3% on tax free until September 30 '09 | Tangerine Bank | Discussion forum

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3% on tax free until September 30 '09
July 1, 2009
2:10 am
Nightowl
Member
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Forum Posts: 21
Member Since:
June 30, 2009
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On the home page, the flash animation is showing 3.00% interest on TSFA until September 30. Takes about 20 sec for the animation to play.

Ok, they just updated their "Accounts and Rates page" (2:00 A.M.). It applies to current deposits.

They also increased 3,4,and 5 year GIC rates by 0.25% 24/06

July 1, 2009
2:18 am
Peter
Admin
Forum Posts: 1413
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May 15, 2007
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A bit sneaky how they don't say on the "Accounts and Rates" page that it's effectively a promo rate. However, it's definitely a good rate.

July 1, 2009
4:30 pm
Hussain
Guest
Guests

ING DIRECT talks about banks having "strings", however there promo are just that...strings attached or limited time only

July 2, 2009
4:45 pm
Nightowl
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Forum Posts: 21
Member Since:
June 30, 2009
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Just noticed they've changed the date to October 1st.

All banks are "sneeky" and have "strings attached" in one way or another.

ING used to mention "Rates, like the weather, are subject to change". Looking at their historical rates shows how often rates can change.

Not mentioning that the rate is set until Oct 1 on the "accounts and rates" page could be considered an marketing error. The flash animation on the home page takes way too long to get to the point. Visitors may miss it. A good rate for the next 90 days or so on existing and new deposits is a welcome relief to low rates.

I wish somebody would guarantee me good summer weather till then.

This is better than their "bonus interest on new deposits only" or "bonus paid at the end of the promo period" promotions they've had in the past.

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