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Email this5:54 pm
May 15, 2007
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Note that this new promo might not apply to everybody:
available to existing Clients who: (1) receive the Offer via email directly from the Bank; and/or (2) receive a notification that they are eligible to participate in the Offer when they log in to their Account on the Bank’s website (“Eligible Clients”).
7:36 pm
October 21, 2013
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Very sleazy.
Everyone who does not "qualify" should remove their funds on April 1 - and the joke's on Tang.
6:56 am
September 11, 2013
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No messages from Tangerine to me as I do this in-out all the time. I do what's in my best interest, I expect them to do what's in theirs - I applaud them (more profits, maybe my BNS shares or dividends will go up), they euchered me this time!
9:04 am
October 21, 2013
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I don't do the "in and out" but I did ask for the interest upgrade in December and received it, having told them I would otherwise remove the money.
I still have a significant amount of money in Tang, and all of it is in cash and easy to move.
However, I did not receive the offer, and neither did my spouse.
I would have thought we'd be the kind of people to whom they would want to make this offer, if not the "in and out" people.
Maybe they're running a randomized experiment, waiting to see who does what? Most customers who did not receive the offer probably won't know it existed and will do nothing, so it may be cheaper for Tang overall on that account.
I hope a journalist brings it to light.
9:53 am
September 11, 2013
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Loonie, this offer seems to be for existing clients' current amounts too so I'm sure if you contact them you'll get the promo rate, particularly as you received it in December when the offer was only for "new" money. It's easy for them to monitor account activity and exclude disloyal guys like me but it doesn't make sense to not treat their loyal customers the same.
11:41 am
May 28, 2013
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I am one of the 'in and out' people, and I do not see any offer from Tangerine for this new offer of 2.1% either by email or when I log in, so I guess they do not want my money to stay there.
I see no incentive to leaving my money in Tangerine when all they pay is a paltry 1.05% (outside of any special offers) when I can move it say to Hubert and get 1.95% normally (at least for now).
Now, what will President's Choice come up with as a counter offer, since they seem to be in a marketing battle with Tangerine for our money?
3:35 pm
August 28, 2013
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It will not be polite to ask what is 'significant amount' for you. For somebody it is 20K, for somebody 100K. If you play by CDIC and keep up to 100K, maybe they consider you overcautious and not worthy 2.1%. Who knows what logic is behind their offer. I have to call them and confirm.
8:52 pm
October 21, 2013
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JustMe said
It will not be polite to ask what is 'significant amount' for you. For somebody it is 20K, for somebody 100K. If you play by CDIC and keep up to 100K, maybe they consider you overcautious and not worthy 2.1%. Who knows what logic is behind their offer. I have to call them and confirm.
Maybe you can find out why you were so lucky but your "friends" were not?
10:53 am
July 10, 2011
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Would be interesting to see if you call in and request that rate if you will get it or not.. If I don't get the rate I will simply continue moving money elsewhere..
11:45 am
October 21, 2013
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Actually, as I look at it more closely, this rate is intended to encourage people to do their primary banking/saving at Tang, as it is is only interested in new 2015 money. The only people who are going to be adding "new money" are those who either put their paycheques (or other regular income) there or who are actively looking for a place to park savings but don't realize there are better places. So, I think most of the "new money" will be coming from the former category. I don't fit in, so they would not be interested in promoting this to me. My spouse, however, does fit, so perhaps that's where the phone call should come from.
They don't seem to be putting any energy into retaining savers.
The only reason we still have anny money there is basically due to slow decision-making.
2:36 pm
July 10, 2011
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Just switched all primary banking to Tangerine.. They are going to lose alot of money that could of sat around for another month or two.. Oh well.. I guess this new promo was til the end of april only?
6:47 pm
August 28, 2013
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I would not know how to call their offer but it is very smart way to 'force' you to keep your money there;
first it was 2.5% offer for new money Jan-Mar, 2015. OK, so you moved from wherever you keep it to Tang as there was no better offer. Now as their 2.5% is at the end, here is another one - keep it AND add new $ for 2.1%. Lousy rate BUT still better than any other bank or CU, correct?
