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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 🙁

May 20, 2022
11:24 am
gicjunkie
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Tandia Makes a Splash: 4.5% for 5 years

NON-REDEEMABLE LONG TERM DEPOSITS RATE
1 Year Term Deposit 2.00
18 Month Term Deposit 2.75
2 Year Term Deposit 3.00
3 Year Term Deposit 4.00
4 Year Term Deposit 3.30
5 Year Term Deposit 4.50

Minimum $500, youth/trust $100, non-redeemable. Semi-annual or monthly interest payments (min. $5,000) available at slightly lower rates. Renews for same term at maturity

https://www.tandia.com/personal/product-services/rates

May 20, 2022
12:04 pm
turquoise
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And Tandia takes the lead!
Thanks GICJunkie, you always deliver 🙂

May 20, 2022
12:13 pm
lifeonanisland
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gicjunkie said
Tandia Makes a Splash: 4.5% for 5 years

NON-REDEEMABLE LONG TERM DEPOSITS RATE
1 Year Term Deposit 2.00
18 Month Term Deposit 2.75
2 Year Term Deposit 3.00
3 Year Term Deposit 4.00
4 Year Term Deposit 3.30
5 Year Term Deposit 4.50

Minimum $500, youth/trust $100, non-redeemable. Semi-annual or monthly interest payments (min. $5,000) available at slightly lower rates. Renews for same term at maturity

https://www.tandia.com/personal/product-services/rates  

Nice! We're going to be at 6 percent sooner than we think...

May 20, 2022
12:48 pm
phrank
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lifeonanisland said

Nice! We're going to be at 6 percent sooner than we think...  

I'm not going to be tempted until we get into the double digits OR we enter a recession.

May 20, 2022
12:59 pm
lifeonanisland
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phrank said

I'm not going to be tempted until we get into the double digits OR we enter a recession.  

You won't have long to wait, methinks, for a recession. Double digit returns? I'm not so sure we'll ever see that again.

May 20, 2022
6:52 pm
COIN
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This is weird. The 4 year is only 3.30%. Is this a typo?

1 Year Term Deposit 2.00
18 Month Term Deposit 2.75
2 Year Term Deposit 3.00
3 Year Term Deposit 4.00
4 Year Term Deposit 3.30
5 Year Term Deposit 4.50

May 20, 2022
7:25 pm
Loonie
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No, I don't think it's a typo. The four year terms rarely attract promotional rates. Tandia has put its energy where they are likely to get the most business.

3.30 was their four year rate last time I checked, on May 3. They just haven't increased it like they increased the others.

May 21, 2022
6:25 am
COIN
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I just called Tandia and the lady said the actual 4 year rate is 4.20%. The 3.30% on the website is a typo.

Question: How safe is Tandia? I doubt we can go through another Pace and/or a Home situation again.

May 21, 2022
1:09 pm
Loonie
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Ah-hah! I guess they just forgot to update that one.
Good to know.

May 21, 2022
2:26 pm
turquoise
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COIN said
Question: How safe is Tandia? I doubt we can go through another Pace and/or a Home situation again.  

My opinion is that as an Ontario credit union, Tandia is as safe as any financial institution in Canada, up to insurable limits ($250,000 regular deposits, unlimited registered deposits).

I put CDIC and FSRA on the same level. I don't deal with Manitoba credit unions, even though I do not think that any of them are at risk -- and if one were to falter a bit, it would be scooped up by another credit union. But still, I'm personally more comfortable with CDIC and FSRA.

You mentioned Home Trust -- if you were within insurable limits for Home Trust and/or Home Bank, then you were never at any risk.

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