Tangerine 2% one-year GIC retention offer | Tangerine Bank | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Feed Topic RSS sp_TopicIcon
Tangerine 2% one-year GIC retention offer
August 17, 2014
1:45 pm
Norman1
Member
Members
Forum Posts: 3275
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline

Looks like Tangerine Bank is offering some customers a 2% one-year GIC when they transfer funds out of their Tangering Savings Account.

No sign of the offer on their web site, where a one-year GIC is currently 1.35%. Someone reported a similar offer in May on RedFlagDeals: Thread: Tangerine offers 2% on one year GIC

A friend showed me a screenshot of what he was offered this past week:

You're moving $▒▒▒▒▒▒▒ out of your Tangerine Savings Account.

How about moving that money to a 1 Year Tangerine GIC at 2% instead?

You'll have $▒▒▒▒▒ in guaranteed interest at the end of the 1 year term, and your money will grow safe and secure, without fees or service charges.

August 17, 2014
4:48 pm
Jack Manning
Member
Banned
Forum Posts: 379
Member Since:
August 5, 2014
sp_UserOfflineSmall Offline

Norman1, Oaken Financial has a 2.00% 1 year cashable GIC after 90 days with no interest lost and penalties to pay of any sort.

Many others have higher 1 year GIC rates like Peoples Trust 2.40%, Accelerate Financial 2.25%, Hubert Financial 2.35%, Maxa Financial, Achieva Financial, Outlook Financial all have 2.15%, Comtech C.U., Steinbach C.U all have 2.10%.

August 17, 2014
7:53 pm
bb123
Member
Members
Forum Posts: 49
Member Since:
March 2, 2014
sp_UserOfflineSmall Offline

Implicity offers 2.25% for 1 Year and they have Me-to-Me! And their Savings pays 1.90%. Both much better than Tangerine and not specials. Just great rates. Too many gimmicks at Tangerine for my liking.

August 17, 2014
8:40 pm
kanaka
Member
Members
Forum Posts: 1232
Member Since:
December 23, 2011
sp_UserOfflineSmall Offline

bb123....I have to agree.....Ing now Tangerine....maybe should be called Lemon!!! I emailed them twice for information and took 7-10 days to respond.....two times. They advertise and then don't answer promptly....bad way to show your cards.......and you know what they say about first impressions!!!! lol

August 17, 2014
10:12 pm
kanaka
Member
Members
Forum Posts: 1232
Member Since:
December 23, 2011
sp_UserOfflineSmall Offline

Also don't let the now loosely used word "retention" give you a good feeling that you are getting a good deal. I recently dealt with the retention guy at Telus....yes he listened and did do some resolution to make me feel better and gave me a special deal only offered by the retention department.....but over all they will get the best of me. Could I have changed carrier for a better deal...yes. But was more "convenient" for now, not to make any "changes".

August 18, 2014
5:35 pm
Loonie
Member
Members
Forum Posts: 6270
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline

Telus = Bell = Rogers.
We just had extended conversations with Bell today regarding the wild fluctuation in our bills. The best they could come up with was that "they" decided that the deal we'd had for the last several months (supposedly, we were told, for 2 years, but not a written contract - we have name, date, time) was too good, so they added about $35/month to the bill. We have now gotten it back down to a more reasonable rate, but as for the rate we were promised for 24 months, "we no longer offer that rate".
Honestly, if this were a start-up company, it wouldn't get out of the starting gate.

August 18, 2014
5:37 pm
Norman1
Member
Members
Forum Posts: 3275
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline

Thanks, Jack and and bb123. I didn't find the Tangerine 2% GIC offer very appealing either. Neither did my friend.

He was actually transferring the funds out to be placed in one of the Manitoba credit unions you both mentioned.

August 18, 2014
5:45 pm
kanaka
Member
Members
Forum Posts: 1232
Member Since:
December 23, 2011
sp_UserOfflineSmall Offline

Loonie said

Telus = Bell = Rogers.
We just had extended conversations with Bell today regarding the wild fluctuation in our bills. The best they could come up with was that "they" decided that the deal we'd had for the last several months (supposedly, we were told, for 2 years, but not a written contract - we have name, date, time) was too good, so they added about $35/month to the bill. We have now gotten it back down to a more reasonable rate, but as for the rate we were promised for 24 months, "we no longer offer that rate".
Honestly, if this were a start-up company, it wouldn't get out of the starting gate.

That is odd...lol. They record the call to commit you to the contract. Thus I prefer email over a call. If "you" wanted out they would refer to the original call. I think "we" customers need to record the call for ourselves too. I pay 100 a year, 10 cents a minute, plus another 50 cents ld, call my wife's cell free, texting 30 cents in/out ( but never use), and can have 3 voice mails. So total for each is around $150 a year. I buy good second hand iPhones and use iMessage and FaceTime over wifi. Have you looked into 711 Speakout prepaid?

August 18, 2014
9:21 pm
Jack Manning
Member
Banned
Forum Posts: 379
Member Since:
August 5, 2014
sp_UserOfflineSmall Offline

One of my relatives works for the Malton Airport and he told me recently that his 3 separate, 1 year GIC, RRSP, TFSA rates are 2.21% that was offered to him at the Airline Financial Credit Union.

Please write your comments in the forum.