Tangerine cutoff date/time for Additional Interest | 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 cutoff date/time for Additional Interest
January 10, 2017
10:16 pm
Lodown
Member
Members
Forum Posts: 249
Member Since:
January 10, 2017
sp_UserOfflineSmall Offline

"Additional Interest will only apply to net new Eligible Deposits that raise the Applicable Account Type balance above the January 04, 2017 balances and any deposits in an Applicable Account equal to or less than the Applicable Account Type balances as at January 04, 2017 will not earn Additional Interest."

Would anyone know if Tangerine means beginning-of-day or end-of-day balances found on Jan 04, 2017? I ask because I transferred my funds out on January 04, 2017.

January 11, 2017
9:41 am
Righand
Member
Members
Forum Posts: 107
Member Since:
December 15, 2016
sp_UserOfflineSmall Offline

Lodown said
"Additional Interest will only apply to net new Eligible Deposits that raise the Applicable Account Type balance above the January 04, 2017 balances and any deposits in an Applicable Account equal to or less than the Applicable Account Type balances as at January 04, 2017 will not earn Additional Interest."

Would anyone know if Tangerine means beginning-of-day or end-of-day balances found on Jan 04, 2017? I ask because I transferred my funds out on January 04, 2017.  

What did they say when you asked them ?

January 11, 2017
11:35 am
Top It Up
Member
Members (temp break)
Forum Posts: 1363
Member Since:
December 17, 2016
sp_UserOfflineSmall Offline

Lodown said

Would anyone know if Tangerine means beginning-of-day or end-of-day balances found on Jan 04, 2017? 

I've been out of the chasing interest rates game for so long BUT who uses beginning-of-the-day balances to calculate interest?

January 11, 2017
12:33 pm
Bill
Member
Members
Forum Posts: 4021
Member Since:
September 11, 2013
sp_UserOfflineSmall Offline

It's not about calculating interest, it's about the ambiguous wording "as at January 04" as it relates to eligible promo bonus interest amounts, so it makes sense to verify. As Righand indicates, need to ask them.

Please write your comments in the forum.