New Tangerine Offer from Sept. 7, 2021 to Jan 31,2022 | Page 3 | Tangerine Bank | Discussion forum

Loonie
“Your special rate is active! Nice! You're earning a special interest rate of 1.40% on new deposits to this Account until March 31, 2022.”

Does this mean that the balance that existed prior to this message drops to .1% on January 31st and only “new deposits” receive 1.4%?

For the extension I received, it was an amendment of the previous offer. The end date of the "Offer Period" was changed:

2. The Offer is only available to Eligible Clients between September 7, 2021 and March 31, 2022 (the “Offer Period”). If the Offer is not Activated between September 7, 2021 and September 30, 2021, Tangerine Clients will not be eligible for the Offer and will not receive Promotional Interest.

The date in the definition of "Eligible Deposits" was not:

5. “Promotional Interest” is the interest earned on Eligible Deposits made to Applicable Accounts each day during the Offer Period. “Eligible Deposits” for any day during the Offer Period is the excess of (i) the sum of end-of-day balances in all Applicable Accounts per Applicable Account Type (excluding Promotional Interest) over (ii) the sum of end-of-day balances in all Applicable Accounts per Applicable Account Type as at September 6, 2021, to a maximum of $1,000,000†, subject to the exclusions in Section 10 below.

I heard rumor that February targeted offer (2%) is out.
I checked but got nothing. Please start a new thread if anyone has the details.

Thanks in advance

hwyc said
I heard rumor that February targeted offer (2%) is out.
I checked but got nothing. Please start a new thread if anyone has the details.

Thanks in advance  

I received 2% new money offer, Feb 4 - June 30

(if someone else starts a separate thread, I will contribute there)

... This is a very old thread. Yes

There are currently discussions on end-of-year transaction dates. Then I realized regular interest is paid last day of month it is earned. However, Tangerine choose to date promo interests on the first day of the following month.

As a result, the regular interest earned in December 2021 was reported on 2021 T5 but the promo portion is yet to be reported on 2022 T5.

... I didn't do the math, I only read the dates.

There's no avoidance.

Regular interest is paid on the last day after the closing time for the day and doesn't earn interest until the next day. Bonus interest is paid the next day before closing time of that day and starts earning interest the same day as well.