European Stars And Stripes (Newspaper) - November 1, 1987, Darmstadt, Hesse                                Havens for the Market weary skip Wollenberg associated press the wide swings in Slock prices currently May Havn Lull some Small investors feel Mai to safes i place for i hair Money was under Irto Matress. Bui investment advisers say there Are some relatively Safe havens available to the Market weary who want a modes Lemur n As Well. The havens Range from passbook savings accounts to Treasury Bills Money Market funds and us. Savings Bonds hero Are capsule descriptions of some of them. Treasury securities investors can buy Treasury Bills notes and Bonda i portly irom a Federal a Sorvo 8ank at no charge on Dlo of auction. They Are available Laler through Banks and brokerages the principal and interest Are considered Safe because the Federal government stands behind them. Hut the fed won t buy them Back before maturity. Investors who need to redeem them Early May find they must Cut the Price to soil them and pay a brokerage fee As Well. Treasury Bills Are sold by the fed in minimum denominations of $10,000 and Are available in maturities of three six and 2-Monms. Treasury noles of two to three years maturity Are sold in minimum  of $5,000, White or of a my luring in four to 10 years and Bonds o up to 30 years Are sold in $1.000 minimum denominations. Three month Bills were trading in the secondary markets at prices thai yielded 5 2 percent at week s end and 30-year Treasury Bonds were a 9.1 percent. Bank accounts Tho Federal Deposit insurance corp. And the Federal savings and loan insurance corp. Insure principal and interest of up to $ 100,000 per person on accounts held at member Banks and thrifts these Are some of the possibilities passbook savings accounts. Passbook savings accounts Are among the most Basic instruments available at Banks and Thrif is and Are generally available without a minimum investment have no Check writing privileges but allow unlimited withdrawals. Bank Rale Monitor which tracks interest Fafe trends at the 100 largest Banks and thrifts in the 10 lop markets in the nation said its latest Survey said the average yield was s.i7 percent Tor passbook savings accounts and 5,22 percent for statement savings accounts. Interest bearing checking. Otten known As now of super now accounts these resemble checking accounts allowing free Check writing privileges. Ii usually fakes a minimum amount of $500 to $ 1,000 to open an account a monthly maintenance fee May be i charged end a customer could be i with a charge and lose some interest if the balance alls below certain Levels according to Robert t. Heady publisher of Bank Rale Monitor which is based in North Palm Beach. Fla. Average yields were 5.21 percent in the latest Survey Heady said. Certificates of  instruments allow customers to lock up yields Lor periods ranging from 6 months to five years. Minimum to open is typically $100 to $1,000. Buyers risk missing out if interest rates Rise and usually must pay a Penally if they Cash in Early. Heady said penalties arc As High As six months lost interest on same longer maturity cd s. Sim or Only cd yields averaged 7,37 percent Overall in the latest Survey including 7.54 percent Al thrifts and 7.19 percent at Banks Heady said. Money Market accounts available since 1382, these Ulfer Market based yields and no Early withdrawal penalties but generally limit Check writing to three a month and have still charges for any extra chocks. Minimums o open Are typically $5001o $1,000, Heady said. Some accounts have monthly maintenance Lees and others impose a charge when the balance tails below a minimum level. Heady said the average effective yield was 5 82 percent in the 10 biggest markets in the latest Survey ranging Horn 6 29 percent in Boston to 5 24 percent in los Angeles Money Market Mutual funds More than 400 Money Market Mutual funds Are available to the Public offering Markel based Rales of interest. The funds Are formed by investment firms that Pool Money and invest in a variety of liquid instruments such As Treasury Bills Bank certificates of Deposit and commercial paper the Price of shares in the funds is generally fixed Al it a share while most funds require a minimum of $1,000 to gel in and of let unlimited chock writing according a