SuperSaver said
Has anyone moved their funds prior to their "promo targeted rate" expiring, effectively declining the tiered rate offer? Did you then receive any new "targeted" offers before the expiry date of the tiered rate email? I received the tier rate email yesterday and my tier rates start on September 1st and runs until February 28/27. I am going to move my funds from Tangerine on August 31st and see if this results in a better "targeted offer".  

To my knowledge, there is no declining of a tier rate. It is not an offer, it is a "gift".

Slybanking said
I do not doubt anything that's been written on this subject but just for information:

I just had a live chat with a agent at Tangerine and I got a complete different answer meaning that the money on hold count for the total daily balance immediately and will receive the new calculated tiered rate base on the new total amount.

He also said that the new rate will be showed on account detail after the new total daily balance calculation.

Not the first time we get conflicting information from a Tang agent.  

Perhaps it's a question of timing? Like it may not happen immediately when the $ arrive but retroactively when the hold is released. Speculating ... 🙂

I just had a live chat with a agent at Tangerine and I got a complete different answer meaning that the money on hold count for the total daily balance immediately and will receive the new calculated tiered rate base on the new total amount.

He also said that the new rate will be showed on account detail after the new total daily balance calculation.

Not the first time we get conflicting information from a Tang agent.

hwyc said

... I added more funds to reach the next tier yesterday but my rate didn't change. Tangerine told me on-hold amount does not count toward the eligible *total* balance! My new tier rate applies when the hold is released.  

Perhaps a minor detail ... Once the hold releases, is the new rate applied retroactively to when the funds arrived?

hwyc said
@RYAN By your question I think you understand the tier rates incorrectly.

I understand it is one *total* balance at end of day to determine the tier rate for that day. And that rate is used to calculate one day's interest on the balance of each eligible savings account.  

... I added more funds to reach the next tier yesterday but my rate didn't change. Tangerine told me on-hold amount does not count toward the eligible *total* balance! My new tier rate applies when the hold is released.

@cgouimet ... I don't think it will be retroactive
@Slybanking ... I will check daily on the rate displayed and the hold in my account.

Alexandre said
My tiered rate is 2.0% for up to $500K in funds, for the whole calendar year of 2026. Of course I moved my money elsewhere before January 2026. Now comes Summer, I am getting 4.0% promo offer till end of August. With the reminder that in September I am back to 2.0% for the rest of the year.
4.0% is quite good offer, so I moved money to Tangerine and will empty my Tangerine accounts last week of August.  

Thanks. I will wait and see.

usephrase said
I moved out my fund from Tangerine, she asked if you would like to discuss the rate with another team. I replied " No".
in 3 weeks, Tangerine offered me 4.25% rate for all accounts.
It seems they will not offer you a good rate if you discuss with them.  

Good to know.