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Email this7:54 am
September 30, 2017
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As of Friday Nov 13, 2020
Savings 0.10% (down from 0.15%)
Chequing 0.01% (down from 0.05%)
... here's on the downward stroke of the 'K' 
8:48 am
October 29, 2017
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I guess the chequing account was seriously hurting their profits, so they shaved 80% off. And 33% off the savings rate. Lmao, Tang is a piece of work!
10:39 am
December 18, 2008
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In my opinion, this is just the first step to making the Tangerine chequing account pay 0% interest. At least at 0.01% they can still say it "pays interest"
My prediction is that the 0.01 will never go back up to 0.05 in my guess no matter how good the markets get.
In 2020, I have seen other banks lower their chequing account rates (that have been the same for decades) and my guess is those two will never rise again (because most people don't pay attention to chequing account interest rates), and banks have been slowly moving to 0% chequing accounts for quite a while now.
2:17 pm
October 21, 2013
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There's always .001, .0001, and so on!
Why, there is an infinite number of rates they can reach down to before they have to say the rate is zero! 
It reminds me of a warehouse outlet store that existed when I lived in Boston. It was called "Building 19". They were expanding, so they filled up another warehouse and called it "Building 19 1/2". A bit later, they opened another one and called it "Building 19 3/4". Another one became "Building 19 13/16" or whatever.
They could expand to an infinite number of warehouses because fractions can be infinitely small, just like interest rates!
It was actually quite funny to watch them opening and see the new sign.
3:50 pm
September 6, 2020
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My checking account has paid ZERO interest for years. For years I transferred funds from savings account just in time. A friend's wife said it is not worth it. She mentioned this a year ago. She is CORRECT. Not sure when I changed things. I load my checking account the last business day or first business day of the month. Tangerine has a new feature. If checking account drops below my pre-determined amount it is replenished at 7:05AM EST the following day from savings. I pay my CC NOW if I use it. I get rid of balance instead of waiting grace period. My CC has ZERO to small balance on statement date. My credit score did not change. It is more than 800. Not close to 900. Have fun.
Have a Great Day
7:44 pm
September 6, 2020
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I checked my GIC program. My lower limit for interest is .00001%. If rates dropped below .01% without going to ZERO I am sure FI systems would need plenty of changes. Something like Y2K. Of course they have had plenty of time to fix the problem. We have to wait to see if they can lower from .01% without going to ZERO.
Have a Great Day
7:51 pm
February 20, 2018
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They dont need our money anymore the govermment prints them whatever they want
10:09 pm
February 17, 2013
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That's why they aren't on the chart anymore. Changing the regular rate won't change the promos....and that's all Tang is good for anymore....and their 2% cashback credit card. But only for selected categories. And their Interac/EFTs. Pretty easy to link with as well. But that's it. Though I do use their app once in a while for cheque depositing. Definitely not a fan. Even though I have a USD account with a few bux in it. Going to close it for sure one day.....
3:05 pm
September 30, 2017
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Tangerine brings Savings rate up to 0.40% on Canada Day holiday. Is there anything to celebrate? ... Yeah, the dial moved finally.
3:53 am
February 7, 2019
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hwyc said
Tangerine brings Savings rate up to 0.40% on Canada Day holiday. Is there anything to celebrate? ... Yeah, the dial moved finally.
Looks like their 3Yr GIC was also bumped up significantly, from 4.15% to 4.2% ... 🙂
| CGO |
11:06 am
September 30, 2017
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Tangerine Savings 1.00% (was 0.40%)
12:27 pm
October 29, 2017
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hwyc said
Tangerine Savings 1.00% (was 0.40%)
Is Tang allowed back on the chart now! Lmao.
12:32 pm
January 12, 2019
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Vatox said
Is Tang allowed back on the chart now! Lmao.
- NO ❗❗
.
Dean 
" Live Long, Healthy ... And Prosper! "
12:38 pm
February 7, 2019
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Vatox said
Is Tang allowed back on the chart now! Lmao.
I'm of the opinion that the GIC & HISA charts should include the same FI's. A FI 'qualified' for either should be on both.
My nickel ...
| CGO |
1:35 pm
December 12, 2009
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Vatox said
Is Tang allowed back on the chart now! Lmao.
Potentially, if we keep Alterna Bank, LBC Digital, and Canadian Tire Bank, I'd be inclined to say yes.
However, if that trio of laggards remain laggards in 2-3 months, I'd also be inclined to remove them. 🙂
Cheers,
Doug
1:39 pm
January 12, 2019
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cgouimet said
I'm of the opinion that the GIC & HISA charts should include the same FI's. A FI 'qualified' for either should be on both.
My nickel ...
Sorry, Cgouimet ... I'm with Peter on this one.
If an FI doesn't deserve to be on one of the charts, then It Shouldn't Be There,
regardless of it qualifying for the other chart.
My Dime
- Dean
" Live Long, Healthy ... And Prosper! "
3:49 pm
September 29, 2017
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As Peter alluded not long ago on a different thread, one chart is far more automated than the other. So, I suggest that the more automated one should keep FIs on there once they make it. I see no obvious reason to remove them. WhatBank.ca is able to maintain a list that is FAR LARGER.
For the more manual list, it might make more sense to remove them if they under perform for an extended period... the risk is that if they qualify again, Peter mentioned that history is lost. If there is a way to preserve the history, then sure, take it off until it meets a meaningful criteria, so that when they do qualify again, history can be seen.
After all, isn't the goal to help ID the FIs that are offering competitive rates in which every category, HISA or GIC? It makes no sense to me to arbitrarily limit a candidate from one list just because they do not qualify on the other. Seems like shooting oneself in the foot, so to speak.
2:16 pm
September 30, 2017
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Tangerine Savings 0.80% (was 1.00%)
... you may not feel it just yet if under a promo period, it really depends !!!
5:10 am
November 18, 2017
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Tangerine users: Please let us know if Tangerine pulls that sleazy trick again where they keep the promo bonus the same but cut the base rate, dropping the total interest rate as they regularly did a few years ago.
RetirEd
5:16 am
November 8, 2018
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RetirEd said
Tangerine users: Please let us know if Tangerine pulls that sleazy trick again where they keep the promo bonus the same but cut the base rate, dropping the total interest rate as they regularly did a few years ago.
In my account, total interest rate has not changed and stays the same (6%):
Please write your comments in the forum.