Targeted offer - 5% on new money till June 30, 2023 (extended to September 30) | Page 3 | Tangerine Bank | Discussion forum

Sure looks like the end date was just extended, this is from the terms.
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Here’s how it works:
1. We totalled up the balances of your eligible Savings, TFSA, RSP Savings and US$ Savings Account(s) as they were on February 1, 2023 to get your total balances per Account Type
2. From February 2, 2023 to September 30, 2023, you’ll earn your special interest rate on new deposits over your total balances calculated on February 1, 2023

Same here, extended to Sept 30. On June 9 they had sent an email indicating my promo rate would expire in 21 days but apparently they changed their minds. Keep their deposit base stable?

Peter: I suggest that the heading should be changed to show "extended to September 30, 2023".

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I just saw today's email from Tang, and I logged in to my Tang SA to confirm . . .

The original 5.00% offer (with all it's terms & conditions unchanged) has now been Extended to Sept. 30th, '23.

That's three (3) more months, uva sweet deal ❗

Dean

suburbs4life said
Funny thing, I called them today asking for an extension/ new promo as this offer was ending late next week. The CSR offered 3.5% for 150 days. Sure glad I declined that and said I am pulling my sizeable balance out next week if no offer is sent. 2 hrs later we receive this promo extension via email… coincidence?? Perhaps  

Same thing for me. I called last night and was offered 3.5% (or might have been 3.75%) for 150 days but I declined and got the extension email today.

suburbs4life said

Funny thing, I called them today asking for an extension/ new promo as this offer was ending late next week. The CSR offered 3.5% for 150 days. Sure glad I declined that and said I am pulling my sizeable balance out next week if no offer is sent. 2 hrs later we receive this promo extension via email… coincidence?? Perhaps  

Tang doesn't always give their CSRs a heads-up of what's about to happen.

And sometimes the CSRs don't get around to reading the memo, until it's
already happened.

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HermanH said

Didn't get any e-mail notification, but just had the deadline extended from June 30 to Sept 30.  

Maybe check your email's Junk/Spam file ... it might be there.
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Dean

Read the fine print on your extended from June 30 to Sept 30 email. My email says new money is based on my balance as of Feb 1st 2023. And of course I had a high balance on that date, so my new money has to be above that balance. Read the fine print on your offer!

lisa said
Fine Print:
Here’s how it works:
We totalled up the balances of your eligible Savings, TFSA, RSP Savings, and US$ Savings Account(s) as they were on February 1, 2023 to get your total balances per Account Type
From February 2, 2023 to September 30, 2023, you’ll earn your special interest rate on new deposits over your total balances calculated on February 1, 2023 (up to $1,000,000† per Account Type)
The rest of your Account balance will earn the current posted rate  

I think your best route would be to pull all your money out before the end of your promotional period and wait for them to offer you the newest best rate on all your money, which is 5.25% right now.

lisa said
I did pull all my money out.....and only got the extended offer on new money above the Feb 1st balance. Getting tired of the games at Tangerine.  

Go elsewhere until/unless they offer you 5.25% on all your money. Park your money in a HISA between 3-3.5%. Rates are expected to go up again in July, so there should be more 5.25% promo offers coming from other banks.

Tangerine is paying 5.25% to clients with small amouts in their accounts. This is Tang's way of paying 5% instead of 5.25% on your money. So don't be too happy. I wonder if their 5.25% offer would show up after June 30, if funds are pulled before then.