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Email this4:07 pm
December 1, 2016
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I received a Tangerine email promotional offer of 4.50% that runs from October 1st, 2024 to February 28th, 2025 today and states that this rate will apply to new money you brought into the account since July 4, 2024.
I had moved all my funds from Tangerine this week to Achieva since my current Tangerine promo rate was ending at the end of this month, so now I have to send it back since Achieva rate is 3.25% but I'll have to wait out the holding period before I can send it back to Tangerine.
12:41 am
June 15, 2016
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moneyhelp said
I received a Tangerine email promotional offer of 4.50% that runs from October 1st, 2024 to February 28th, 2025 today and states that this rate will apply to new money you brought into the account since July 4, 2024.I had moved all my funds from Tangerine this week to Achieva since my current Tangerine promo rate was ending at the end of this month, so now I have to send it back since Achieva rate is 3.25% but I'll have to wait out the holding period before I can send it back to Tangerine.
I also got the extension. My extension rate is higher than yours at 5.25%, but duration is shorter than yours ( mine is only for 3 months)
I had the 5.75% new deposit offer from May, 2024 to September 30, 2024. Offer was expiring in a few days.
Got an email yesterday extending the offer from October 1, 2024 to December 31, 2024.
But now the extension is for 5.25% instead of 5.75%.
BOC rates have gone down, so not surprised Tangerine is reducing it's offers too. Good I got the offer, otherwise I was planning to move all the money out on September 30.
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XXXXXX, on October 2, 2024, we’ll send an email with details about activating this new Savings offer.
Here’s what else you need to know:
You’ll earn 5.25%* interest from October 1, 2024 until December 31, 2024
This will apply to existing and new Tangerine Savings Account(s), including RSP, TFSA and US$
This will apply to the new money you brought to your Account(s) since May 7, 2024
Remember to activate your special rate and keep your new deposits in place to make the most of your offer.
3:40 pm
December 1, 2016
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So that's interesting, this makes me wonder, would it be better to have a rate of 4.50% for 5 months or 5.25% for 3 months?
Clearly the 3 month promo offers a better rate, however, if you leave it at 4.50% you don't have to go through the hassle of moving money to another FI. If you know you'd get another promo rate after the 3 months, then sure the 3 month rate could be better, but alas, we don't know this.
4:09 pm
April 21, 2022
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moneyhelp said
So that's interesting, this makes me wonder, would it be better to have a rate of 4.50% for 5 months or 5.25% for 3 months?Clearly the 3 month promo offers a better rate, however, if you leave it at 4.50% you don't have to go through the hassle of moving money to another FI. If you know you'd get another promo rate after the 3 months, then sure the 3 month rate could be better, but alas, we don't know this.
I think that's what Tangerine is counting on.
5:53 am
December 1, 2016
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So, this is interesting. The email that was sent to me at end of September about the offer I mentioned, now when I log into my account with the activation link, the rate changed to the 5.25% for 3 months and only applies to "new" money.
I did not click on the activate button, rather, I called Tangerine, spoke with an agent letting them know about the discrepancy in rate and T&C about "new"money, since the 4.50% offer for 5 months was for money that was in the account since July 4, 2024 (this was key), as I had transferred funds this past week from Achieva back to Tangerine.
They placed me on hold for 5 min and then the agent simply reiterated the 5.25% promo rate (there was a bit of a language barrier) and that the funds I transferred in (the ones still currently on hold) would qualify for the promo rate. I asked them if they can honour the lower rate for 5 months instead. They said they can only offer the 5.25% offer since that is what is showing in their system, however, they also said they can provide feedback to the marketing team that in future promo rates that would be offered to me would be for longer period of time (likely at a lower rate).
Again, sure the 5.25% rate is better, but I'd rather have the 4.25% rate for longer and not have to go through all this (money transfers) again in 3 months, that's just me.
11:03 am
January 16, 2017
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rfdm4g4g9 said
------
XXXXXX, on October 2, 2024, we’ll send an email with details about activating this new Savings offer.
Here’s what else you need to know:You’ll earn 5.25%* interest from October 1, 2024 until December 31, 2024
This will apply to existing and new Tangerine Savings Account(s), including RSP, TFSA and US$
This will apply to the new money you brought to your Account(s) since May 7, 2024
Remember to activate your special rate and keep your new deposits in place to make the most of your offer.
Did anybody who received the first email receive the second one ?
