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Email this7:55 am
February 27, 2018
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i'm not sure what to make of this... my current savings rate offer expires on January 22, 2021 (tomorrow). i logged into my account moments ago, prepared to go to battle when i noticed a two (2) week extension on my current savings rate offer. Two weeks... what's up with that? 
8:06 am
February 27, 2018
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Sorry, jan 22 to march 8th, is more than 2 weeks.
I was flipping my calendar and counting to the 8th.... of February.
8:37 am
August 17, 2010
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Same happened with me. Extended until March 9th! No email with a heads up.
10:31 am
January 12, 2019
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Kidd said
Sorry, jan 22 to march 8th, is more than 2 weeks . . .
Yup ... that's ⬆ a 45 day extension ❗
Tang must be getting short of dough again 
- Dean
" Live Long, Healthy ... And Prosper! "
11:23 am
April 6, 2013
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My offer was going to expire January 31. It has been extended by 45 days too:
Great news! We’re extending your special 1.70%* Savings rate until March 17, 2021.
5:47 pm
September 6, 2020
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Little wonder. With their regular interest rates near zero they are not competitive with many other FI. Lots of people move their funds elsewhere. When these deals expire I am sure lots of people move funds elsewhere.
Have a Great Day
7:10 pm
May 22, 2015
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I got 1.75% until May 31st !
11:43 pm
February 17, 2013
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My offer is up Feb 28. I've often wondered what Tang's strategy is in paying reg interest and then bonus interest the next day? Just exemplifies how little their regular rate is when just the promo interest is 19 x higher.
10:24 am
November 18, 2017
Online
When Tangerine pays the bonus interest on the day AFTER adding regular interest, they are benefiting by delaying compounding the bonus by one cycle, I believe.
RetirEd
RetirEd
11:15 am
January 3, 2013
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Mine is still until February 28, 2021 and no extensions so far.
11:21 am
April 6, 2013
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RetirEd said
When Tangerine pays the bonus interest on the day AFTER adding regular interest, they are benefiting by delaying compounding the bonus by one cycle, I believe.
Someone will have to do calculations to check that.
Lots of financial institutions show the interest, for a month, credited on the last day of the month. But, the interest is really credited after the close of that last day and won't earn interest until the next day.
The interest can't really be credited that day because that would affect the closing balance of that day which is, in turn, used to calculate the interest!
Simplii decided not to follow that practice. Interest is still credited the last day of the month. But, what is credited is interest for the last day of the previous month to the second last day of the month.
EQ Bank decided to credit the interest for a month on the first day of the next month.
12:08 pm
September 6, 2020
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Everything takes time.
I created a spreadsheet to determine how these bonus programs work after getting the 2% at Simplii until March 31st, 2021. Balance for day. Calculate interest .10% / 365 * end of day balance. Keep track of interest earned until month end. Repeat next day. Credit monthly interest for the month after month end closing. i.e. December 31, January 31, February 28 and March 31st. After March 31st they total monthly interest (i.e. TMI) from start of bonus period. Total interest = TMI * 2% / .10%. Subtract monthly interest to calculate bonus interest paid sometime in April. You collect all interest claimed in Terms and Conditions. Have fun.
Have a Great Day
4:02 pm
April 2, 2018
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Just curious if they will extend current 2% offer beyond March 31...
4:23 pm
November 8, 2018
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pooreva said
Just curious if they will extend current 2% offer beyond March 31...
Too generous. I am on that offer, too, the best I expect is an extension with 1.5%-1.7% interest. Just enough to convince people not to move their money to another bank on top of HISA list.
Which is what I am going to do (move it all) if I won't get better than 1.5 from Tangerine.
4:39 pm
September 6, 2020
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Good for you. I am moving all my money out when deal expires. Not worth the bother or hassles.
Have a Great Day
12:17 pm
March 15, 2019
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I got an offer earlier this month for 1.75% on new money. I enrolled since I didn't see any downside risk, with the possible exception I become ineligible if they come out with a better offer later.
On a somewhat related issue, does anyone here use Scotiabank ATM's to deposit cheques to their Tangerine account? If yes, do the Scotiabank ATM's have a dollar limit per deposit? They had or maybe still do have a $100,000 limit. I asked at a Scotiabank branch and the staff there didn't know.
12:53 pm
February 27, 2018
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Coin.
COIN said
I got an offer earlier this month for 1.75% on new money. I enrolled since I didn't see any downside risk, with the possible exception I become ineligible if they come out with a better offer later.
Your 1.75% offer puts me in a dilemma. I was aware of the 1.75% offer before i was going to call tangerine on January 21st, and I was determined to get that 1.75% rate on "ALL" deposits. They having extended my 1.8% for 45 days, makes me want more than 1.75% on march 8th.
Reason being. I would have accepted 1.75% on ALL deposits for a 5 month term. Extending my 1.8% for 45 days and then to offer me something less than 1.75% for 5 months, makes no fiscal sense to me. I would have been better off taking the 1.75% on January 22nd.
1:21 pm
February 27, 2018
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COIN said
On a somewhat related issue, does anyone here use Scotiabank ATM's to deposit cheques to their Tangerine account? If yes, do the Scotiabank ATM's have a dollar limit per deposit? They had or maybe still do have a $100,000 limit. I asked at a Scotiabank branch and the staff there didn't know.
I can not speak of Scotia bank but TD have atm limits. I hate standing in a lineup (police or otherwise) i sweat profusely and by the time it's my turn, I'm a spectacle. I had called TD before hand, asking about atm deposit limits and their educated reply was "yeah, no problem" WRONG.
The cheque was a "me to me" transfer. The atm spit out the cheque because of the amount, it refused to take it. The teller took my cheque to the manager and i was advised, "this should be a certified cheque"
I rationally explained to the teller. "Who is the cheque made out to?"
"You."
"And who is the cheque from? ME. Why the hell do i need a certified cheque to myself?"
"There's going to be a hold on this." As he watched the sweat drip off the tip of my nose.
2:32 pm
October 21, 2013
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Kidd, I'm surprised the ATM didn't just swallow your cheque and THEN refuse to process it, which you would not have known about until days later.
On the plus side, at CIBC we deposited a cheque via app for about $2,000 the other day and I see that there was no Hold put on it at all. The cheque was drawn on a credit union, so it wasn't their own; and it was from a third party, not me-to-me. I don't recall this happening before.
Perhaps, after having the same account for almost 35 years, often with large sums, and no NSFs, they've decided we're trustworthy customers! No rush, eh?
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