5% Savings Promo Ending Sept. 30, 2023 - Any Extension Yet?? | Page 2 | Tangerine Bank | Discussion forum

Alexandre said

Top Dogg said
I'm on this offer until tomorrow (Sept. 30th) and the offer has already been extended for me when the promotion was supposed to run out on June 30th. So what does everyone recommend doing?  

I pulled money from Tang to EQ and will be buying their 5% 6mo GIC when funds become available, which is by the end of next week. If Tang by any chance decides to offer me new promo during first week of October, I'll still have option to move money back.

I've got Tangerine promo offer! Nothing in email, but logged to account and it i there in insights.
It is 6% for new money as of October. https://www.highinterestsavings.ca/forum/tangerine-bank/its-simple-rewarding-to-save-earn-6-00-interest-until-february-29-2024/

Will be moving money from EQ back to Tangerine as soon as hold is off. I am so glad I emptied my Tangerine Savings account before my previous 5% promo ended on September 30th.

Thanks for the heads up guys, glad you got something. I haven't received anything yet. Like I mentioned up above, I moved my funds out from Tangerine on Sunday October 1, 2023. I'll keep waiting, hopefully something will pop up today.

I left a little bit of money in my Tangerine Chequing Account (under $50). Should I pull that money out as well?

Dean said
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No ⬆ ... don't bother, Top Dogg

That special rate does Not apply to chequing accounts.

Cheers,

Dean

  

Ok Thanks for clarifying that for me Dean.

I got the 6% promo til February from an email. That rocks!

Got the 6% promo till end of Feb from tang. Looks like too many people are trying to set up the promos. Tang is hanging

InterestThis said
Wealthsimple 4% works with App, but that rate won't last.

Have you looked at Meridian 5.75% for 5 months?
https://www.highinterestsavings.ca/forum/meridian-credit-union/5-75-for-5-months-hisa-regd-or-not-if-you-dont-already-have-such-an-account/  

Thanks for the reply. Are they are fees, etc. with Meridian? I don't see Meridian listed on the 'HISA Charts' page.

I initially got the 5% promo until June 30, 2023, then it was extended to September 30, 2023 (all money included). I then got an email saying that if I keep my money were it is, I will get 5.85% starting October 6 to December 31, 2023. Although I lost high interest from October 1 to 5, today, when I logged in, I did get an invitation to activate the new offer (on all money) at 5.85% until December 31, 2023. However, I see other people got a new 6% offer up to February 28, 2024 on new money. My question is ... Did those who had a 5% promo ending September 30, 2023 but transferred out from Tangerine all their money before October 3, get the 6% promo to February 28, 2024 on "new" money?
If yes, I guess I learned my lesson that it does NOT pay to be loyal to Tangerine :-(...
Thank you!

Topgoat- in short YES. We had the same offer until Sept 30th and moved all of our money out then got the 6% offer October 4th… we never got a preemptive offer this time. it sounds you were given something different. We got the offer on October 4th after all money was moved out prior to sept 30th.

Topgoat - yes for me, as well. As for loyalty, when a business extends better offers to new customers than to existing ones (plenty of examples, not just FIs) they don't deserve loyalty IMO.

Tangerine is owned by Scotiabank, and their loyalty is to the Scotiabank shareholders, that is, we who own lots of banking shares and ETF's!

(that is after the CEO gets his $8.5-million in variable compensation, bonuses and stock awards)