Targeted offer - 5% on new money until August 31, 2023 | Tangerine Bank | Discussion forum

I had hauled all my dough out at the end of the March 31st offer. Decided to check this morning after seeing bpwest got an offer of 5%.
YAY, I got the 5% offer as well!
A pleasant surprise

Yes, I also got the 5% offer showing up in Insights, with only email being the confirmation one after activating the Insight offer link.

I'm relieved that I didn't have to wait a month between my Tang 4.75% ending offer Mar 31, and this new 5%offer, but I'm not happy. That's simply because I seem to always be on the cycle of getting an Insight offer, 1 month before the next months slightly better offer (the previous 5.25% offer).

Why can't Tang simply satisfy my greed, instead of consistently triggering my petty and spoiled sides of my personality?

However, I know that if I kept getting the best Tang offers, it would most likely trigger my sympathy/empathy side of my personality. I'm doomed for failure, regardless of the outcome.

One bank slogan tells me that I'm richer than I think I am, but Tangerine has taught me that I'm even crazier than I think I am.

I can only imagine the emotional turmoil I would go through if Tangerine went into the sperm-bank business. Deposits and early withdrawals are already hard enough to navigate.

cgouimet said
I never have gotten, nor have I ever heard of anyone getting, a TNG Promotional HISA rate while signed up on another one. So, once you accept an offer, you will not personally receive another until your current one expires.

they do send out rate promotion extension from time to time, which is another form of their promotion. That is the only time when one still has a live promotion and receive a "new" one to extend.

ExtraSauce said
I've had two 3 month promos in a row but nothing yet. Have any other 4.75% March enders here received new promos, or shall I transfer out of Tang for now?

Thanks in advance.  

Moving funds out shortly before the ending of a promo you're on is generally recommended here in case a new offer is made to you but only on new money... Just goes to show that sometimes new money is gooder money ... 🙂

Calling to get a better offer can work, but it's hard to know what lowball offer to accept, and then how will your call affect or delay your next offer.

4.25% is a long way from 5.25%, but if you ask for 5.25% (instead of only 5%), and if you somehow get it on your first call attempt, I'm not going to call in to try for 5.25%, but I will be happy that you got it, and will also feel more like the loser I already am.

However, if Tang gives anybody at least 7%, I will boycott tangerines, and switch to another fruit. Apples or oranges wouldn't be my first fruit-replacement choice, but if that's what I have to eat to bring at least 5.25% to all the readers of this thread, I will make that sacrifice!

Warning: Fruity Pebbles cereal is too similar in taste to Fruit Loops, but that doesn't mean it's acceptable for Tangerine to expect us to keep jumping through fruit hoops for better rates.

I am guessing that the SVB fiasco resulted in money movement from smaller banks to larger ones. And juicier profits at large banks paying zilch.
So, the smaller ones (including subsidiaries) need to pay a bit more to attract $s.

In their early days, Oaken used to make a joke about how they weren't a "fruit' bank, and used this in their sadvertizing.

Local rhubarb will be in soon...

In my view, Tang does this because it gets them a lot of free advertising buzz and relatively few people look to see if they got an offer. And most people don't keep huge amounts in savings accounts. So it doesn't really cost them much at all..

I've opted out of Tang for now but spouse got 5.25% offer after a few years of nada. It will tide us over for the summer as we've been getting 4.75 elsewhere but ending soon.

My guess is that the "extensions" only happen when rates are going UP, as they'd forestall and move new newer, higher rates. That's the only time I've ever heard of that sort of move.

As rates fall, they want to kick you down a few points to the new lower rates.
RetirEd