Another Tangerine Promo for existing customers -- only 2.2%! | Page 7 | Tangerine Bank | Discussion forum

RicksBank said
A couple of weeks ago, my inlaws got a 2.75% bonus offer for 6 months or so as new 1st-time customers.

Ineteresting (?) that EQ, Oaken, etc are raising their GIC rates a lot but leaving their savings rates at 1.5%/1.6%. I never paid attention before. Is this expected?  

With lots of people anticipating higher GIC rates to come, they are probably cashing in their GIC's as they mature but don't want to be locked in yet. So waiting for these "promised" higher rates, they pretty well have to spread out their cash into HISA's. So a ton of money sitting in savings just waiting for the big moment. Oaken etc. know this I'm sure, so give you 1.5% instead of over 2% whilst you wait anxiously to make your move. I guess.

Anyway, after listening to many of you; I'm going to sit on my hands until after July's announcement.

Greedy Guy said
I will buy GICs over the next couple of weeks/months with my savings accounts.

How low can my Tangerine savings account drop to and still receive the next promo interest later this year?  

$11.79 ...

ingoo said
I didn't accept the 2.2% by May 31 offer either, but no 2.8% offer for me 🙁  

Me neither. I didn't accept the 2.2% and let it expire at May 31. No new offer since.

implode said

And that 2.8% offering was offered over the phone with a call in or was it offered via an insight online?  

It was targeted on Insights. Anyone calling in gets offered 2.25%. Like others, I chose not to accept the 2.2% offer in the hope that at some future date be offered something more appealing. The sense I get is that it's usually a month, or more after an offer expires before another may appear in Insights.