January 15, 2014
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.
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!