Tangerine Interest Promo New Deposits, separated by account type? | Tangerine Bank | Discussion forum

You'd need to check the specific fine print for your promo offer, as there is some variation among the different types of "bonus interest" offers.

For each account, go to Account Details and click "more info" to see the terms and conditions specific to each account.

Vatox said
New deposits, almost always, means money not currently at that institution. Tangerine usually gives a start date. If money is in your name at that institution, moving it between accounts isn’t new money.  

The latest offer that I got from Tangerine (in January) had an example that seems to show that it is not always the case:

"Example 2: Eligible Client has $10,000 in their existing TFSA Savings on January 5, 2020. Five days later, they transfer $10,000 to their existing TFSA Savings from their Tangerine Savings Account. They also transfer $5,000 from their existing TFSA Savings to a TFSA GIC. Their balance in the TFSA Savings is $15,000 after completing the transfers. Additional Interest will apply to $5,000 of the new deposit to the existing TFSA Savings."

In addition, as far as I know, money in a Tangerine checking account has never counted :

2017: "10. (…) The following transactions will be considered Eligible Deposits to which Additional Interest will apply:
Money transferred from a Tangerine Chequing Account to an Applicable Account."

2020: "9. (…) The following transactions are examples of what will qualify as Eligible Deposits for which Promotional Interest will apply:
Money transferred from a Tangerine Chequing Account to an Applicable Account."

Edited: After reading carefully the details of my latest offer, I noted that there was a specific exclusion for transfers from TFSA to Savings Account:

Exclusions
10. Notwithstanding the above, the following are examples of the types of transactions that won’t qualify as Eligible Deposits and won’t earn Promotional Interest:
(…)
Money transferred from an RSP, TFSA or RIF Account to any Applicable Account.
(…)

It does not mean that transferring the $100 from your Tangerine TFSA to another institution (outside a TFSA) and then transferring the $100 from the other institution to your Tangerine Savings Account would not work! (I would not do that for $100...). Again, as LK wrote, you need to read carefully the specific fine print for your promo offer.