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Tang new promo 5.25% until Jul31 for new deposit
March 4, 2023
8:27 am
cgouimet
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suburbs4life said
Does anyone know if tangerine business accounts get the same targeted promo rates as the personal bank account accounts?

Edit- after a quick qoogle search it appears they do offer targeted promos to business accounts that are separate from personal savings accounts. (in case anyone else was curious)  

The T&C's of the 5.25% offer excludes Business Accounts ...

"The Offer is only applicable to Tangerine Savings Accounts (“Savings”), Tangerine Tax-Free Savings Accounts (“TFSA Savings”), Tangerine RSP Savings Accounts (“RSP Savings”), and Tangerine US$ Savings Accounts (“US$ Savings) (referred to collectively as “Applicable Accounts”) where the Eligible Client is the Primary Account Holder as described in Section 13 below. Multiple Applicable Accounts of the same type (for example, three separate TFSA Savings Accounts) are collectively defined as an “Applicable Account Type”. The Offer is not applicable to any other Accounts, including (but not limited to) Tangerine RIF Savings Accounts (“RIF Savings”), Tangerine Business Savings Accounts, Tangerine US$ Business Savings Accounts, or Tangerine Children’s Savings Accounts (“CSA”)."

CGO
March 4, 2023
10:18 am
suburbs4life
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That particular offer is yes but they have business specific offers too! I just learned about that today.

March 4, 2023
11:23 am
Hubble
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I can confirm that business accounts are offered promos. My most recent 3 month promo
ended January 31st.
5.25% on new funds only.

March 4, 2023
3:46 pm
dommm
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cgouimet said

Once the offer is "Accepted" you should receive an email that confirms it. Also, before transferring any $ to the account, select the account in Tangerine and look at "Account Details". You should see something like this ...

Screenshot-2023-03-03-at-10-45-51-Savings-Account-Details-Tangerine.png

Or this ...

Screenshot-2023-03-03-at-10-50-09-Savings-Account-Details-Tangerine.png  

I'm now aware of all of the above. Just to late. .

March 5, 2023
8:10 am
JPenterprise
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My last promo was ended in Dec. 2022 at 3.50%, I got the offer with 5.25% from the "Insights". My account balance was just $2000.

June 12, 2023
7:58 am
savemoresaveoften
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think I already know the answer but I will ask anyway.
Any money coming from a Tangerine matured GIC does not qualify as new deposit promo rate ? Always the case ?

June 12, 2023
8:19 am
HermanH
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Right. Maturing GICs are not counted as 'new money' for promotions.

June 12, 2023
9:47 am
Bill
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I've previously indicated on this site that's not the case for me. Matured GIC got the promo rate when transferred to Tang HISA.

June 12, 2023
10:30 am
cgouimet
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savemoresaveoften said
think I already know the answer but I will ask anyway.
Any money coming from a Tangerine matured GIC does not qualify as new deposit promo rate ? Always the case ?  

It depends. The fine print of the "new money" offer will indicate what will be included in the "old money" or starting balance.

CGO
July 14, 2023
11:33 am
hwyc
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Is it true the extension for this promo (ending July 31st) is out ?

July 14, 2023
12:02 pm
cgouimet
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hwyc said
Is it true the extension for this promo (ending July 31st) is out ?  

My wife received email at 14:33 that her 5.25% expiring Jul 31 has been extended ti Oct 31.

No word on my 5.0% yet. It expires Jul 31 also.

CGO
July 14, 2023
12:50 pm
toto
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i just got the extension too. Until October 31, 5.25. Now I don't have to call them

July 14, 2023
12:55 pm
COIN
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So, the extension at 5.25% is below the 5.50%. Maybe the 5.50% is the high water mark for this cycle?

July 14, 2023
1:20 pm
cgouimet
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COIN said
So, the extension at 5.25% is below the 5.50%. Maybe the 5.50% is the high water mark for this cycle?  

Not unlike our situation.

I got 5.0 Dec to Feb or Mar. Then my wife got 5.25 Mar to Jul. Then my 5.0 stretched at 5.0 to Jul.

Now, her 5.25 is getting stretched at 5.25 to Oct.

And I'm waiting till Jul 24 or so to move my 5.0 $ unless I get extended before or maybe get a new offer after Jul.

CGO
July 14, 2023
1:25 pm
JohnnyCash
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cgouimet said

Not unlike our situation.

I got 5.0 Dec to Feb or Mar. Then my wife got 5.25 Mar to Jul. Then my 5.0 stretched at 5.0 to Jul.

Now, her 5.25 is getting stretched at 5.25 to Oct.

And I'm waiting till Jul 24 or so to move my 5.0 $ unless I get extended before or maybe get a new offer after Jul.  

I'm in the same boat as you. Don't count on a double extension on the original 5% offer from December, it might be best to prepare to move your funds out and wait for another offer in September, or October. With some luck, it will be more than you're currently earning.

July 14, 2023
1:30 pm
Alexandra
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toto said
i just got the extension too. Until October 31, 5.25. Now I don't have to call them  

I just got the extension until 31 October @5.25% as well even though I moved all my funds out of my HISA two weeks ago or so. It would have been for existing funds though I believe as well as new money. Not just new money.

July 14, 2023
1:51 pm
Alexandra
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Alexandra said

I just got the extension until 31 October @5.25% as well even though I moved all my funds out of my HISA two weeks ago or so. It would have been for existing funds though I believe as well as new money. Not just new money.  

hmm when I look at the offer, it says on new money until 31Oct. But the e-mail to me said my current offer is extended. So does that mean if I had $50K in my HISA account on 31 July, that I would not receive interest on that from 1 Aug going forward? Anyway, I did take all funds out....but what if I had left them in?

July 14, 2023
2:06 pm
cgouimet
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JohnnyCash said

I'm in the same boat as you. Don't count on a double extension on the original 5% offer from December, it might be best to prepare to move your funds out and wait for another offer in September, or October. With some luck, it will be more than you're currently earning.  

Already scheduled.

CGO
July 14, 2023
2:09 pm
cgouimet
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Alexandra said

hmm when I look at the offer, it says on new money until 31Oct. But the e-mail to me said my current offer is extended. So does that mean if I had $50K in my HISA account on 31 July, that I would not receive interest on that from 1 Aug going forward? Anyway, I did take all funds out....but what if I had left them in?  

Scroll down and read thru ALL the email. Under legal, there is a statement re new deposits since MMM-DD ...

CGO
July 15, 2023
4:42 am
savemoresaveoften
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Got the extension as well. it mentioned new deposits which makes me think new deposits from jul31. But then in the T&C, it keeps the date as Mar2023-Oct2023. So that would mean existing balance since Mar2023 is included as well. They phrase it way more complicated than needed in my mind.

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