C1 Bank offers free Mercedes-Benz with new $1M account
Are you tired of getting cheap gifts for signing up for a new bank account? Perhaps you’ve received some free pens or if you're lucky, a gift card. Well toss out all those inexpensive trinkets, because Florida's C1 Bank is offering a free Mercedes-Benz when local residents sign up for a new bank account. The Tampa Bay Buccaneers, Pewter Partners and Crown Eurocars, a Mercedes-Benz dealer, have all teamed with C1 Bank to present this unique promotion. The announcement coincides with the name change of Community Bank to C1, which occurred today.
So who exactly qualifies for the free 2012 Mercedes-Benz? It appears that the only people that qualify for the promotion are already financially endowed enough to purchase a Benz. In order to receive a new car, clients must enroll in a new five-year $1,000,000 CD account at C1. Customers that sign up for such an account will have their choice of the 2012 SLK350 Roadster, 2012 E350 Sedan, 2012 ML350 SUV, and 2012 E350 Convertible. As an added bonus, new cars will come with tags, title, licenses and taxes all paid.
That said, clients will not earn the general APY, which is associated with C1’s five-year CD. "C1 Bank is offering its clients the ability to drive off in their own brand new Mercedes-Benz just for moving their money to C1 Bank. In this interest rate environment where the five year CD has an APY of 1.20% it is thrilling to change the game with the instant gratification of a spectacular Mercedes-Benz that our client will own including tax, title, and license,” said C1 Bank CEO Trevor Burgess.