CD Promotions

Promotional Certificate of Deposit

You probably arrived at our website because you saw an ad in your local newspaper advertising a 90 day Certificate of Deposit [CD] at an effective annual return that is greater than what you can obtain from any bank. If so, you are probably wondering "how and why" we are
making this offer.

Let's address the "how" first. LIGHTHOUSE FINANCIAL CONCEPTS offers prospective customers an opportunity to receive a promotional 90 day [3 month] CD. Prospective customers are required to make an appointment and personally meet with an LIGHTHOUSE FINANCIAL CONCEPTS sales agent. The advertised return is available on CD's of no greater value than $20,000 and for periods of no longer than 3 months. You may purchase a CD for greater than $20,000; however the promotional incentive is only available on the first $20,000.

Our LIGHTHOUSE FINANCIAL CONCEPTS sales agents will, upon request, assist you in opening the CD with a banking institution. The CD that you open with the bank will have a stated effective yield that is less than our advertised promotional effective return. LIGHTHOUSE FINANCIAL CONCEPTS will issue you a check for the difference between the yield paid by the banking institution to you on your CD and the return that we advertise. We issue your check before you leave our office. It is important to note that LIGHTHOUSE FINANCIAL CONCEPTS is not a bank, nor are we or any of our sales agents' representatives of any bank. Additionally, we do not broker the CD and we make no compensation from the bank on the CD you open with the bank.

"Why" do we at LIGHTHOUSE FINANCIAL CONCEPTS do this? Well, the best way to answer this question is to start by telling you a story. Do you remember way back when, when we were all younger, and our local banks would offer us a promotional incentive if we opened a checking or savings account in their bank? Sometimes they would give away kitchen appliances such as a coffee pot or a toaster. Today, banks offer duffel bags or tailgate chairs if you open accounts with them. This is simply an incentive for you to come into the bank and establish a relationship with their institution. Well, we are no different. The promotional incentive check that we offer is our “coffee pot”. We offer it to you so that we have an opportunity to meet and establish a relationship with you. There is no obligation on your part.

Furthermore there is no requirement that in order to receive our promotional incentive on your CD, that you must also do any business with LIGHTHOUSE FINANCIAL CONCEPTS sales agent. Any business that you decide to do with LIGHTHOUSE FINANCIAL CONCEPTS is completely up to you and unrelated to our promotional incentive offer.