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Email this2:02 pm
May 28, 2013
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Curious - I had received no communications from Tangerine about my 2.5% rate which ended on April 30, but when I went to look today at the terms of that offer which started in November, they had already unilaterally extended it to July 31! And they will still use the bank balances of last November 4 to determine what is 'new money'. So, my money stays with Tang for another 3 months. And right now, Tang is the best place I can find to park US$, which also earn the 2.5% rate.
2:17 pm
December 18, 2018
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Got 2.5% offer today until July 31rst 2020, for any money (new or existing).
I actually received the notice ahead of time, on april 23 saying the 2.5% offer would be coming on May 1rst.
5:03 pm
September 29, 2017
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I just checked and received the 2.5% rate for ALL savings accounts, including USD (WOW) but my wife did not. The rate offer is from May 1 to Sep 30, 2020.
6:47 am
March 30, 2017
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I had 2.5% expired Apr30. Never activate that one. Rec 2.5% till Sep30 for new deposits. This time it includes the US savings too (which I had promotions before but not the last one which I chatted and complain about it).
It definitely feels like declining their offers (when its shitty) increases your chance of getting new offers with better terms may be
This lines up well with Simplii 2.8% which ends Apr30 and they wont budge offering me anything at all, even tho they extend 2.8% to "selective" client.
2:01 pm
September 24, 2019
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I also got offer of the 2.5% from 01May2020-30Sept2020 on new money. I was on to them this time. So I transferred all the money out of my savings with them to Oaken a few days ago then transferred it back with more to Tangerine today. Otherwise, the funds in there on April 30th would have only got .3%.
Unfortunately, the only "savings" type account they are not giving the 2.5% is on RIF savings accounts.
I see they are still offering 2.8% for new clients.
7:37 am
December 18, 2018
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Many people seem to be getting 2.5% from May 1rst till sept 30th, I only got it until July 31rst 
I hate Tangerine sometime ...
8:03 am
February 16, 2013
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chamnic said
Many people seem to be getting 2.5% from May 1rst till sept 30th, I only got it until July 31rst
Hi Chamnic,
You are not alone. I got the same offer. Better than nothing, right?
8:08 am
May 15, 2007
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My offer expired on April 30 and I did not receive a new offer.
10:21 am
April 2, 2018
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Mine expires on May 31. Money will go out in anticipation of 2.8% offer.
9:00 am
May 6, 2020
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I have a checking account with Tangerine. I asked for the rate 2.8% but they said the promo does not apply to TFSA and must be a new customer? Is it right? Thanks
10:56 am
April 6, 2013
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That depends on the offer.
There are at least three different Tangerine offers:
- 2.80% for 5 months for any new clients who join and open first savings account by July 30.
- 2.50% until July 31 on all money for certain targeted clients.
- 2.80% on new money until August 31 for certain targeted clients.
11:34 am
September 29, 2017
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4. Another offer is 2.5% on most savings accounts, including USD, TFSA, & RSP, for SELECT / TARGETED clients, from May 1 to Sep 30.
11:43 am
October 29, 2017
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smayer97 said
4. Another offer is 2.5% on most savings accounts, including USD, for SELECT / TARGETED clients, from May 2 to Sep 30.
Hopefully something similar to that on June 01 when my existing offer ends.
8:51 am
March 21, 2017
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Good while it lasted, bye bye Tang & your 0.2% 🙂
9:19 am
October 27, 2013
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FWIW, big banks can borrow at 0.1-0.2%. No reason for Tangerine to pay more. Simplii is in a similar situation.
I think they play the promo games as a study in customer psychology. May help in building algorithms.
10:01 am
October 29, 2017
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GreatWhiteNorth said
Good while it lasted, bye bye Tang & your 0.2% 🙂
Yep, I’ve been a client since the ING Direct days, but now my money has moved out. There has been pretty low savings interest before (0.8%), but the GICs were decent so I just bought them and left minimal money in the savings. But now everything stinks!
Edit: this the first time, ever, that I’ve only had a couple dollars, total, across all my Tang accounts!
6:59 am
May 9, 2012
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AltaRed said
I think they play the promo games as a study in customer psychology. May help in building algorithms.
It will be interesting to see if Tangerine sends future rate offers to those of us that moved money in and then out only for this 2.8% offer.
12:08 pm
October 27, 2013
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There is no reason for Tang or anyone else to offer 3-4-5 month promos for more than the current 'competitive' HISA rate, e.g. circa 1.5-1.8%. People likely already know how HISA rates have trended down the last 3 months.
12:26 pm
March 21, 2017
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AltaRed said
There is no reason for Tang or anyone else to offer 3-4-5 month promos for more than the current 'competitive' HISA rate, e.g. circa 1.5-1.8%. People likely already know how HISA rates have trended down the last 3 months.
Apparently there is 🙂 ... they've been doing it for # years, just targeted, not open to everyone.
1:39 pm
December 15, 2016
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AltaRed said
There is no reason for Tang or anyone else to offer 3-4-5 month promos for more than the current 'competitive' HISA rate, e.g. circa 1.5-1.8%. People likely already know how HISA rates have trended down the last 3 months.
Perhaps you should send TING a note and advise them to quit offering new clients 2.5% and give them 1.5% instead?
No reason you say ?? Imo, there are also other reasons that they keep on playing their silly games that we and you are unaware of.
Please write your comments in the forum.