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Tangerine USD Savings Account is 0.80%

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Tangerine USD Savings Account is 0.80%

January 7, 2019
10:38 am

Shawguy

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I think it went up a few weeks ago, but I noticed that the Tangerine USD Savings account is now 0.80% which is now higher than Hubert Financial who is still at 0.75%

Just thought I'd share.

January 8, 2019
4:00 pm

dentgal

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I lucked into a 3% USD 1 yr GIC at RBC about 1 month ago. Although I don't have a ton of USD, it still made sense to buy the GIC.

January 8, 2019
9:05 pm

implode

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Hmm, 0.80% vs 0.75% I guess it's time to make a bit of a move.

dentgal, you scored good. 3% on USD in Canada. Wow.
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Update: while looking at Tangerine, I see they also have a 3% USD GIC 1 year. Sounds like I'll move funds to Tangerine, put some into savings at the slightly better 0.80% and put another chunk into the 1 year GIC at the 3% rate.

January 9, 2019
1:08 am

Loonie

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I've not dealt with Tang for USD. I have a USD account at Big Bank which is doing nothing. It's only a few thousand so it hasn't been a priority to put much effort into it yet. Also, I don't use USD any more so its purpose is uncertain except as a hedge, but too small to help really.

Can anyone tell me, what is the process for moving USD to Tang? Does it have to pass through Cdn first - in which case the exchange x 2 would make it not-worthwhile. Can it be transferred directly by EFT like our Cdn accounts? I suppose I would need to keep the existing account open in order to get it out again?

I should perhaps add that the BigBank account has no cheques.

January 9, 2019
4:26 am

Shawguy

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You can link a USD account at another bank as one of your 3 external bank accounts at Tangerine to send and pull in USD. It works.

January 9, 2019
5:52 am

Loonie

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Thanks, SG.
Tang only allows 3 external accounts, so it would be restrictive if you weren't using it very much.
Does anyone know if it can be linked to an external non-chequing USD account? If I remember correctly, Tang normally requires a cheque, but it's been quite a few years since I set up links there.

January 11, 2019
8:26 am

Pipersierra

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Is it possible to hold US GICs in a Tang TFSA? Or do they have to be unregistered?

January 11, 2019
8:46 am

Top It Up

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Pipersierra said
Is it possible to hold US GICs in a Tang TFSA? Or do they have to be unregistered?

https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/rc4466/tax-free-savings-account-tfsa-guide-individuals.html#P44_1121

January 11, 2019
10:33 am

Pipersierra

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Thanks, but i meant specifically at Tangerine. Just wondering if anyone here has done that with their Tangerine TFSA. I didn't see it specifically allowed or disallowed on the website.

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