Targeted offer for existing clients: 1.75% on new deposits until May 31, 2021 | Page 2 | Tangerine Bank | Discussion forum

fbeaulie said

suburbs4life said
What a total surprise they gave me this offer and my fiancé. (...) Any ideas on how to go about declining this offer that won’t negatively influence future Tangerine offers? I would really like to get another offer starting in April after Simplii’s promo ends... 

My wife and I have been quite lucky because we have been on a somewhat different schedule for Tangerine offers and we don't care in which account our money is. My current offer ends at the end of Februrary and she just got this one that ends at the end of May. Il will likely have another one before her offer ends. The only issue is that we used not to care that much about CIDC protection limit but now we do (we added joint accounts to help).

Again, based on my experience, not accepting an offer should not have an adverse impact. That being said, no one here knows exactly how the algorithm that decides if you get an offer or not really works. Also, they could have changed some parameters recently and our previous experience could potentially now be totally irrelevant.  

Thanks for your thoughts. Just thought I would ask. Time will tell.

COIN said

LOL! Same with Simplii --- 0.1%. It's actually to encourage you to take your money and go away.  

Just wait till negative interest rates appear.

u guys think they do it in batches ? As in if not rec a promo yet, there is still hope they invite more to partake next week ?

savemoresaveoften said
u guys think they do it in batches ? As in if not rec a promo yet, there is still hope they invite more to partake next week ?  

I don't recall having seen Tangerine doing it in batches but I might be wrong and they might have done something like that last October or November (I vaguely recall being somewhat surprised by something but I can't find exactly what it was - it could simply be that it took long for the offer to appear in my case).

Received same extension today! 😀

key excerpt from email received:

" Some continuing relief for your Savings

Your special 1.75%* rate has been extended until July 15, 2021

You may have been through a lot, but your Savings have been growing. And we think you deserve to be able to keep your Savings growing even longer. So we’ve extended your special 1.75%* interest rate until July 15, 2021. This rate will apply to all new deposits since January 7, 2021.

There’s nothing else you need to do. Your special rate will automatically be in place, so you can sit back and watch your savings grow."

Some of us has current promotion until Jun30. Thats prob why this batch has a hand picked end date of Jul 15.

Adding a 'data point'; I recently received the 1.75 % extension to July 15 (originally new money promo from Jan 7-May 31).

(offer was by email, unsolicited, and the update is now reflected in my 'Profiles & Settings/Bonuses & Contests', and was done automatically...no action required on my part)

I certainly would have moved on from Tang's .10% savings rate as the 31st neared, as I have done in the past, so this is delaying my departure...notwithstanding...

My 1.75% promotion ends on May 31, 2021.

I called Tangerine earlier this morning and short story shorter.

"No extension for you."