Tangerine New Offer | Page 5 | Tangerine Bank | Discussion forum

pooreva said

This is great advise but I doubt Tang will send new promo offer Immediately after current expired.

I checked my Tangerine "Bonuses and Contests" page, and you are right: that does not happen very often. Yet, in 2018 I had three promo offers, all back to back. Only offers I had that year.
Also two in 2015 back to back, also only offers I had in 2015.

Usually for me there is at least 5 days between Tangerine offers I am getting, could be month and more, could be 1/2 year between, but these were when one ends next one starts next day. For new money only, obviously.

Gave up talking issues with them over the phone. Feel like a beggar going hat in hand to ask for a better rate. Even when I did call, there would be a different answer from different CSR's. That, and the phone offers don't seem to be as good as the promos. They want my money, they can come to me...or just offer competitive rates to begin with. I'm not one to forget about where my money is and let it sit in Tang at 1/20th of their promo rate. Funds all qued up and on their way to greener pastures when the latest promo expires on Sunday. More than happy to collect double interest over the weekend. If there is another offer next week, it will have to be better than .05% above what my other FI's are offering if they want them back.

Loonie said
I would call them, and then move the money out if offer not satisfactory.
Record the conversation on your phone. Make sure they say it is for all HISA funds, now and future, until such and such date, and whether it includes registered. Get them to say all this BEFORE you agree to it. Otherwise, they might say something different after you agree - happened to me once.

Generally, there is not much point in moving the money out after the offer has expired and then trying to get a new deal after that. But they can always change their procedures!

I didn't know they had cancelled Chat. Less and less service every month with Tang! Maybe they didn't like the fact that people had transcripts of what they'd said, from which they could quote.  

So, I called them and was offered 1.4% until July 26, 2021 (their standard 5 month offer). I accepted. My only other recourse would have been to move my money to Achieva for 1.2%, so clearly I accepted Tangerine's offer and avoided the headache of transferring out.

Note: Before they offered me the promo rate, they will ask you, "if worst case we cannot offer you a higher rate than their standard, what are your intentions?" I was honest and said, "you'll see that I have several linked accounts with other institutions, and I would have to move my funds out of Tangerine and into Achieva". They then asked what rate are they offering, I told them 1.2%, and that's when they offered the 1.4%. I accepted.

smayer97 said

moneyhelp said

... My only other recourse would have been to move my money to Achieva for 1.2%... 

Actually, your other recourse is to move your money to CDN Tire Bank for 1.8%, Bridgewater or Motive for 1.55%, EQ or Wealth One for 1.5%, or if you are willing and have the room, to a TFSA from EQ Bank's TFSA for 2.3%, CDN Tire for 1.8%, Motive for 1.55%, or Wealth One for 1.5%.  

The operative word was "my", as in my only recourse was Achieva, as I don't have accounts in any of those other FI you listed.

smayer97 said

The implication of my answer is that your recourse, like for everyone else, is to actually open an account. You clearly did so with Achieva and Tangerine at some point.  

True, but to now have to open another account in my arsenal of accounts, just seems more of a hassle and for me, its not worth it.

smayer97 said

Yes, I appreciate that...everyone has to weigh the effort ... the point I am making is that it is not your only recourse but rather a personal choice.  

It is personal, I just thought that was implied, but perhaps I should have been more specific. Cheers.

Loonie said

I calculated recently that I have some kind of account at about 20 different FIs - and am always thinking about opening another one!
Opening them is a PITA; otherwise, I'd have even more! But once they are set up, it's fairly easy to manage them.  

20 bank accounts and always thinking about opening another - as they say, whatever turns your crank!

topgun said

I opened new accounts after getting senior status at 59 or 60. Free banking.   

If you have idle senior checking account with Scotiabank, check if their upcoming fee changes will impact you. That type of account will have monthly fee soon.

Slybanking said
Last news on Tangerine rate offers: I had an offer finishing today on a good amount, just finished chatting with a rep and best offer was 1.3% for 150 days so I declined and ask for a full balance transfer. The rep said he understood and executed the transfer.

That's it.

Good saving everybody.  

You have a better choice CT 1.8% EQ 1.5% RSP2.3% TFSA2.3%