Friends, hurry! You only have until July 30 to put $1 million into a CD with C1 Bank in exchange for a brand new Mercedes-Benz.

That’s right. Put $1 million into C1’s "unique" five-year CD and get a Benz.

But put the dreams of pummeling the streets of the Back Bay in a twin-turbo, 500-plus horsepower, approximately $200,000 CLS 63 AMG out of your head. The incentive for your deposit is not one of Mercedes’ fire-breathing, technology-showcasing, 200-mph country clubs on wheels. It’s got to be a more pedestrian SLK 350 roadster, an E 350 sedan (or convertible) or an ML 350 SUV.

Nice cars – worth considering when you’re looking to take a step up from the family’s Camry, and only a modest step down from The Teller’s own mint-condition 1987 El Dorado – but nothing truly special. Each sells for around $55,000.

The Teller is curious, though. Why would someone with $1 million just lying around choose to tie it up in a 1.2 percent CD, just so he could have the car favored by smarmy, cheapskate nightclub owners and people everywhere who know almost nothing about cars.

But it’s more than that, ladies and gentlemen. The more the Teller reads from C1 about the offer, the less interested we become.

See, the car offer is only good for Florida residents, and there’s a limit of two per household. Hasn’t Florida been scammed enough?

There’s also this little matter, according to TheFinancialBrand.com:

"The unique CD offers a 1.20 percent APY, yielding pre-calculated interest that would amount to a $61,294 advance payment. C1 Bank is only allowing the prepaid interest to be used towards a purchase of a new Mercedes with an MSRP of $59,585. They are throwing in all the taxes and license fees (worth nearly $5K), and knocking $3K off the package, so it basically works out."

So, instead of putting your $1 million in a five-year CD at C1 (which was once known as ‘Community Bank‘) and building interest at 1.2 percent, this deal requires the depositor to accept prepaid interest in the form of a car. A car, regardless of how nice it may be now, that will depreciate in value over those same five years.

That’s a "unique" deal, alright. For all you rich folks who have $1 million you can’t think of what to do with, The Teller has a proposition: Put it in this CD at C1, and the Teller will buy the car from you for $49,999.