1:34 pm
December 1, 2016
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AlainJF said
Did anybody who received the first email receive the second one ?
I only received one email but when logging into my account, under insights it showed the 2nd rate promo instead.
4:09 pm
April 15, 2023
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Only received the 1st email back on Sept 26 - 5.25% to 12/31 and since then nothing else. Nothing in my Insights either.
Just been told by a CSR that they're having an issue with the 2nd emails, which they anticipate will be fixed by tomorrow (FWIW).
10:37 pm
October 4, 2018
Online
RM485 said
Only received the 1st email back on Sept 26 - 5.25% to 12/31 and since then nothing else. Nothing in my Insights either.Just been told by a CSR that they're having an issue with the 2nd emails, which they anticipate will be fixed by tomorrow (FWIW).
I'm in the same boat as you. I just received the first email and was under the impression that I would have received the second email today on Wednesday October 2, 2024. But nada. Thanks for the heads up regarding that Tangerine is having technical difficulties or what have you with the second email.
9:43 am
October 4, 2018
Online
I never received the second email from Tangerine but I just saw this in my Insights when I logged into Tangerine, "Activate a special 5.25%* Savings rate here to help you save more!" I think I'm going to pass on this promotional offer and move my funds to Simplii Financial for the 5.5% promotional offer until November 15th. Then after that I will move my funds to Motive Financial for the 5.75% promotional offer for 120 days.
I'm hoping if I don't accept this 5.25% Tangerine promotional extension they will offer me something down the line. Any thoughts?
12:49 pm
December 1, 2016
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Top Dogg said
I never received the second email from Tangerine but I just saw this in my Insights when I logged into Tangerine, "Activate a special 5.25%* Savings rate here to help you save more!" I think I'm going to pass on this promotional offer and move my funds to Simplii Financial for the 5.5% promotional offer until November 15th. Then after that I will move my funds to Motive Financial for the 5.75% promotional offer for 120 days.I'm hoping if I don't accept this 5.25% Tangerine promotional extension they will offer me something down the line. Any thoughts?
Yea I wouldn't accept it, not sure how the Tangerine "Algorithm/system" works, but thinking if you accept too many, maybe you reach a threshold before they can offer a new one to members, I dunno.
7:25 pm
October 4, 2018
Online
moneyhelp said
Yea I wouldn't accept it, not sure how the Tangerine "Algorithm/system" works, but thinking if you accept too many, maybe you reach a threshold before they can offer a new one to members, I dunno.
Hi,
Thanks for the reply. Yea I was thinking along the same lines as you. I moved my funds out of Tangerine and into Simplii Financial today for the 5.5% promotional offer until November 15th. I'm gonna call Motive Financial tomorrow to see if I qualify for the $100 E-Gift Card for referring a friend until October 31st. If I qualify for that then I'll proceed to move my funds from Simplii Financial to Motive Financial before the end of October.
Thanks again,
TD
8:10 am
February 7, 2019
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Top Dogg said
Hi,
Thanks for the reply. Yea I was thinking along the same lines as you. I moved my funds out of Tangerine and into Simplii Financial today for the 5.5% promotional offer until November 15th. I'm gonna call Motive Financial tomorrow to see if I qualify for the $100 E-Gift Card for referring a friend until October 31st. If I qualify for that then I'll proceed to move my funds from Simplii Financial to Motive Financial before the end of October.
Thanks again,
TD
My spouse and I each have TNG accounts and each have a Joint account with the other. So four HISA's between the two of us.
Since Sep 2021, one of us has been on a promo with $200k CDIC coverage. It may have started earlier but that's when I started recording our offers history.
And, at least 50% of the time, we have overlapping offers thus allowing us to move funds out of the one of us expiring.
| CGO |
11:40 am
September 29, 2017
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If I understand your setup correctly, you each have individual HISAs, and each have joint HISAs with each other, where each one is the primary.
If this is correct, this means you can have up to $300K covered by CDIC, $100K in each individual account, and $100K in one of the joint accounts. That is the optimal setup, for both CDIC coverage, and the possibility of increasing your access to promos.
Include another trusted person, say a child, and you increase all of this even more, exponentially, because you can have joint accounts with 2, but then also with 3, each of those joint accounts (2 vs 3) treated as independent by CDIC.
12:06 pm
April 14, 2021
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smayer97 said
Include another trusted person, say a child, and you increase all of this even more, exponentially, because you can have joint accounts with 2, but then also with 3, each of those joint accounts (2 vs 3) treated as independent by CDIC.
