Million Bucks - Deposit $1 Million And Receive A Free Mercedes

Do anyone happen to possess a nice $1 million lying around? If so, you might be interested in beginning a tally with C1 Bank throughout Florida (formerly Community Bank). Customers re-depositing of which type of bread acquire a free of charge Mercedes beneath a unique promotion. And it's really no base, bare bones either.

Sound just like a pretty great deal? Unfortunately, when having many points with this life, usually there are some restrictions.

Restriction No. one particular can be you might be only allowed two Mercedes per household.

Number a couple is that, not like many CDs, you might income out when they get home of several ages pertaining to what precisely you placed in. As Chris Tutor over at details out, basically, you are permitting your banker carry people million dollars to return the favour for your $60,000 or perhaps therefore Mercedes everyone get. Instead belonging to the 1.2% APR generally compiled when the CD expires, you will get your vehicle way up front. The bank will be labelling this specific "pre-paid interest."

While it truly is less simple when the idea may seem, if you have a million dollars and are available in the market for your Mercedes (and are now living in Florida), search for not be a awful move.

"In this specific rate surroundings where your five year CD offers a great APY connected with 1.20% it truly is awesome to adjust the overall game while using immediate gratification of the stunning Mercedes-Benz that our purchaser will own," C1 Bank CEO Trevor Burgess said within a press release.

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