don't you get a gun for opening a bank account in some states?
Yep, countries not messed up though, its normal behaviour this sort of thing
North Country Financial Corp. is exchanging firearms for deposits, giving away rifles and
shotguns in lieu of the interest that normally accompanies accounts.
Put as little as $869 in a 20-year certificate of deposit, and the Traverse City,
Mich.-based bank will hand over a Weatherby Inc. Mark V Synthetic rifle that normally lists for
$779. Deposit more, and you have a choice of six Weatherby shotguns or limited-edition rifle
with walnut stock and oak-leaf engravings.
The bank has 28 branches, mostly in Michigan's Upper Peninsula, and the guns-for-CDs
program is a potent weapon in the fight for Americans' savings at a time of shrinking bank
deposits.
Banks across the country are offering everything from $50 gift certificates and books to
casserole dishes and clocks --even toasters -- to lure back customers and stem a seven-year
decline in deposits as Americans shifted money into stocks and mutual funds.
U.S. time deposits, including CDs, totaled about $1.05 trillion at the end of last year,
down from $1.17 trillion in 1990, according to the Federal Reserve. In the decade, assets in
mutual funds surged to $6.82 trillion at the end of November from $1.07 trillion at the end of
1990, the Investment Company Institute said.
Offering freebies for deposits gives banks "a way to get the customer in front of us,"
said Ken Lewis, president and chief operating officer of Charlotte-based Bank of America Corp.,
which has more deposits than any other U.S. bank. Just getting customers back in the door
"gives us an opportunity to sell other products as well," he said.
) with a 12 months amnesty would reduce some of the murders