1.5-yr GIC 5.60% already in effect !? | Tangerine Bank | Discussion forum

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1.5-yr GIC 5.60% already in effect !?
August 7, 2023
5:12 am
hwyc
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As per topic name. The rate is currently seen only during the account opening.

Capture-Tangerine-1.5y-GIC.JPG

August 7, 2023
9:50 am
Rail Baron
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Has anyone been able to open an account at this rate?

August 7, 2023
10:06 am
Dean
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.
Hmmm ... It's a long weekend. Maybe someone just hasn't got around to updating their GIC rate page yet.

Check again tomorrow https://www.tangerine.ca/en/rates/gic-rates

But then again ... it might be a system glitch. sf-smile

    Dean

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

August 7, 2023
10:29 am
hwyc
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It is a glitch. Tangerine Historical Rates says it is effective as of August 5.

August 7, 2023
10:39 am
Dean
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'Glitch' ?

Naaa ... I'm sticking with my first guess

It'll all come out in the wash tomorrow sf-wink

    Dean

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

August 7, 2023
10:42 am
Rail Baron
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I could not resist the opportunity to experiment and since Tang's GIC purchase minimum is minuscule, I opened a $100 GIC for 18 months. My confirmed rate is 5.6%, and the effective date is tomorrow.

So I think it's safe to predict that Tang's 18 month GIC rate will be updated to 5.6% tomorrow.

August 7, 2023
11:23 am
Bill
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The link in post #3 shows a one-year GIC rate of 5.25%, the GIC page here shows 5.5%.

August 7, 2023
11:33 am
Rail Baron
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Bill said
The link in post #3 shows a one-year GIC rate of 5.25%, the GIC page here shows 5.5%.  

Those rates are for a 12 month GIC. The 5.6% rate is for an 18 month GIC, which doesn't appear in the GIC rate table on this site.

August 7, 2023
12:20 pm
Bill
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I know, it's off topic but I'm just pointing out the discrepancy here in the Tangerine one-year rate disclosure, didn't want to start a whole thread for that (not that I know how to).

August 7, 2023
5:32 pm
BlueSky
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Rail Baron said

Those rates are for a 12 month GIC. The 5.6% rate is for an 18 month GIC, which doesn't appear in the GIC rate table on this site.  

Those special terms like 18 months are usually noted at the bottom of the GIC chart page.

August 8, 2023
5:52 am
savemoresaveoften
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I can confirm it is in effect as of this morning.

August 8, 2023
8:29 am
Rail Baron
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savemoresaveoften said
I can confirm it is in effect as of this morning.  

Their main web site is still showing 5.5% for an 18 month GIC. sf-surprised

August 8, 2023
8:30 am
Bill
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Tangerine site still shows 5.25% for 1-year GIC, this site still says 5.5%.

August 8, 2023
8:51 am
hwyc
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It is fixed on their All Rates page now!

August 8, 2023
9:19 am
Dean
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It's also Fixed on their GIC Rates page, as well

Like I said yesterday; "It'll all come out in the wash . . ." sf-wink

    Dean

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

August 8, 2023
11:16 am
Bill
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Good, that's better.

August 8, 2023
12:47 pm
savemoresaveoften
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savemoresaveoften said
I can confirm it is in effect as of this morning.  

when i went in to purchase one, its already showing 5.6% this morning. looks like the rates info page staff dont come in to work until 9am 🙂

August 24, 2023
11:33 pm
Greedy Guy
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Latest Tangerine GICs with high rates:

1.5 yr 6.00%
1.0 yr 5.95%

August 25, 2023
1:47 am
Miked
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Wowsy 6% -1.5yr comfirmed!!! 1yr also up rest stays same
...
270 Day Guaranteed Investment 4.80%
1 Year
Guaranteed Investment 5.95%
1.5 Year
Guaranteed Investment 6.00%
2 Year
Guaranteed Investment 4.20%
3 Year
Guaranteed Investment 4.00%
4 Year
Guaranteed Investment 3.90%
5 Year
Guaranteed Investment 3.85%

August 25, 2023
5:26 am
savemoresaveoften
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vow thanks for the heads up. Tangerine now the most aggresive issuer in the 1 and 1.5y space. Their longer rates still subpar big time tho.

wife just receive the 5.85% HISA rate too.

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