Special Rate | Tangerine Bank | Discussion forum

Interesting...yeah, not surprised there's no rate. That's just the "pardon the interruption"-type promo to move one's money. If the date(s) are accurate, I should be able to get a few extra days of interest from Tangerine by leaving my deposits in my Tangerine Savings through Sept. 30th.

My prediction: 3%, down slightly from the 3.1% summer promo.

Cheers,
Doug

xup6.yc said

"special interest rate" that's calculated from your savings... they should just give us a chart so we can plan ahead.

" in new deposits" so if I move them from chequing into saving, it wouldn't count would it.

Close, but you could actually move your Tangerine Savings deposits to Tangerine Chequing (not from Chequing to Savings as mentioned above) prior to the account balance "snapshot date," which is never disclosed in advance but is typically not before the 1st of the month and with which appears to be Oct. 4th this time.

Interestingly, Tangerine doesn't include "Chequing" in their "Eligible Accounts" so, yeah, you don't have to move elsewhere, though moving elsewhere would generate additional interest and protect you in case no new promo. Just remember your hold periods.

Cheers,
Doug

I guess they're "listening" to us after all. They just don't want to follow our suggestions. I think my willingness to do business with them just went down a few more notches.

Right now, I have almost 0 in there anyway, and no need to move any in.

Hello all ; My 3.25% rate ends tomorrow.Called just now to *transfer out* most of the funds from the account.They make you call if you are transferring out more than 25,000$ at once.Asked the reason- customer service,interest rate?Told the rep .08 % wasn't going to cut the mustard.He asked me to hold for a minute to see what he could do.Came back in less than a minute with 2.5% for an additional 90 days.Sounded good to me.Very easy,no hassle, 3 minute phone call to get highest rate for a savings account. Charles.

Atlas said

Searched for 'Special Rate' on the Tang site, and on page 3 of the search results at https://www.tangerine.ca/en/landing-page/specialinterestrate/index.html

The details are quite vague - to me at the least - but applies to certain applicable accounts notably Savings, RSP, and TFSP accounts from Oct. 5, 2016 to Dec. 31, 2016.

The link Atlas posted is once again 'live', and gives some information; not just the elusive $3 bill....

It says "From October 5, 2016 to December 31, 2016, you’ll earn your special interest rate on up to $500,000 in new deposits that raise your total Applicable Account Type* balances above what they were on October 4th. All other deposits will earn the applicable Posted Rate."

I assume the 2nd sentence does not apply to those who are on a 3-month or so promo rate - ?

So it appears that those who have accepted the previous July 5-Sept 30 'new money' summer rate (offers of between 1.75%-3.25%, I believe), and who phoned Tangerine recently, may have been offered 2.50% or 3.00%, full balance for 90 days...(of course, there were those who received no offer at all, (no soup for you!) either back in July, and/or in the last few days !!) This offer should be called a 'retention' offer, full balance; not a bad deal, in advance of the Oct 4/5 impending offer??
Those who moved money out of Tangerine prior to Oct 4, will now, hopefully, receive a targeted 'new money' offer...
I will follow, with great interest (pun intended), the continuing Tangerine machinations!

Maybe they were being slightly kind and giving warning/heads up about what to do with your money. Although I'm thinking this was stumbled upon by accident more than anything.

A special rate appeared on my account today, right on schedule.