Tang new promo 5.25% until Jul31 for new deposit | Page 2 | Tangerine Bank | Discussion forum

suburbs4life said
Does anyone know if tangerine business accounts get the same targeted promo rates as the personal bank account accounts?

Edit- after a quick qoogle search it appears they do offer targeted promos to business accounts that are separate from personal savings accounts. (in case anyone else was curious)  

The T&C's of the 5.25% offer excludes Business Accounts ...

"The Offer is only applicable to Tangerine Savings Accounts (“Savings”), Tangerine Tax-Free Savings Accounts (“TFSA Savings”), Tangerine RSP Savings Accounts (“RSP Savings”), and Tangerine US$ Savings Accounts (“US$ Savings) (referred to collectively as “Applicable Accounts”) where the Eligible Client is the Primary Account Holder as described in Section 13 below. Multiple Applicable Accounts of the same type (for example, three separate TFSA Savings Accounts) are collectively defined as an “Applicable Account Type”. The Offer is not applicable to any other Accounts, including (but not limited to) Tangerine RIF Savings Accounts (“RIF Savings”), Tangerine Business Savings Accounts, Tangerine US$ Business Savings Accounts, or Tangerine Children’s Savings Accounts (“CSA”)."

I can confirm that business accounts are offered promos. My most recent 3 month promo
ended January 31st.
5.25% on new funds only.

My last promo was ended in Dec. 2022 at 3.50%, I got the offer with 5.25% from the "Insights". My account balance was just $2000.

Right. Maturing GICs are not counted as 'new money' for promotions.

savemoresaveoften said
think I already know the answer but I will ask anyway.
Any money coming from a Tangerine matured GIC does not qualify as new deposit promo rate ? Always the case ?  

It depends. The fine print of the "new money" offer will indicate what will be included in the "old money" or starting balance.

hwyc said
Is it true the extension for this promo (ending July 31st) is out ?  

My wife received email at 14:33 that her 5.25% expiring Jul 31 has been extended ti Oct 31.

No word on my 5.0% yet. It expires Jul 31 also.

So, the extension at 5.25% is below the 5.50%. Maybe the 5.50% is the high water mark for this cycle?

cgouimet said

Not unlike our situation.

I got 5.0 Dec to Feb or Mar. Then my wife got 5.25 Mar to Jul. Then my 5.0 stretched at 5.0 to Jul.

Now, her 5.25 is getting stretched at 5.25 to Oct.

And I'm waiting till Jul 24 or so to move my 5.0 $ unless I get extended before or maybe get a new offer after Jul.  

I'm in the same boat as you. Don't count on a double extension on the original 5% offer from December, it might be best to prepare to move your funds out and wait for another offer in September, or October. With some luck, it will be more than you're currently earning.

Alexandra said

I just got the extension until 31 October @5.25% as well even though I moved all my funds out of my HISA two weeks ago or so. It would have been for existing funds though I believe as well as new money. Not just new money.  

hmm when I look at the offer, it says on new money until 31Oct. But the e-mail to me said my current offer is extended. So does that mean if I had $50K in my HISA account on 31 July, that I would not receive interest on that from 1 Aug going forward? Anyway, I did take all funds out....but what if I had left them in?

Alexandra said

hmm when I look at the offer, it says on new money until 31Oct. But the e-mail to me said my current offer is extended. So does that mean if I had $50K in my HISA account on 31 July, that I would not receive interest on that from 1 Aug going forward? Anyway, I did take all funds out....but what if I had left them in?  

Scroll down and read thru ALL the email. Under legal, there is a statement re new deposits since MMM-DD ...