: however, for each pound not lost, they donated $2. Standard may reopen 4 IGA stores 0 Use THE STAR to Persons interested in the 300 new jobs that will be created should apply at the Indiana Employment Security Division's employment office in Terre Haute, Voris said. Standard Grocery purchased 10 No Frills stores and 33 Super Standard Food Stores in Indiana from National Tea Co.

last July. Wednesday. However, the present No Frills store on Wabash Avenue in Terre Haute will be closed and moved to one of the new locations. Standard is negotiating the purchase with Wetterau Inc. of" Bloom-ington.

Voris said an agreement could be completed this week and the stores could reopen probably by the end of April or in mid May. Standard Grocery Co. of India napolis has tentatively agreed to buy and reopen four IGA grocery stores that were closed earlier this month in west central Indiana. The company plans to reopen the two stores in Terre Haute, one in Brazil and one in West Terre Haute as No Frills grocery stores, said Douglas Voris. executive vice president of Standard Grocery.

The stores would join Standard Grocery's other No Frills stores, which are a "limited line discount-type food store," Voris explained 0 0 0 0 SALES Radio haeK LEASING SERVICE TRAINING Haag conversion nears completion SALE! 55 OFF THIS QUALITY DESKTOP COPIER Radio Shack EPC-150 Center to formally announce the changeover. Peoples, based at Alexandria. purchased the Haag chain in May 1980. Peoples has several such divisions with different names, and "the long term goal is to have all the divisions under one umbrella." said Bethel. Stores at Evansville were remod eled and renamed last August with considerable success, he said.

The conversion of Haag Drug Stores to Peoples Drug Stores in the Indianapolis area should be completed by the end of April, a Haag official said Wednesday. Charles S. Bethel, marketing manager, said most of the 37 stores in the area have been remodeled, and sign changes will occur first in the stores outside Marion County. Peoples plans to hold a reception May 2 at the Indiana Convention Cat. No.

88-2040 0 1 I I I I If you use your car for shopping trips. The Indianapolis Star can help you save gas. It's easy. Just check The Star every day for advertised specials and to find out who is selling what you need, and at what price. Then plan your shopping trips accordingly.

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895.00 Huge savings on our personal-sized copier! Perfect for business or even home use. Makes up to 20 consecutive letter or legal-sized copies, and reproduces from bulky documents as well as from single sheets. Hurry In for Best Selection! No Rainchecks. 0 fl THINKING COMPUTERS? YOU WON'T BELIEVE OUR PRICES until you see our location! Frankly, we have to give BIG DISCOUNTS on computers, printers, accessories, and software to get customers to come from all over the state to our computer store Nobiesvilie. Indiana AND they do' See for yourself Here are some limited time specials for proof Open daily til) 7pm, Sat till 5 Located at Street and Utie Chicago Rd off State Rd.

38 near Morse Lake Visa. Mastercard. Amei honored Computers: GX.100 Printers: Atari XL1200 $649 NEC 8023. s.ngie sheel or pin. Atari 800 488 100 CPS 2K o.n most computers S488 810 disk drive 440 Silver Reed deitywheel letter quality $750 410 Recorder 64.88 Accessories: Commodore 64 379 NEC 12" 1541 disk drive 330 color Monitor wsound $325 1525 printer 335 20 IfSneets $18.50 NEC 64K system 1988 Verbatim Disks 10S27.88 HARB0URT0WN SALES 14-W Harbour Town Shoppes Nobiesvilie (317) $77-4900 (1 THE INDIANAPOLIS STAR Call 633-9211 tor home delivery.

Indianapolis, Castleton Plaza 6242 82nd St. 849-68 Indianapolis, Speedway Plaza 6129-B Crawfordsville Rd 244-2221 Indianapolis, 10013 E. Washington St. Across from Washington Sq Wall 898-4887 Indianapolis, Two W. Washington St.

