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NEW Targeted Offer 5.85%
August 24, 2023
2:22 pm
Ed
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Received this afternoon. (Offer is for all monies, old and new.)
“The 5.85% Interest Rate Offer (the “Offer”) is only available to existing Tangerine Clients who have received this communication directly from Tangerine and who activate the Offer online by September 30, 2023. The 5.85% promotional interest rate (the “Promotional Interest Rate”) is valid from September 1, 2023 to November 30, 2023 (the “Promotion Period”) and is only available for eligible non-registered Tangerine Savings Account(s) (“Applicable Accounts”) to a maximum balance of $1,000,000 in all Applicable Accounts combined (“Eligible Balances”) during the Promotion Period. The Promotional Interest Rate is an annualized rate, calculated daily and paid monthly. This Offer can’t be combined with any other promotional rate offers for non-registered Savings Accounts. This Offer, including interest rates, may change, be extended or cancelled without notice.”

August 24, 2023
2:31 pm
amidat
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Yup, I also got this offer today.

I had moved most of my money to Duca since I'm only getting 5% on current promo.
I guess I will back everything on Sept 1. sf-laugh

August 24, 2023
2:31 pm
julio
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Ed, where does it say offer is for all monies, old and new? In the heading of the text you posted, it says:
"Very soon, you’re going to be able to earn a 5.85% special interest rate on all of your eligible non-registered Savings balances of up to $1,000,000 combined!"
I am asking because I am planning to move money out now, to be "fresh" for the "very soon" offer.

August 24, 2023
2:49 pm
amidat
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It doesn't explicitly say old and new money.

But in the beginning of the email it says (not shown in ed's post):
3. To make the most of your special rate, just keep your money right where it is.

If you don't trust them then yes, move money out.

August 24, 2023
2:56 pm
julio
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Amidat, as you wrote, "keep your money where it is" and then I can justify the "eligible non-registered Savings balances" as not referring to old or new, but to the 1M limit. Thus I'll keep it there. Thank you.

August 24, 2023
2:56 pm
Ed
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amidat, I am currently getting 5.25% from DUCA until January 31, 2024 and the same from Tangerine until August 31, 2024. Won’t have to move any money out of Tangerine now.

August 24, 2023
3:02 pm
Ed
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julio, here’s the actual text (see #3):

“Here’s what you need to know:

1. Look out for a message from us dropping in your inbox on September 1, 2023.

2. In that email, activate your offer to earn your special rate.

3. To make the most of your special rate, just keep your money right where it is.”

August 24, 2023
5:05 pm
julio
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Ed, thank you!

August 25, 2023
10:35 am
mebe
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I was going to wait until Monday to pull the rest of my Tangerine money out (currently at 5% until Aug 31), but now that I got the 5.85% email offer (nothing in Insights, or account details about the offer), there's no need to pull anything, except for perhaps some hair left on my head ... since I was hoping for a 6% solution without any restrictions.

Am I being too greedy? Sure, but it looks like it will be the next Tangerine offer for those currently with offers ending in late September, that will probably get a 6% or better offer.

September 1, 2023
10:41 am
amidat
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So far I haven't seen an email today with the offer.

However, when I logged into my account the offer was in "Insights".

So I activated the offer and all is good.

September 1, 2023
11:39 am
rhvic
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amidat said
So far I haven't seen an email today with the offer.

However, when I logged into my account the offer was in "Insights".

So I activated the offer and all is good.  

Same for me.

I note that US$ accounts are not included.

September 1, 2023
12:19 pm
The Rock
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I accepted a new client promo which ended in June. I then withdrew all my funds but have yet to receive a new promo offer.

I suspect this has to do with my credit score taking a hit after missing a credit card payment. I misplaced a credit card invoice and forgot all about it. When I found it, it was over 30 days past due. I paid it immediately, however my credit score dropped from 841 to 688 after missing a single credit card payment for the first time in 15 years. My credit score has gradually clawed back up to 733 after making a couple of payments.

Does anyone think this could be the reason why I've been overlooked for new promos?

September 1, 2023
1:40 pm
Ed
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Received my special targeted offer of 5.85% until November 30, 2023 by email just now and did not hesitate to activate it.

September 1, 2023
2:05 pm
Bill
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Do you mean to your Tangerine inbox when you sign in to Tangerine, or to your external personal email address they have on file?

September 1, 2023
2:36 pm
Ed
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Bill said
Do you mean to your Tangerine inbox when you sign in to Tangerine, or to your external personal email address they have on file?  

Both, first to inbox, then to my email, 30 minutes later.

September 1, 2023
4:52 pm
cgouimet
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Could someone tell TNG that I would be honoured to accept such a offer?

CGO
September 1, 2023
4:55 pm
Bill
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In all our years with Tangerine spouse and I have never received promo offer via personal email, always in Insights.

September 1, 2023
6:29 pm
COIN
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Ed said
Received my special targeted offer of 5.85% until November 30, 2023 by email just now and did not hesitate to activate it.  

So the offer is good for only 3 months?

September 2, 2023
7:38 am
Ed
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COIN said

So the offer is good for only 3 months?  

Correct. My DUCA promotion for 5.25% is on until January 31, 2024, so that’s where my Tangerine deposits will be going pending no change in interest rate environment.

September 2, 2023
9:44 am
The Rock
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Ed said

Correct. My DUCA promotion for 5.25% is on until January 31, 2024, so that’s where my Tangerine deposits will be going pending no change in interest rate environment.  

Have you considered Meridian's 5.75% five month promo?

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