Another Tangerine Promo for existing customers -- only 2.2%! | Page 7 | Tangerine Bank | Discussion forum

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Another Tangerine Promo for existing customers -- only 2.2%!
June 2, 2022
1:35 pm
COIN
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Oaken must have been happy they had locked- in GIC's when they had that "run on the bank" debacle a few years ago.

BTW: I think Tangerine (BNS) use the HISA to fund their credit card portfolio. Yes, no, maybe?

June 2, 2022
1:50 pm
Alexandra
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RicksBank said
A couple of weeks ago, my inlaws got a 2.75% bonus offer for 6 months or so as new 1st-time customers.

Ineteresting (?) that EQ, Oaken, etc are raising their GIC rates a lot but leaving their savings rates at 1.5%/1.6%. I never paid attention before. Is this expected?  

With lots of people anticipating higher GIC rates to come, they are probably cashing in their GIC's as they mature but don't want to be locked in yet. So waiting for these "promised" higher rates, they pretty well have to spread out their cash into HISA's. So a ton of money sitting in savings just waiting for the big moment. Oaken etc. know this I'm sure, so give you 1.5% instead of over 2% whilst you wait anxiously to make your move. I guess.

Anyway, after listening to many of you; I'm going to sit on my hands until after July's announcement.

June 6, 2022
12:34 pm
Greedy Guy
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I will buy GICs over the next couple of weeks/months with my savings accounts.

How low can my Tangerine savings account drop to and still receive the next promo interest later this year?

June 6, 2022
1:07 pm
cgouimet
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Greedy Guy said
I will buy GICs over the next couple of weeks/months with my savings accounts.

How low can my Tangerine savings account drop to and still receive the next promo interest later this year?  

$11.79 ...

CGO
June 6, 2022
2:06 pm
Alexandre
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Greedy Guy said
How low can my Tangerine savings account drop to and still receive the next promo interest later this year?  

$0.00

I zeroed my Tangerine Savings account on August 31, 2021 when my previous promo ended, and got the next promo offer in early December 2021.

June 13, 2022
11:25 am
implode
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ingoo said
I didn't accept the 2.2% by May 31 offer either, but no 2.8% offer for me 🙁  

Me neither. I didn't accept the 2.2% and let it expire at May 31. No new offer since.

June 13, 2022
11:27 am
implode
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savemoresaveoften said

Sorry but yeah I did not activate 2.2%. When I called in for a better offer, I declined a 2.25%  

And that 2.8% offering was offered over the phone with a call in or was it offered via an insight online?

June 13, 2022
11:50 am
JohnnyCash
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implode said

And that 2.8% offering was offered over the phone with a call in or was it offered via an insight online?  

It was targeted on Insights. Anyone calling in gets offered 2.25%. Like others, I chose not to accept the 2.2% offer in the hope that at some future date be offered something more appealing. The sense I get is that it's usually a month, or more after an offer expires before another may appear in Insights.

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