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1:33 pm
May 18, 2016
OfflineAlexandre said
No, it is not eligible.
I had RRSP transfer-in just 2-3 days before promo offer came. When I activated promo offer RRSP funds were not yet shown in my account. They appeared later. They did not collect promo interest. Called Tangerine, they explained pulled funds are considered to be in your Tangerine account the day you requested pull, even if you can't and won't see them for weeks.
They also said they apply regular interest to 'invisible' funds since the day pull was requested.If I knew that in advance I would have bought RRSP GIC the moment funds appeared in my account. Instead, I waited till end of month expecting promo interest which never arrived. Lesson learned.
Thanks for the info. Too bad, I would do a TFSA GIC then.
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