Tangerine Summer 2017 promotion | Page 9 | Tangerine Bank | Discussion forum

Though .25% only amounts to $260 for 90 days I was on the phone for no more than 2-3 minutes. I think my time was well spent.

dannywg, what's your promo history with Tangerine? Where you on an existing bonus of any kind when they called?

I see, thanks, dannywg. I'd been on a number of 2% Tangerine promotions for a year or so and then the end of last quarter (June), based on info from this site, I pulled my money out to see what would happen and sure enough about July 5 I got offered 2.97%. Money came back, so I don't imagine they'll call me as I'm on that promo until Sept 30, so I guess I'll pull my money out in the last week of September and see if I get another good rate offer a few days after quarter-end.

Loonie said
There's no reason not to pull it out at the end of September, for any of us. Maye they've figured that out and are trying to pre-empt it with these phone offers - for some people.

dannywg:
I'm wondering if you would be willing to tell us if you had a lot or a little in funds to put in Tangerine. It would be interesting to know what sorts of accounts they are targeting.  

dannywg said...."Though .25% only amounts to $260 for 90 days I was on the phone for no more than 2-3 minutes."

In order to get $260 extra for 90 days @ .25% he has to have approx. $425,000 in the account.

I just realized that banks/FI are now like insurance companies; it doesn't pay to be a faithful customer. You have to leave them and move your money/business around if you want the best deal. We live in a 'funny' world... You are rewarded for NOT being a faithful customer

Correct, moneyhelp, that's what people on here were saying, i.e. take out your money before the end of March, June, September and December and 5 days into the next month you'll get a sweet offer. And sure enough that's what happened to me too the first time I tried it. Of course, either only so few people are doing "The Manoeuvre" that Tangerine doesn't care or else they're on to us being on to them that they'll change it up at some point and then we'll have to stop liking Tangerine, until somebody figures out the "New Manoeuvre" and then we can like Tangerine again, and so on.

moneyhelp said

Hey Bill,

I got the same offer, but after reading several other posts on Tangerine promo offers, they usually send their email offers on the 5th of the quarterly month, so you want to have removed the funds before then. Not sure if this is correct, but that's what I did during the last promo and sure enough it worked!  

No guarantees. I did not get an offer for summer 2016 (I think it was that one). Moved it all out and lo and behold, I got a fall offer. BTW... I've been moving it out to Tang checking on the 3rd of the month of the next promo, then back in on the 5th.
Worked so far.

Bill, I thought Rick meant he moves $ from savings to chequing ("checking") on the 3rd & back on the 5th. As Tangerine's email offers go out on the 5th, I am now assuming they are using an algorithm that looks for savings accounts with significantly lower balances on the 3rd or 4th versus something like the previous 30 days' average. It can't be the qtr end balance, as that's zero for so many of us.

Oh, right! Thanks DavidAlta13.

In my case, I didn't get an email, it appeared on my online account page July 5. I had my money out to other banks by about June 25 so had almost zero on June 30.

Chuck21, have you transferred out more than $25K per day online successfully before? Is this daily limit a new "feature" for you, did they say? Does the limit apply if you do it by phone? Anything in your history with Tangerine that might be the reason for this?

Chuck21, in case you haven't considered any holds, Hubert's is 4 business days, and EQ's is 5. If you use others, check their hold periods. I don't have or use a Tang chequing account, which would avoid the holds but would pay no interest.