OTR - Tangerine Savings Account rate 0.70% effective March 7, 2020 [down to 0.40% March 20] | Page 2 | Tangerine Bank | Discussion forum

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OTR - Tangerine Savings Account rate 0.70% effective March 7, 2020 [down to 0.40% March 20]
March 20, 2020
6:40 am
Loonie
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I don't think Tang has ever announced these things but they are clear about it on their statements.

Recently, I have been checking rates on all savings accounts daily as a precaution against surprises.

March 20, 2020
7:30 am
Alexandre
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krwilson said
I see that Tangerine is offering 0.4% now on savings account.

Amazingly, Tangerine still honors its "special offer" for those who got it. Mine is 2.75% till June 30, still stays even with new regular interest rate of 0.4% already posted under Account Details.

March 20, 2020
8:26 am
krwilson
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Loonie said
I don't think Tang has ever announced these things but they are clear about it on their statements.
Recently, I have been checking rates on all savings accounts daily as a precaution against surprises.  

I was being sarcastic about the notification. I give kudos to the banks/credit unions who do keep it all on the up and up by readily announcing their rate changes. We all are being extra diligent at this time looking at rates but one never enjoys a nasty surprise that rates dropped weeks ago and one did not realize.

Why would anyone keep money with Tangerine at this point? Between myself, my wife and my mother we all have offers till May 31st. I must admit I am worried that Tangerine will pull something along the way. For come June 1st or earlier all money will be fleeing Tangerine.

March 20, 2020
2:04 pm
picassocat
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I will also flee the 1st day after my special offer expires, which is May 31st

March 23, 2020
5:45 am
Bud
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is tang new money only gets bonus or money in/out back in maintains still gets bonus as well?

March 23, 2020
9:23 am
picassocat
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Bud said
is tang new money only gets bonus or money in/out back in maintains still gets bonus as well?  

You could call them, but I think if you had 2000$ in your account when the promotion was offered, you will gain the new interest on anything over 2000$. You can take it out and put it back in, but the new interest will only apply to anything over 2000$

April 1, 2020
4:32 pm
hwyc
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hwyc said on March 18, 2020
Just realized it is now only 2.50% on the *first* Tangerine account on the landing page ... pretty sure it was 2.75% before  

The 2.80% New Client Interest Rate Offer (the “Offer”) is available to new Tangerine Clients whose Client Number with the Bank was created between April 1, 2020 and July 30, 2020.

April 1, 2020
9:37 pm
picassocat
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krwilson said
I see that Tangerine is offering 0.4% now on savings account.

Thanks for the notification Tangerine....NOT!  

To my knowledge, banks don't notify when they change their interest rate.

On Tangerine rates page:

«Interest rates are subject to change without notice.»

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