New Offer from Tangerine (November 1, 2024 - March 31, 2025) | Tangerine Bank | Discussion forum

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That ⬆ sounds more like an 'Extension', rather than a new offer.

But at today's present ever-lowering rates, whatever we call it ... it's a Pretty Good Deal ❗

Dean

Spouse just got the targeted offer, 5.25% from Nov 1 to Jan 31
Existing 5.5% is expiring Oct 31, so I guess we can leave the money there
(Was just about to move it out)
Technically, not an extension, rate is different, but I guess you can call it what you will
It is true that the Aug 7 "start" date is carried forward from the existing promo
But, as I read it anyway, can leave it there, they say the new rate will start Nov 1, once it is activated

Just got same extension as hwyc but based on after Aug 6.
Was coming off 5.5% on Oct 31.

Have not yet received the promised Nov 1 email re new promo
However, logged into account, and was presented with the Activate Now button

You’ll need to hit ‘Activate’ to start earning 5.25% interest on the new money you brought to your Account(s) since August 7, 2024.

And any additional new money you deposit counts too!*

Here’s how it works:

• You’ll earn 5.25% interest from November 1, 2024 until January 31, 2025
• This applies to existing and new Tangerine Savings Account(s), including RSP, TFSA and US$
• This applies to balances of up to $1,000,000.00 per Applicable Account Type

Hit ‘Activate Now’ by November 30, 2024.

Keep in mind, you need to activate this offer to get this rate

Has anyone who received the heads-up email a few days ago ("on November 1, 2024, we’ll send an email with details about activating this new Savings offer." about the 5.25% Nov 1-Jan 31 promo) actually received the promised Nov 1 email?

I got the heads-up email but still haven't received the Nov 1 email and there's nothing (e.g., in Insights) showing the promo on my account yet.

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Nothing for moi this time around ... but I've just finished up one Extension already, so I don't expect another one, on-top of that.

Fingers crossed I'll get a New offer. Maybe sometime next week ... I hope.

Dean

I received the e-mail with the "Activate" button as well. It had this fine print:

* The 5.25% Interest Rate Offer (the “Offer”) is only available to existing Tangerine Clients who have received this communication directly from Tangerine and who activate the Offer online by November 30, 2024 (“Eligible Clients”). The 5.25% promotional interest rate (the “Promotional Interest Rate”) is valid from November 1, 2024 to January 31, 2025 (the “Promotion Period”) and is only applicable to Tangerine Savings Accounts, Tax-Free Savings Accounts, RSP Savings Accounts and US$ Savings Accounts where the Eligible Client is the Primary Account Holder (referred to collectively as “Applicable Accounts”). Promotional Interest is the interest earned on Eligible Deposits during the Promotion Period. “Eligible Deposits” for any day during the Promotion Period is the excess of (i) the sum of end-of-day balances in all Applicable Accounts per Applicable Account Type (excluding Promotional Interest) over (ii) the sum of end-of-day balances in all Applicable Accounts per Applicable Account Type as at August 6, 2024, to a maximum of $1,000,000 per Applicable Account Type (in the currency of the Applicable Account). The Promotional Interest Rate is an annualized rate, calculated daily and paid monthly. All balances in Applicable Accounts that don’t qualify as Eligible Deposits will continue to earn the Bank’s applicable Posted Rate. This Offer can’t be combined with any other promotional Savings rate offers. …

I believe this same issue-- delayed activation emails-- has occurred in similar situations in the past
I was actually slightly surprised to see it arrive today

Just received Wealthsimple promo email for a free iPhone 6 if I transfer 100k to then before December 16th. I guess I know where my money from Tangerine at 4% will go after. The sponsor of the money transfers.