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Joined: Jul 2006
Posts: 4,833 Likes: 1
Campfire Tracker
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Campfire Tracker
Joined: Jul 2006
Posts: 4,833 Likes: 1 |
I remember showing my Dad the ad in Field & Stream. He got out a pen and paper and made me calculate the interest I would earn at the current published CD rates at the time and then reminded me what some of those guns were selling for. Great gimmick for the BoB and a fun promotion, but not a good return on your money. Had the same experience with my dad. So basically, the bank was paying out less interest by giving you a rifle for the use of your money instead of cash? Sounds about right.
"Men must be governed by God or they will be ruled by tyrants". --- William Penn
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Joined: Jun 2019
Posts: 9,954 Likes: 4
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2019
Posts: 9,954 Likes: 4 |
Has anybody ever seen a bank that didn't screw its customers without any lube at every opportunity?
Ignorance can be fixed. Stupid is forever!
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Joined: Jan 2004
Posts: 11,389
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2004
Posts: 11,389 |
Local Jewelry store around here used to offer a free shotgun with the purchase of some $$$$ engagement Rings... Weatherby for a CD sounds like a much better deal all the way around... That is a VERY interesting promotion! Local shop does this every Valentines, partners up with a local gun shop.
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Joined: Oct 2022
Posts: 52
Campfire Greenhorn
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Campfire Greenhorn
Joined: Oct 2022
Posts: 52 |
I recall that advertisement vividly. It would be a fantastic promotion if a Sheridan Wy bank revisited the option.
**BEWARE SCAMMER BEWARE SCAMMER BEWARE SCAMMER**
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Joined: Feb 2007
Posts: 2,071
Campfire Regular
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Campfire Regular
Joined: Feb 2007
Posts: 2,071 |
I did that in the late 80's with a credit union thinking I was going to get a new rifle and that was right before the great banking melt down. Lost my deposit and never received my rifle. That was also the time in the mid 80's when Federal land bank had floating interest rates on farm land. I had borrowed money to buy a couple farms at 2% in 1976. By 1985 the interest was 22%. Could not make the ground pay and ended selling the farm to pay off the loans. Not a happy time for me.
Writing from the gateway to the great BluMtns in southeastern Washington.
Just remember, "You are the trailer park and I am the tornado". Beth Dutton, Yellowstone.
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