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Zebra Savings Account -- April Fool's Day, 1999
The London Sunday Telegraph described an astonishing new savings account that guaranteed to pay the best rate available on the market at all times. The account was called a ZEBRA, short for Zero Energy Best Rate Account. It was being offered by the Hungarian bank Loof Lirpa, through its British subsidiary Lirpa UK. The bank was supposedly able to offer such a compelling rate because it used "a complicated mix of investment vehicles, including futures, options, swaps and pixies" (pixies, of course, are small, magical creatures, not investment vehicles). Thousands of people called the Sunday Telegraph seeking more information about this "trouble-free maximum-paying, no-risk investment."

April Fool Categories: Newspapers, United Kingdom, 1999, Banks, Finance.
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All text Copyright © 2014 by Alex Boese, except where otherwise indicated. All rights reserved.