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Quick question regarding HISA
December 18, 2024
2:30 pm
Saver602
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Hey everyone, hope all are well. Merry Christmas and Happy holidays to all of you.

Quick question. I've been playing the move money from Tangerine to Simplii and back and forth game. I'm currently at Tangerine getting 5.25% until 31 December. Simplii has offered 5.35% until 28 February. My question is this.. how long before expiration of the tangerine offer would I hear from them if they were to offer an extension? Guess it's two questions. Would a CSR be able to see/discover if an extension is going to be forthcoming?

Thanks for sharing all of your experiences. Love this forum.

December 18, 2024
4:26 pm
usephrase
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1 week Prior to the offer expiration, Tangerine may send you an email notification for a new offer, but most of time, Tangerine does not email. If you do not see a new offer like the 7 th of the month, most likely you will not get a new offer.

I do not know CSR knows or not if an extension is going, I called them and asked several times, they always told me to call back after current offer expiration, they may give you a new offer when you call them but the rate is lower.

December 18, 2024
5:11 pm
Saver602
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Appreciate your response, thanks! Guess I will just move over to Simplii again. Weary of the games but do like the rates.

December 18, 2024
7:33 pm
everhopeful
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If you have a competing offer I would jump ship. Tangerine (and Simplii) will probably give more offers if they notice you have withdrawn a bunch near the end of their last one (shows them they have to compete for your dollars). The whole point of these games is to attract funds into these accounts, then hope we forget it there when the interest rate reverts to the basement.

December 18, 2024
11:43 pm
cgouimet
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Saver602 said
Appreciate your response, thanks! Guess I will just move over to Simplii again. Weary of the games but do like the rates.  

Any new or extended offer from TNG is unlikely to be close to 5.25-5.35%.

CGO
December 19, 2024
4:35 am
usephrase
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BOC expected to cut much rates in 2025, I purchased 1 Year Cashable GIC at 3% + 1% Cash Back reward program=4% for the next 1 year. I will have a peace of mind in next 1 year.
I am tired of their games. Actually Tangerine did not offer me, Simplii offered 3.5% till Feb 28.

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