Simplii is a different kettle of fish, they will sometimes announce a promo several days into a month, only to snapshot it a few days prior to the end of the preceding month.

pentel said

This makes it difficult to make decisions. I have one month left with Simplii at 3.5%. Tangerine is offering at 4.5%. If funds previously from Tangerine now at Simplii are not counted as new funds when moved back to Tangerine, then I should just stay at Simplii to earn interest.  

Depends on the posted date that the funds were withdrawn from Tang. If the funds were still in an eligible account after the promo snapshot, then no promo rate for you. If the funds were taken out prior to the snapshot, they are eligible for the promo rate. Easy-peasy. Find it prudent to move the funds out of the Tang HISA into the Chequing account a few days prior to the end of the promo. Sometimes the start date of the next promo is on or close to the end of the previous promo. I'm currently on Coast Capital's 4.35% so didn't bother accepting Tang's 4.25 this time.

COIN said
Do clients get selected for an offer depending on where they live? Or, is it really monkeys throwing darts at a wall?  

Are we certain it is darts they are throwing? 🙂 Joking aside...

pentel, to give you an idea how a Tangerine offer works, the following bits are taken from the "Full Offer Terms and Conditions" of my recent Tangerine offer:

Here’s how it works:

1. We’ve totalled up the balances of your eligible Savings as they were on May 4, 2026 to get your total balances per Account Type.

2. From May 5, 2026 to July 31, 2026, you’ll earn your special interest rate on new deposits over your total balances calculated on May 4, 2026 (up to $1,000,000.00 per Account Type).

3. The rest of your Account balance will earn the current posted rate.

The following transactions are examples of what will qualify as Eligible Deposits for which Promotional Interest will apply:

a. Money transferred from a Tangerine Chequing Account to an Applicable Account.

b. Money transferred from another financial institution, including the Eligible Client’s linked account, Tangerine email Money Transfer, or Interac e-Transfer®, to an Applicable Account.

Similar terms are found in my current Simplii offer:

Interest on each Eligible HISA is calculated as follows:

• Regular Interest is calculated daily at the current rate applicable to the Eligible HISA balance on each day’s full closing balance;

• Promotional Interest is calculated daily on each day's closing balance that exceeds the closing balance as at March 2, 2026 (the “Additional Balance”) beginning on the enrolment date until the end of the Offer Period;

For this offer, Simplii does not provide examples from where the "Additional Balance" may originate.

In the examples above, the "total balances calculated on" and "closing balance as at" dates are the "snapshot" balances and dates to which Poor Richard referred.

I encourage you to read through the terms and conditions for your specific offer. If you are still uncertain whether or not your new funds will qualify for your promotion, copy/paste the terms and conditions of your offer here and someone will certainly be able to provide guidance.

COIN said
How do you guys get all these offers? After a long long time I recently got an offer from Tang but haven't heard from Simplii since forever.

Do clients get selected for an offer depending on where they live? Or, is it really monkeys throwing darts at a wall?  

Recent Scientific Studies have now confirmed...it's definitely The Monkeys❗

Dean

Poor Richard said
Depends on the date you moved the money & the account they were in. Don't deal with Simplii, but imagine it is similar to my Tang offer. They take a "snapshot" of any funds in all eligible accounts as of a specific date. If the funds were moved out of any eligible account prior to the snapshot, then funds moved back in after the snapshot qualify as new funds. If they were moved out after the snapshot was taken, then no. Last time I checked, Tang does not include their checking account as an eligible account, so if funds were in the checking account, then they would count as new funds when moved into an eligible account.  

This makes it difficult to make decisions. I have one month left with Simplii at 3.5%. Tangerine is offering at 4.5%. If funds previously from Tangerine now at Simplii are not counted as new funds when moved back to Tangerine, then I should just stay at Simplii to earn interest.

COIN said
How do you guys get all these offers? After a long long time I recently got an offer from Tang but haven't heard from Simplii since forever.

Do clients get selected for an offer depending on where they live? Or, is it really monkeys throwing darts at a wall?  

Just luck I guess. I don't get it a lot. Just my second time I'm getting it from Tangerine.

Do clients get selected for an offer depending on where they live? Or, is it really monkeys throwing darts at a wall?

I get a lottery special rate from Tangerine. So I move $50K from Royal Bank to Tangerine. When the Tangerine offer expire, I get an special rate offer from Simplii Financial. I move the $50K from Tangerine to Simplii.

Next Tangerine comes up with a new offer, and I move the $50K from Simplii to Tangerine. **Is this $50K considered as new funds at Tangerine?** Because a few weeks back I had the $50K in the Tangerine account, I took the $50K out and now I'm putting the $50K back to Tangerine to take advantage of the rate offer.

When the Tangerine offer expires, I will withdraw from Tangerine and put the $50K back to Simplii Financial (assume there is a new rate offer), is the $50K back to Simplii Financial considered a ** new funds? **

#1 For Tangerine: Depositing funds back to Tangerine after a few weeks have passed, is that new funds?
#2 For Simplii Financial: Depositing funds back to Simplii after a few weeks have passed, is that new funds?

There is an additional network fee of 0.09% that Mastercard receives for its network to accept Mastercard cards.

Lots of businesses are like that. Hudson's Bay Company used to lose money 3/4 of each year. The money they made in the last quarter of the year more than covered the losses in the first three quarters.

TeraKaktos said
How does Chexy make money? Wouldn't it still often lose money especially on premium card cardholders with its surcharge charged to users that is lower than the highest card processing fees borne by merchants to the best of my knowledge?  

just like all fintech, they don't make money at the get go. look at how much money youtube, whatsapp etc lost every quarter at the beginning, while offering a free to use product ! yet they survived and does well now (and they make money on their own, not just cuz they get bought out by stronger competitors)