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Tandia promo 5 yr term 3% (ON only)
January 24, 2022
6:01 am
hwyc
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https://apply.tandia.com/promo/highoctane

Deposit special on rates page
5 Year Term Deposit 3.0% (featured on tandia.com landing splash)
30 Month Term Deposit 2.5% sf-smile
13 Month Term Deposit 1.7%

January 24, 2022
6:58 am
savemoresaveoften
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it will come handy and possibly even higher when the 3% wonderful acct ends in 2 months time 🙂

January 25, 2022
11:15 am
COIN
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savemoresaveoften said
it will come handy and possibly even higher when the 3% wonderful acct ends in 2 months time 🙂  

Using funds from the 3% "wonderful" account might not work if this promo is only for "NEW" money.

January 25, 2022
11:33 am
hwyc
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I am not able to make any sense on COIN's hypothesis - new money required for a GIC term. What's the point?

January 25, 2022
12:16 pm
COIN
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COIN said

Using funds from the 3% "wonderful" account might not work if this promo is only for "NEW" money.  

Ok, I called Tandia. Money already in the "wonderful" account will not qualify for the 3% 5 year GIC because they don't consider that "NEW" money. However, it does qualify for the 2.70% 5 year GIC.

January 25, 2022
12:20 pm
savemoresaveoften
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COIN said

Ok, I called Tandia. Money already in the "wonderful" account will not qualify for the 3% 5 year GIC because they don't consider that "NEW" money. However, it does qualify for the 2.70% 5 year GIC.  

That is interesting but with so many other FIs offering 5y at 3%, when the time comes, I will just tell them if I dont get 3% (if thats still the best rate at the time), transfer my money out pls.

January 25, 2022
12:43 pm
COIN
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savemoresaveoften said

That is interesting but with so many other FIs offering 5y at 3%, when the time comes, I will just tell them if I dont get 3% (if thats still the best rate at the time), transfer my money out pls.  

It wasn't clear from the website so I called 1-800-598-2891 and the agent said money from the "wonderful" account does not qualify as "new money" so not eligible for the 3% 5 year GIC.

January 25, 2022
1:34 pm
hwyc
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Thanks for the fact checking, COIN ... No longer a hypothesis. Still trying to make some sense out of this requirement ... or whether it is enforceable.

January 25, 2022
1:58 pm
COIN
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hwyc said
Thanks for the fact checking, COIN ... No longer a hypothesis. Still trying to make some sense out of this requirement ... or whether it is enforceable.  

It doesn't have to make sense. It is company policy. LOL!

Whenever I see a promo rate I always check to see of it applies to only "new" money and what is the definition of "new" money.

January 25, 2022
5:56 pm
hwyc
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So far, these text will only make sense to me in the context of an auto term renewal/rollover during the promo period. I now know that is not the interpretation 🙁

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