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It’s simple & rewarding to save. Earn 6.00%* interest until February 29, 2024.
October 4, 2023
4:42 am
Alexandre
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New promo from Tangerine. No email notification, check your insights.

Eligible new deposits to these Accounts from October 4, 2023 to February 29, 2024 (up to a maximum of $1,000,000† per Applicable Account Type*) will earn your special rate of 6.00%.

We’ll total up the balances of your eligible Savings, TFSA, RSP Savings and US$ Savings Account(s) as they were on October 3, 2023 to get your total balances per Account Type
From October 4, 2023 to February 29, 2024, you’ll earn your special interest rate on new deposits over your total balances calculated on October 3, 2023 (up to $1,000,000† per Account Type)

October 4, 2023
5:45 am
Bill
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Thanks, Alexandre. Wife just got it too (her last one had expired end of July), and very clearly lists all accounts it applies to when you activate.

October 4, 2023
5:53 am
kesa
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Tang loves me, Tang loves me not, Tang loves me….

October 4, 2023
6:01 am
NorthernRaven
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kesa said
Tang loves me, Tang loves me not, Tang loves me….  

Tang loves no one but themself... sf-smile

October 4, 2023
6:09 am
canadian.100
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Tangerine has reduced their One Year and 18 month GIC rates today.
Not surprising as they were pace setting.

October 4, 2023
7:22 am
InterestThis
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Is that the full-text of the "legal stuff" details from Tang? Could someone post the full details? As it looks like you have to activate it first to read the fine print.
Tang is matching the terms of Meridian, I guess to get clients back. Scotiabank plays these games with their complex terms, maybe they will start doing the same with Tang now too.

October 4, 2023
7:52 am
InterestThis
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Actually, it does display all the fine print, before you click activate. Terms look the same to previous promo's,
______________________
Once you’ve activated, here’s how it will work:
We’ll total up the balances of your eligible Savings, TFSA, RSP Savings and US$ Savings Account(s) as they were on October 3, 2023 to get your total balances per Account Type
From October 4, 2023 to February 29, 2024, you’ll earn your special interest rate on new deposits

October 4, 2023
7:53 am
COIN
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InterestThis said
Tang is matching the terms of Meridian, I guess to get clients back. same with  

"Tang is matching the terms of Meridian"
Does this mean that Meridian is also paying 6%?

October 4, 2023
8:17 am
InterestThis
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I should have said, Tang is matching the overall dates for Meridian for 5 months. Meridian is 5.75%.
Its interesting how Tang put in this little speed bump with the 3 days space Oct 1-3. If a person forgot, and left money in, then they would only get 6% interest on more added money.
These types of fine-print details* are seeming more like Scotiabank, but they likely do work on a lot of people who don't pay close attention.

October 4, 2023
8:59 am
althisa
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Did not get the promo yet, checked Insights
The promos are definitely algorithmically targeted
Probably since I am already on a 6% promo that ends Feb1, so there is time to get another promo

BTW notice that the TNG 1.5 yr GIC that was at 6% is now being offered at 5.75%
TNG must have pulled in a significant level of investment at the previous rate to LOWER the rate when other FIs are having to do the opposite

Anticipating more deposit rate volatility when we see headlines like:
Bank Deposits Drop Year-Over-Year for First Time Ever
https://www.bloomberg.com/news/articles/2023-09-26/bank-deposits-drop-year-over-year-for-first-time-ever-s-p-says#xj4y7vzkg

October 4, 2023
9:11 am
Dean
Valhalla Mountains, British Columbia
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.
As of Monday, both my Wife and I had drained our Tang SAs, down to $1 & change. And now today we both received this same offer from Tang (see Alexandre's Post #1 above ).

So now we go back, and redeposit all our SA $$$ back again into our Tang SAs.

I think we should call it; "The Tangerine SA Shuffle" ... LOL sf-laugh

    Dean

.
P.S.
In order to read that Bloomberg article linked
in Post #10 above by Althisa, I believe you
have to be a 'Paid' Subscriber.

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

October 4, 2023
9:33 am
victor6433
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My wife received it as well.. But not activating since I'm already good till Jan 31st.

October 4, 2023
9:56 am
cgouimet
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canadian.100 said
Tangerine has reduced their One Year and 18 month GIC rates today.
Not surprising as they were pace setting.  

I bought one on Oct 2. I was going to buy another today but ...

I called to make the Oct 2 joint. 46 minutes on hold then 15 minutes in a 3-way conversation to do the joint thing.

That's my last Tangerine GIC until they simply this.

I bought 3 joint GIC's online in 5 minutes at Oaken all in one application last Friday. That's a streamlined process, although it took 2 days to actually see the GIC's.

CGO
October 4, 2023
9:57 am
The Rock
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victor6433 said
My wife received it as well.. But not activating since I'm already good till Jan 31st.  

May I have yours? Haven't had one since my promo ended in June.

October 4, 2023
9:57 am
cgouimet
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Dean said
.
As of Monday, both my Wife and I had drained our Tang SAs, down to $1 & change. And now today we both received this same offer from Tang (see Alexandre's Post #1 above ).

So now we go back, and redeposit all our SA $$$ back again into our Tang SAs.

I think we should call it; "The Tangerine SA Shuffle" ... LOL sf-laugh

    Dean

.
P.S.
In order to read that Bloomberg article linked
in Post #10 above by Althisa, I believe you
have to be a 'Paid' Subscriber.  

Very good ...

CGO
October 4, 2023
9:58 am
InterestThis
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victor6433 said
My wife received it as well.. But not activating since I'm already good till Jan 31st.  

Is your thinking that by not taking it, you will then get a new one sometime in Jan which will extend further?

October 4, 2023
10:36 am
victor6433
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InterestThis said

Is your thinking that by not taking it, you will then get a new one sometime in Jan which will extend further?  

Yes sir.

October 4, 2023
2:10 pm
calderbennett
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Cleared my Tang account on October 1st, after September interest was deposited. Shifted to Manulife for 5% until late November. Now I have the 6% Tang offer to February 29th so I'll be shifting back. Unless I've missed something I can't use Interac with Tang so I'll Interac $ from Manulife to my BMO checking account, then request the transfer to Tang. Sigh. But first I'll do the calculations and see if it's really worth the bother......sf-confused

October 4, 2023
2:28 pm
newbies1111
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Hi guys, I am new to this. Please help me out.

I withdraw fund from my Tangerine saving account via ETF on oct 1 and it settled on oct 3 . So, if I activate this new promo and re deposit my fund back to Tangerine. Am I still eligible for the 6%??

October 4, 2023
2:47 pm
InterestThis
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newbies1111 said
Hi guys, I am new to this. Please help me out.

I withdraw fund from my Tangerine saving account via ETF on oct 1 and it settled on oct 3 . So, if I activate this new promo and re deposit my fund back to Tangerine. Am I still eligible for the 6%??  

Would recommend checking your account register, and also with Tang, to see what they have posted as your end of day balance on Oct 3.

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