New promo: 100 dollar Bonus when you transfer TFSA to Tangerine. | Tangerine Bank | Discussion forum

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New promo: 100 dollar Bonus when you transfer TFSA to Tangerine.
January 19, 2015
5:46 pm
musicalmaestro
Ottawa
Member
Members
Forum Posts: 55
Member Since:
January 15, 2014
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Got this in an email today,

"Get a $100 Bonus when you transfer TFSA money to your Tangerine Tax-free Savings Account by March 31, 2015.†

Enjoy great interest on more of your TFSA savings by transferring them from other financial institutions to your Tangerine Tax-Free Savings Account. You'll get a $100 Bonus when you transfer $5,000 or more by March 31, 2015.

Earn 2.5% interest* from the moment you make your TFSA transfer request.

...
To find out more, visit https://www.tangerine.ca/en/landing-page/TFSAtransfer/index.html?utm_medium=emailE&utm_source=TFSATransferInURL1&utm_campaign=RSPTFSA2015. "

Tempting... Buti is it worth it, we know the baIt and switch will bring the 2.5% back to 1.35% , though at least the kickstart in October means (hopefully) this would only be for 6 months.
Question is just keep it in PT or go for it...?
Also note you have 60 days to get the funds transferred, so in theory you could be earning interest at both places at once for almost a month if you time it just right! (And are lucky).
Thankfully PT doesnt have a transfer out fee YET!
Thoughts?

January 19, 2015
6:52 pm
Loonie
Member
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Forum Posts: 9281
Member Since:
October 21, 2013
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Don't forget that Tang will charge you $45 to transfer it out of there due to their non-competitive regular rates, cutting you reward almost in half. Funny how they don't mention that.sf-surprised

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