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GIC Rates Increase
March 10, 2022
6:36 am
GR
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New higher GIC rates include:
9 months 2.11%
1 year 2.25%
18 months 2.50%

https://www.tangerine.ca/en/rates

March 10, 2022
7:06 am
hwyc
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Nice. 1-yr rate will be top of the chart sf-smile

March 12, 2022
6:55 am
Jim Sherat
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Wow, 1.90% to 2.25% is quite the jump!
Tempting, but I have never dealt with Tangerine, and not sure about the wisdom of adding another FI to the stable ??
Reviews on this site are quite old...3yrs and back ...
How would their online banking re transfers in and out, buying GICs, Joint GICs? compare to Hubert or EQ ? thanks

March 12, 2022
8:19 am
cgouimet
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And it looks like you still have to call in to make a GIC Joint, even when you already have Tangerine Joint Accounts ...

CGO
March 12, 2022
10:18 am
savemoresaveoften
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if anything the 1y at 2.25 or 18mth is slighly tempting.

March 12, 2022
4:16 pm
frugal lady
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Jim Sherat said
Wow, 1.90% to 2.25% is quite the jump!
Tempting, but I have never dealt with Tangerine, and not sure about the wisdom of adding another FI to the stable ??
Reviews on this site are quite old...3yrs and back ...
How would their online banking re transfers in and out, buying GICs, Joint GICs? compare to Hubert or EQ ? thanks  

I refused for a long time to play the "tang" interest game, however, I finally caved in a couple years ago to take advantage of their promotional interest. I do not have a chequing account with them, only savings. Since then I have purchased GIC's, transferred funds in and out and find everything comparable time wise and ease with both Hubert and EQ. Don't know about joint GIC's.
CAN ONLY LINK 3 ACCOUNTS.
Registered accounts do have a $50 transfer out fee.
Daily transfer OUT limit was $50,000 (may have changed) Over $50,000 need to call them.

March 12, 2022
7:17 pm
Dean
Valhalla Mountains, British Columbia
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.
What Frugal Lady said , plus . . .

Both the Wife & I have Tang SA's, and play the 'Special Interest Rate Offers' game when they come along. And when they're done, we move our $$$ elsewhere again and the balance goes back down to a dollar & change, until the next offer comes along. It's a silly little Tang game, but we've made a fair amount from it.

We also have a no-fees chequing account with them, and their 2% cash-back CC. But we've never bought any of their GIC's or Mutual Funds, as for the most part they just don't measure up.

It works for us, as a small part of our overall portfolios.

    Dean

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

March 13, 2022
4:53 am
savemoresaveoften
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those that has active GICs with Tang, do you still receive the targeted promo rate offer from time to time ?

March 13, 2022
5:05 am
cgouimet
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savemoresaveoften said
those that has active GICs with Tang, do you still receive the targeted promo rate offer from time to time ?  

I currently do not have tangerine gic's but I did get offers while I had some. Most of the offers came while I had very little in savings.

My wife also had gic's and very little in savings and never had offers.

CGO
March 13, 2022
5:20 am
JenE
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Yes.

March 15, 2022
6:22 am
Jim Sherat
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thanks all for the info re doing business with 'Tang'... might just have jump on that bandwagon, and see if we have the same luck with decent promos, over and above what is now the best 1-yr GIC rate that I know of.

April 5, 2022
9:34 am
hwyc
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GIC rate change today. Leader for now in the 1-yr category, 2.35%. Noticeable 2-yr rate jumped 0.55% sf-surprised ...& this brings a good vibe to upcoming BoC interest review

April 5, 2022
11:24 am
cgouimet
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hwyc said
GIC rate change today. Leader for now in the 1-yr category, 2.35%. Noticeable 2-yr rate jumped 0.55% sf-surprised ...& this brings a good vibe to upcoming BoC interest review  

It's been a while since they've been there ...

CGO
April 24, 2022
8:09 am
BlueSky
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Just noticed 18 months rate was bumped up to 2.90% from 2.50%.

April 24, 2022
2:24 pm
RetirEd
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Even when I had over $100K in Tangerine, they NEVER gave me a bonus offer. I'd eventually read about them here and call to ask, but they'd agree only sometimes and never for as good a rate as others received.

Guess they just didn't like me. The feeling became mutual.
RetirEd

RetirEd

May 3, 2022
9:24 am
BlueSky
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Tang rate increased:
2.4% for a 9-month GIC; 3% for an 18-month GIC

May 3, 2022
10:37 am
Sammy
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And 3 years at 4%.

No change on 4 and 5 year term.

June 15, 2022
9:22 am
frugal lady
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rate increase from tang site:
1 YearGuaranteed Investment3.75%
1.5 YearGuaranteed Investment3.25%
2 YearGuaranteed Investment3.35%
3 YearGuaranteed Investment4.15%
4 YearGuaranteed Investment3.60%
5 YearGuaranteed Investment3.75%

June 15, 2022
10:33 am
Dean
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frugal lady said

rate increase from tang site:

1 YearGuaranteed Investment3.75%
1.5 YearGuaranteed Investment3.25%
2 YearGuaranteed Investment3.35%
3 YearGuaranteed Investment4.15%
4 YearGuaranteed Investment3.60%
5 YearGuaranteed Investment3.75%  

Wow ... that new 1Yr rate is unusually high, for Tangerine ❗

If I wasn't still in my 'Wait-And-See' mode,
I'd give it some serious consideration.

    Dean

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

June 15, 2022
12:25 pm
Alexandre
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I am going to give it serious consideration, when my 1-year Tangerine GIC at 1.25% matures early 2023.

The pain of not following 'Wait-and-See' mode at the beginning of 2022 is real. sf-cry

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