Tangerine 4.75% targeted new deposit offer Nov 1 2022 to Mar 31 2023 | Tangerine Bank | Discussion forum

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Tangerine 4.75% targeted new deposit offer Nov 1 2022 to Mar 31 2023
November 3, 2022
9:37 am
FastJonny
Ontario
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Tangerine 4.75% targeted new deposit offer Nov 1 2022 to Mar 31 2023.
Activate by Nov 30 2022.
Original balance is calculated as of close Oct 31 2022.

"Activate this online-only offer to earn a special 4.75% interest rate* until March 31, 2023 on new deposits to your Tangerine Savings Account(s), including TFSA, RSP, and US$, up to $1,000,000 per Applicable Account Type"

November 3, 2022
4:28 pm
COIN
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I'm still on the 4.3% promo.

November 3, 2022
4:40 pm
HermanH
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Lucky you. I called and am still at the 3.5% promo. Needless to say, my accounts are empty. sf-smile

November 3, 2022
4:51 pm
Alexandre
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I am on Tangerine 2.20% promo. Which is another way of saying I have $0 in Tangerine accounts now.
That promo lasts till November 30. Will be waiting for better offer in December.

November 14, 2022
11:30 am
jsk
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November 14, 2022
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For those of us who already have a Tangerine account, does this 4.75% apply? I can't locate it on the Tangerine website ...

November 14, 2022
11:48 am
hwyc
GTA
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Newbie JSK, if we say "targeted", it means the promo is by invitation from the bank.

November 14, 2022
11:55 am
Peter
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Once you've logged in, if you have received the targeted promo, you should see it under the Insights tab.

November 14, 2022
1:05 pm
jsk
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November 14, 2022
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Thank you hwyc and Peter, your quick replies are much appreciated!
Good to be a newbie with a bunch of experienced people! 😉

November 14, 2022
7:15 pm
Hmm
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No target promo for me. I moved my funds to HSBC as Tangerine would only give me 3.75%.

For whatever reason, I never get any Simplii promotions. I call whenever there's one listed and they say, I'm not eligible.

November 15, 2022
5:23 am
savemoresaveoften
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Looks like Tang also sends email reminding when the current promo applied to your specific account will end and mention there is no fee to close the account.
Just like Simplii does.
I speculate they do this email "reminder" so that when an account becomes inactive after 1-2 years and they start dinging you for $20 inactivity fee, one cant argue against it anymore.

November 15, 2022
6:35 pm
RetirEd
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savemoresaveoften: The Bank Act dictates what notifications (and when) depositors must get before inactivity fees may be levied, and when the banks must turn over any remaining deposits to the feds for preservation against claims by forgetful depositors or their heirs. There's a federal website one can search for abandoned deposits.
RetirEd

Sorry, don't know it.

November 15, 2022
9:24 pm
Norman1
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The federal Financial Consumer Protection Framework now requires those notices of promotions coming to an end.

Bank of Canada's Unclaimed Properties Office is where those inactive bank deposits are sent to after 10 years.

The provinces also have such offices for provincially regulated institutions.

November 16, 2022
2:16 am
davidgeorge
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Incrediable. After I transferred some fund ($25000 daily maximum) from Tangerine to HSBC, Tangerine locked my account. It took me 3 phone calls (long wait time for each phone call) to unlock my account.

November 16, 2022
9:35 am
HermanH
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April 14, 2021
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Yeah, they pull all kinds of these stunts. I, too, was a victim. They say it was because of 'suspicious activity', but then I am the dumb-ass who needs to waste an entire day waiting on hold for access to their security department in order to clear the hold. They create the problem, then do abso-freaking-lutely nothing to solve it.

November 16, 2022
10:09 am
Loonie
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Thanks for the info, Norman.

The FIs seem to be getting very edgy these days, i.e. more eager to pull the plug on us. I rec'd a notice from one of my FIs recently saying that I shouldn't expect that my ATM card will work overseas any more. This was not personal or related to usage as I don't even have a card with them. They said it was due to increasing fraud.

November 21, 2022
7:31 pm
Pirithous
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November 21, 2022
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Hmm said
No target promo for me. I moved my funds to HSBC as Tangerine would only give me 3.75%.

For whatever reason, I never get any Simplii promotions. I call whenever there's one listed and they say, I'm not eligible.  

No promo for me as well. As a longtime customer you'd think they'd throw you a bone every so often. No chance I guess.

Pirithous

"Sometimes I do what I want to do. The rest of the time, I do what I have to."

November 23, 2022
4:31 pm
maGIC
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Just received email….I am currently on 3% until Nov 30 with very little in my account.
email says that on December 1, I will receive another email. I need to accept the offer in the email that I receive on December 1.
4.75% until March 31.

“* The 4.75% Interest Rate Offer (the “Offer”) is only available to existing Tangerine Clients who have received this communication directly from Tangerine and who activate the Offer online by December 31, 2022. The 4.75% promotional interest rate (the “Promotional Interest Rate”) is valid from December 1, 2022 to March 31, 2023 (the “Promotion Period”) and is only available for eligible non-registered Tangerine Savings Account(s) (“Applicable Accounts”) to a maximum balance of $1,000,000 in all Applicable Accounts combined (“Eligible Balances”) during the Promotion Period. The Promotional Interest Rate is an annualized rate, calculated daily and paid monthly. This Offer can’t be combined with any other promotional rate offers for non-registered Savings Accounts. This Offer, including interest rates, may change, be extended or cancelled without notice.”

November 23, 2022
4:57 pm
hwyc
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maGIC, yours is a different offer … which belongs to a new thread.

The rate is also 4.75% but it does not say new money. Yours is only limited to non-registered accounts.

November 23, 2022
6:04 pm
maGIC
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Email also says
“To make the most of your special rate, just keep your money right where it is.”

Does not say new money, but may imply existing money. Or could suggest that if money is already in account, it will take full advantage of the time period.
Would be nice if they could send a truly clear message.

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