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AFTER 10 YEARS OF DEVELOPMENT, GENERAL TERM NOTES PROGRAM PROVIDES SAVERS HIGHER YIELDS THAN CERTIFICATES OF DEPOSIT

 AFTER 10 YEARS OF DEVELOPMENT, GENERAL TERM NOTES PROGRAM
 PROVIDES SAVERS HIGHER YIELDS THAN CERTIFICATES OF DEPOSIT
 FARMINGTON HILLS, Mich., Sept. 22 /PRNewswire/ -- A 50-year-old manager for an auto supply firm -- let's call him Frank Robbins of St. Louis -- recently had a five-year Certificate of Deposit mature at his local bank. When he asked to roll it over, the rate he was quoted was 4.50 percent! Shocked, he called his stockbroker and asked what he could do to increase his return but not take much more risk.
 He was pleased to hear about General Term Notes(SM) high yield -- the alternative to the Certificate of Deposit. For a Note with a five- year maturity, he learned that a huge industrial company will be offering 6.0 percent. Household Finance was offering 6.5 percent and Kroger was offering 8.0 percent. He was told that each of these continual offerings had many features like CDs, but unlike CDs, they had an expected secondary market and he could expect to sell them prior to maturity without a penalty.
 Frank also learned that each offering had a different rating or risk level, and the higher-risk General Term Notes (GTNs) paid more interest. Frank also found that like CDs, many General Term Notes had a Survivor's Option, which meant that if Frank died before the GTNs' maturity, his wife could sell the GTNs back to the issuer at face value.
 Frank chose to accept a low level of risk and forgo the FDIC insurance on CDs. He purchased an "A"-rated Household Finance Corporation General Term Note with a 6.5-percent yield and a five-year maturity. The General Term Note is now in safekeeping with his broker with Securities Investor Protection Corporation insurance on Frank's account.
 Frank's story is not unique. As more and more large U.S. corporations add their offerings to the General Term Notes Program, thousands of investors are moving their funds out of banks' Certificates of Deposit and into GTNs. They know that they are helping build America by directly funding U.S.-based businesses, according to securities broker-dealer J.W. Korth & Company.
 J.W. Korth & Company is the inventor of General Term Notes, and this excellent financial product was developed over a 10-year period with offerings for many major corporations.
 GTN and General Term Notes are service marks of J.W. Korth & Company.
 For more information on General Term Notes, call your stockbroker or 800-624-0370 for a dealer near you.
 -0- 9/22/92
 /CONTACT: John Kloster or James Korth of J.W. Korth & Company, 313-855-4500/ CO: J.W. Korth & Company ST: Michigan IN: FIN SU: PDT


SM -- NYPFNS12 -- 1960 09/22/92 06:57 EDT
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Publication:PR Newswire
Date:Sep 22, 1992
Words:449
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