236-9911 9 a.m.-7 p.m., Sat. 9 a.m.-6 p.m. 0 DIVISION Of TANOV CORPORATION Sale Ends 42583 iMftcBirimsittnwes from AMERICAN FLETCHER CERTIFICATES OF DEPOSIT CERTIFICATES OF DEPOSIT VA year Money Market Certificates Deposit 500 to 100,000 through Monday and earn at an annual interest rate of CHECKING ACCOUNTS Money Market Checking Account Open your account for $25 or more and earn 5V415 interest Maintain a balance of $2,500 or more and earn at an annual rate of 7-to-31 day Money Market Certificates Invest $2J300 to $1 00,000 through Monday and earn at an annual for an annual interest rate of effective yield of 9.250 7.000 This rate is in effect for the full 1 V4 year Certificate term. You may select from several interest payment options. 7.000 7.355 continuously compounded.

You select the maturity, from as few as 7 days, up to 31 days. The rate paid is fixed for the full term of your Certificate. (rrse effective ttvouri Apr) 18) There is a $6.00 service charge if your balance drops below $999. There is an activity charge of 1 5C for each check processed. A special Money Market Checking Account with no service charges is available for individuals and joint depositors' 62 years of age and over, by establishing a direct deposit relationship.

SAVINGS ACCOUNTS Money Market Savings Account Open your account with and maintain a balance of $2,500 or more and earn at an annual rate of 8.000 7.750 (penonal accounts) (business accounts) (rota HcHt. through April 18) Make deposits and withdrawals at any Banking Enjoy Center, at any time, without penalty, the flexibility of a money fund account and the convenience and security of an insured bank deposit Regular Savings Open a Regular Savings Account for as little as $100 and earn 5V annual interest compounded daily and paid quarterly. Squirrels Club A savings program just for children up to age 13. The Squirrels Club helps teach children the value of savings, and features a newsletter, special activities, and discount ticket prices for family entertainment events. Start with as little as $5.00 and earn 5V interest compounded daily and paid quarterly.

1xh year Money Market Certificates Deposit $500 to 100,000 through Monday and earn at an annual interest rate of 91 day Money Market Certificates Invest $200 to 1 00,000 through Monday and earn at an annual for an annual interest rate of effective yield of 8.165 8.539 foompoicfvflnQ of interest prohibited) Your investment matures in just 91 days, and you may select from several interest payment options. 9.750 Combo Account Earn 5V annual interest on Combo Savings compounded daily from date of deposit through date of withdrawal, paid monthly. There is no service charge on Combo Checking when you maintain an $800 minimum balance in your separate Combo Savings account If your balance falls below this amount, the service charge is only $3.00 a month. 182 day Money Market Certificates Invest $Z500 to $100,000 through Monday and earn at an annual for an annual interest rate of effective yield of 8.798 9.120 This rate is in effect for the full 2VS year Certificate term. You may select from several interest payment options.

Long Term Fixed Rate Money Market Certificates Invest 5500 to $1 00,000 through Monday and earn at an annual interest rate of effective yield of 10.000 10.517 for 3V4 years; 10.250 10.794 for 5 years; or 10.500 11.071 for seven full years. Interest is compounded continuously and the rate paid is fixed for the fufl term of your Certificate. Select from several interest payment options. FOR FURTHER INFORMATION (compoLendng of i There are several interest payment options to chooae from. Electro ni check A checking account for those who write relatively few checks.

The service charge is based on the number of checks you write. You pay only $1 25 plus 1 5 cents per check or other debit transaction for each statement period. Regular Checking Keep $500 or more on deposit (or an average statement period balance of 1 and there are no service charges. Otherwise, the service charge is determined by your minimum balance and the number of checks or other debit transactions. on these and other alternatives, contact our Customer Relations Center at 639-8888, or visit any American Fletcher Banking Center.

AMERICAN FLETCHER NATIONAL BANK AFMB Member FDlC riii mi I'tct if prtnnpal merest prrwDy for early Afmjflf WwW-? wUx jwY1 she ai? hnnwrt on whrfr uhecl to cftangr Thw a ajbatantia) wrtrtoVvwvJ from tmt depoaff account Annua qrVclfr-f lartrts atarnrl ahrwr an hmwl im )rt rf prtnr inai and wtterwjt earned, at maturity at th annus) irrn rate wtvcfc a uNert in change Then? si subatantiat rtfrrr penalty far earty MtndrawaJ from ome deposit accounts r- tf laiaaaaBdalsasjaafcaa. i mimm art'tif j'VVrif rT.r'f rrTm1t-r i- a i ai mAAm ar.