Log In
Register
Home
Topic RSS
Facebook
Twitter
Email this5:40 am
March 17, 2022
Offline
My latest offer expires in a couple of weeks. I received an email from Tangerine yesterday with the following "offer". Is this indicative of the direction Tangerine might be taking going forward?
Starting June 1, 2025, with Tangerine Tiered Savings Rates* the more you save, the more you earn for 6 months.
The best part? No need to activate this offer. Just watch your savings grow in your eligible registered or non-registered Savings Account(s) that you hold as of May 7, 2025.
Wherever you choose to save, these stable promotional rates mean less work and fewer hoops.
Save smarter with Tangerine Tiered Savings Rates:
• Stay ahead of the changing rate environment for 6 months*.
• Save yourself the hassle of rate shopping.
• Grow your funds with whatever eligible Savings Account fits your goals.
Account Balance Interest Rate*
$0-$49,999 0.35%
$50,000-$99,999 1.00%
$100,000-$499,999 2.50%
$500,000+ 3.00%
Once you've reached the next tier, your full balance earns that tier's rate. This applies to the entire balance of your Account until November 30, 2025.
8:26 am
September 30, 2017
Offline
Cannot opt out. That is bad!
Worse if you'll be excluded from the tradition lotteries until November 30!!
10:13 am
November 18, 2017
Offline
This seems to mean only 1% unless you give up CDIC insurance. Bugger that.
RetirEd
12:50 pm
January 12, 2019
Offline
.
Yup ... What RetirEd said ⬆
Tangerine has had that Tiered SA offer in place for a good while now.
I 'Passed' on it, quite some time ago. It was a No-Brainer decision. 
- Dean
" Live Long, Healthy ... And Prosper! "
2:49 pm
May 28, 2013
Offline
Well, if you have at least $100,000 in the account, you get 2.5% on the whole balance. That is better than 0.35%, but not as good as the usual promos. If nothing else, a place to park cash if nothing better is on offer at other financial institutions.
6:50 am
November 8, 2018
Offline
For someone who has $100,001 to park this offer sounds like cashable 2.50% GIC with monthly interest payments.
I haven't received that offer after my previous promo rate expired, will see if Tangerine offers me something better than their regular 0.30% Savings interest.
8:09 am
December 23, 2018
Offline
$0-$49,999 0.35%
$50,000-$99,999 1.00%
$100,000-$499,999 2.50%
$500,000+ 3.00%
Is that mean you are getting interest in tiers for your deposit? i.e. only getting 2.57% for 1 million deposit according to my calculation.
10:06 am
March 14, 2023
Offline
JPenterprise said
Is that mean you are getting interest in tiers for your deposit? i.e. only getting 2.57% for 1 million deposit according to my calculation.
The last line of the offer from the OP states:
"Once you've reached the next tier, your full balance earns that tier's rate."
3:15 pm
May 28, 2013
Offline
I do not see how this tiered offer is supposed to look tempting to the myriad of investors with say less than $100K to deposit, and certainly those with less than $50K to deposit. Such investors have no incentive to move money to Tang. And if someone does move money in, does that mean no other Tang promo offers for the 6 months?
This is not for me, as long as an other FI is offering more than 2.5%. So far, I've always gotten an offer from somewhere for at least 3.0%, and my money goes to the highest interest rate (e.g. currently Tang at 4%, Coast at 4.5%, after the 4.85% at BMO expired).
I deal with multiple FIs, and only if at least one of them is not giving me a good rate would I temporarily park funds (100K-499K) at 2.5% at Tang.
Might Tang's marketing people eventually notice this, and decide the tiered offers are not worth putting out?
Please write your comments in the forum.