Very specifically targeted offers? | Page 5 | Tangerine Bank | Discussion forum

Wife's promo ended last week, she called today and was offered 1.5% for 90 days.

Bill said
Wife's promo ended last week, she called today and was offered 1.5% for 90 days.  

Bill said
My existing promo with Tangerine ended yesterday, called and was offered a very competitive rate on any balance in savings accounts for 150 days until December 25. Ok, sounds good, thank you, have a great day, Merry Christmas, done.

Now you can also tell us about that very competitive rate, Bill.

Good one, Winnie - you still thinking about that? I'm not nice, but my wife is, and she doesn't care if her rate's disclosed plus it's low enough that no-one will be jealous, so I did my public service today by informing others.

when my promo ended last week, I phoned and got a 1.8% rate for 6 month, 0.2+1.6 floating rate
when my wife promo ended today, she called, got 1.5% for 90 days only, so we transfer her money out and empty the account.
sick of their games...

Lodown said
I called today. Got offered 1.6% for 150 days. I had 2.8% til yesterday so I pulled everything out. My Tang account now has goose eggs.  

That will look like a good deal in a few months when no HISA is likely to pay that much.

bpwest said
Anyone have any luck with Tang recently? I called them late June, before an offer was to expire, & rec'd 2.25% for 90 days, which is now ending soon...Haven't decided if I will call, or transfer out and hope they miss me, ha.

I'm okay with playing along with Tang's 'games', always hopeful I will be among the chosen to be blessed with an offer; knock on wood, I've had pretty good luck...  

Last offer expired Aug 31 and money's out as of Sep 1. No offer. Don't phone. Don't care to play. Want my money? Make me an offer I can't refuse...and .05 over what I'm getting elsewhere doesn't cut it.

I phoned them today as my current bonus rate is expiring on the 30th. They said the best they can do is 1.6%. I thought they meant a total of 1.6%....didn't realize that it is plus the posted rate. I don't want to phone back today on that, maybe I will on the 28th.

I'll probably end up moving funds out to Motive. I might look into some of the funds being locked into the 10 yr term with interest paid annually. So frustrating right now when you are living off of interest income. Oh well, I'm better off than most people...so really can't complain.

Alexandra said
I phoned them today as my current bonus rate is expiring on the 30th. They said the best they can do is 1.6%. I thought they meant a total of 1.6%....didn't realize that it is plus the posted rate. …

It is highly unlikely the offer is 1.6% plus the posted rate instead of 1.6% total.

Tangerine Bank has never quoted me a rate that is "plus posted rate" on an offer. They have always quoted a total rate. That total rate may or may not change with the posted rate.

In Tangerine would not honor the rate agreement …, one Tangerine Bank agent misrepresented an 1.8% offer as a 1.8%-plus-posted-rate offer. Tangerine Bank did not honour what that agent said.

Spanky said
I phoned today as my 2.5% was expiring on the 30th. I accepted 1.6% until Feb.21 and the 2.5% will end today. The wording on the Terms and Conditions seems pretty clear as to what I'll be getting:
" The Tangerine Bank (the "Bank") Limited Time Interest Offer of 1.60% (the "Offer") is available to existing Tangerine Clients who receive notification that they are eligible for the Offer from a Tangerine Contact Centre Associate and who verbally accept the Offer ("Eligible Clients"). The Offer is available to Eligible Clients on all eligible deposits for a period of 150 days from the date they accept the Offer (the "Promotion Period") to a maximum of $1,000,000 ..."  

I wonder if online chat is not sufficient and you need to call in since it says clients need to “verbally” accept the offer. Hmm

Kidd said

You are 100% correct. RRSP withdrawals and GIC interest combine to maketh the tax man smile. The only answer i came up with, spread your RSSP/RRIF withdrawals out for as long as possible, meaning... start cashing out of your RRSPs yesterday. To wait until later in life to cash out, only means a larger yearly withdrawal and a higher tax rate.  

Nothing wrong with that.