Banks Use To Give Free Toasters

This Is Even Better!

Anyone who has been around long enough can remember when banks gave away free stuff to customers opening new accounts.

From the 'what's old is new again' department Bloomberg.com is reporting a bank in Virginia is taking advantage of a new law that allows banks to give away cash instead."Each month, the bank has a drawing with one $200 winner and four $50 winners. At the end of the year, it will give away a jackpot of $5,000. Customers get one drawing entry for every $25 increase in their account balance. To encourage savings, the bank allows only one withdrawal from a jackpot savings account per month, or else depositors pay a $5 withdrawal fee."
Sounds like a great idea to me. It's like playing the lottery except in this case you get all your money back.