I think that the Joint Accounts are cumulative. If you have a joint with your wife for $100K and another $100K with your son, only $100K is covered. If the bank goes down, I do not think that you can claim $100K joint insurance with your wife and then $100K with your son. Also, I don't think that your son can claim $100K for his joint coverage with you, because of your other joint account with your wife.
12:07 pm
February 7, 2019
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smayer97 said
If I understand your setup correctly, you each have individual HISAs, and each have joint HISAs with each other, where each one is the primary.If this is correct, this means you can have up to $300K covered by CDIC, $100K in each individual account, and $100K in one of the joint accounts. That is the optimal setup, for both CDIC coverage, and the possibility of increasing your access to promos.
Include another trusted person, say a child, and you increase all of this even more, exponentially, because you can have joint accounts with 2, but then also with 3, each of those joint accounts (2 vs 3) treated as independent by CDIC.
Yes. BUT while one of us is on a promo, it's $200k at the high promo rate, $300k at the high promo rate while on overlapping promos.
| CGO |
12:39 pm
September 29, 2017
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HermanH said
I think that the Joint Accounts are cumulative. If you have a joint with your wife for $100K and another $100K with your son, only $100K is covered. If the bank goes down, I do not think that you can claim $100K joint insurance with your wife and then $100K with your son. Also, I don't think that your son can claim $100K for his joint coverage with you, because of your other joint account with your wife.
Nope. that is somewhat incorrect. Though all individuals on any given account would only have one claim on that account, each account that has a unique name is treated independently. So, the son would have a separate claim than the mother/wife on different accounts.
For example, you have joint with wife and wife has joint with son. You would have a claim up to $100K on the joint account with wife. Son would have up to $100K claim on joint with mother/wife. The confusion is what the mother's/wife's claim would be. It would be whatever the other joint person is not claiming out of the $100K.
And if there is another account with say 3-way joint, that is then treated as a separate $100K claim, which could be claimed by the father, as he is unique.
see here: https://www.cdic.ca/depositors/whats-covered/deposits-held-in-more-than-one-name-joint-deposits/
Key wording is "per set of joint owners" and "If you have another joint account with a different joint owner(s) at the same institution, you will receive additional coverage for those deposits, for up to $100,000." From the example provided at that link, it would mean that the son could claim up to $100k, instead of the father/husband on that third joint account, instead of aggregating under the father/husband's limit.
12:42 pm
September 29, 2017
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cgouimet said
Yes. BUT while one of us is on a promo, it's $200k at the high promo rate, $300k at the high promo rate while on overlapping promos.
True.
1:44 pm
April 6, 2013
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HermanH said
I think that the Joint Accounts are cumulative. If you have a joint with your wife for $100K and another $100K with your son, only $100K is covered. If the bank goes down, I do not think that you can claim $100K joint insurance with your wife and then $100K with your son. …
CDIC coverage on joint accounts is joint and not severable. Individual joint owners do not have a claim individually.
You and your wife have a joint claim together. You and your son have a separate joint claim together. CDIC cheques will be issued payable to each set of joint owners jointly. CDIC cheques will not be issued to each joint owner individually.
See joint owner example from CDIC:
$75,000 joint savings account with your spouse
$50,000 joint chequing account with your spouse
$150,000 joint savings account with your child and spouse
$275,000 totalYou will receive coverage for $100,000 of the $125,000 ($75,000 + $50,000) held in joint name with your spouse and coverage for $100,000 of the $150,000 held in joint name with your child and spouse.
2:10 pm
August 30, 2023
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cgouimet said
My spouse and I each have TNG accounts and each have a Joint account with the other. So four HISA's between the two of us.
Since Sep 2021, one of us has been on a promo with $200k CDIC coverage. It may have started earlier but that's when I started recording our offers history.
And, at least 50% of the time, we have overlapping offers thus allowing us to move funds out of the one of us expiring.
@cgouimet: So between me and my spouse I need only 3 accounts as the max CDIC coverage could be $300k (me+spouse+joint) and I do NOT need 4, correct?
I would need 4 for overlapping promos, as the promo only goes to the primary in a joint account? Is that so?
I just want to confirm this with you as I would like to have a similar setup with TNG.
Also how do you do the transfers between accounts between you and spouse? Is it through interac e-Transfer?
Thank you!!
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