DETROIT (September 2, 2020) – The Detroit Pistons and Flagstar Bank announced today they have teamed up on a new season ticket promotion called “Pistons IPO: Initial Pistons Offering” where fans placing deposits on 2020-21 season ticket packages from September 2 to October 31 can earn up to 5% Annual Percentage Yield (APY1) on their season ticket investment through December 31, 2020.
The new season ticket promotion is the first of its kind in the NBA and demonstrates the power of the Detroit Pistons and Flagstar Bank partnership to deliver benefits to fans. Fans participating in the “Pistons IPO” program will earn money back from their deposit through interest paid on a Flagstar Bank certificate of deposit (CD) account between the date of a new season ticket purchase and December 31, 2020.