So, after Apr- Jul, 2015 another offer will be in order - 2%. Lousy?! You bet! But still better than 1.95% from CU. Therefore, your money will stay at Tang plus you might add few $ more.
As my loyalty is with whoever pays interest the most (I know, I know - like prostitute) The only Bad thing is CDIC insurance of tiny 100K. And I have no guts to move more into Scotia bank.
They have some kids as reps on the phone so could not get any useful info. They did confirm 2.1% for me after being 3-4 min on hold. Hello! You should know what your company is doing/offering. You ahve access to my file in front of your eyes. No, they did not tell me how they picked me. Sort of 'we carefully select valuable clients'. Right. It definitely has something to do with amount I have at 2.5% so they do not want to lose me as I did move it out right away after their previous offer of 3% expired. Therefore I will get silly $25 more per month comparing to Accelerate. But I am a whore, remember... cannot help it.
12:20 am
October 21, 2013
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Bill moved his money out of Tang and back again but didn't get the offer. JustMe did the same and did get it. So I don't know what their logic is. Maybe there are demographic factors, like age. They would want to encourage younger people, I would think, as they have a longer horizon ahead. Perhaps active usage and chequing accounts would be factors as well.
I somehow doubt they will pull the same trick again at the end of the current offer. They wouldn't want to become too predictable.
It's not prostitution, JustMe - Both you and the bank are in the business of doing the best you can for yourselves, fair and square. If we don't hold them accountable by moving our money elsewhere, they won't be motivated to compete at all, and we'll all be getting 1% or less.
8:11 am
January 30, 2009
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I agree 100% with Loonie. Remember, banks are making a lot of money, off of your money, and deciding how much of that they will give you back. Don't feel bad about seeking a better rate. Don't let the banks make you feel bad about it either. They are not paying you even half of what they make off of your money.
As for Tangerine, I could be wrong, but I would suggest calling if you are not offered the 2.1% rate, and you want to stay with them. If they are unwilling to offer it to you, remember Hubert's term special is still going on, where you will get 2.2% for the first 3 months.
6:50 pm
September 11, 2013
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JustMe - I never have money anymore with Tangerine unless it's a promo rate so that's why they're not giving me the offer, I presume. They can see my history going back to when they first opened for business years ago, when they were pretty well the only alternative around for a while. Also BNS has been around since about 1832 and I presume there would be some pretty big warning signs in our economy, etc if it was going down the tubes - plus I'm sure the other big banks would buy up its business if it was going bad, for the sake of the stability of the whole system if nothing else, so I've never worried about the 100K CDIC limit with one of the big banks.
9:00 pm
October 21, 2013
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Tangerine is insured separately from BNS by CDIC. This may not matter much, but, still, worth remembering.
3:19 am
December 1, 2014
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PC Financial just launched 2.6% until June 30th, 2015. The heat is ON!
5:52 am
April 1, 2015
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howiemandel said
PC Financial just launched 2.6% until June 30th, 2015. The heat is ON!
Where can I find the details on this promotion?
8:08 am
April 6, 2013
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I posted details in this topic 2.6% interest, until June 30, 2015, on new deposits.
9:10 am
December 1, 2014
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I just called Tangerine to ask them to match the 2.6% from PC Financial on 130k deposit.
They said no. Not apples to apples because PC Financial pays 1.05% monthly and at the end of the entire period- sometime early July 2015, you will get the bonus interest payment of 1.55% for your balance in that period. If i interpret this right, PC Financial won't let you earn more interest off compounding effects, rather gross calculate the 1.55% bonus on your daily average balance from apr 1st to june 30th 2015.
If anyone else is successful getting Tangerine to match please post. For me, it was a "im sorry, we cant do it regardless of your deposit amount"
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