Canadian High Interest Savings Bank Accounts - Forum: Tangerine Bank

rk on Time to spin the wheel again on the Tangerine lottery

Thu, 07 May 2026 04:49:41 -0700

willpower said
Well my 9 months of Tangerine Jail (AKA low tiered rate offer) ended on March 31st. I was pretty happy to see the 4.25% offer until July 31st when I logged into my account today.

My 'Tang jail' time is not over yet. It ends this month, though. Fingers crossed for the June lottery.

Top Dogg on Time to spin the wheel again on the Tangerine lottery

Thu, 07 May 2026 03:09:54 -0700

I logged into Tangerine yesterday and got the 4.25% promotional offer Until July 31st to. They left me hanging for a month but then came back to me! I got the email today regarding the promotional interest rate off. They still love to slow roll you a little if you don't log in..lol.

smayer97 on US$ GIC

Wed, 06 May 2026 01:14:03 -0700

Sorry for the imprecise info. That is correct....subject to 15% withholding tax, which is NOT recoverable. So needs to be factored into investment choices in TFSA.

Norman1 on US$ GIC

Wed, 06 May 2026 00:49:07 -0700

TFSA accounts are covered under the US-Canada tax treaty. Just not as a retirement account, as AltaRed described.

US dividends to a TFSA are subject to a 15% withholding under the treaty instead of the non-treaty 30%.

AltaRed on US$ GIC

Wed, 06 May 2026 00:32:23 -0700

smayer97 said
I just learned this week that foreign investment in a TFSA is NOT covered by Foreign tax treaties, unlike RRSP, so gains would be subject to Taxable income owing in the US in this case.

It is not quite like you suggest. A TFSA is not recognized as a retirement account by the IRS and thus is just another non-registered account for US tax purposes. A Canadian citizen residing in Canada has no US tax obligation beyond withholding taxes, just as in a non-registered accountt.

For ex-pats residing in the USA, any holdings in a TFSA would be subject to 1040 taxation which is why it has been typical advice for ex-pats NOT to keep investments in their TFSAs.

A dual citizen such as a US citizen residing in Canada filing a 1040NR would face a similar issue.

smayer97 on US$ GIC

Tue, 05 May 2026 22:16:03 -0700

I just learned this week that foreign investment in a TFSA is NOT covered by Foreign tax treaties, unlike RRSP, so gains would be subject to Taxable income owing in the US in this case.

hwyc on US$ GIC

Tue, 05 May 2026 12:41:43 -0700

It would seem the Tangerine US$ GIC is a dead end to me because I want to allocate these under TFSA.

willpower on Time to spin the wheel again on the Tangerine lottery

Tue, 05 May 2026 09:55:28 -0700

Well my 9 months of Tangerine Jail (AKA low tiered rate offer) ended on March 31st. I was pretty happy to see the 4.25% offer until July 31st when I logged into my account today.

AltaRed on US$ GIC

Tue, 05 May 2026 09:08:04 -0700

hwyc said
Saving is an art. What else do you see here?

Nothing that has been known by everyone(?) for many months I suspect. Hence the reason I asked the question, i.e. is there something new you wished to inform the forum on to dedicate a thread to?

P.S. The discount brokerages have similar CAD-USD GIC yield spreads

hwyc on US$ GIC

Tue, 05 May 2026 07:33:26 -0700

Saving is an art. What else do you see here?

Yes. I have been noting the C$ U$ differences on several posts now.

(On 2nd thought) Yet among the banks/CUs on the GIC comparison chart, I don't know how many offer U$ GICs. Therefore, the flip side of my question ... What else is missing? Why?

AltaRed on US$ GIC

Tue, 05 May 2026 05:23:27 -0700

Was there a point you wished to make about the difference?

The US Fed rate is 3.5-3.75% vs 2.25% for BoC. The US 5 year bond yield is about 4% vs 3.2% for GoC 5 year bond. It seems to me to be about the right spread.

mustang on Time to spin the wheel again on the Tangerine lottery

Tue, 05 May 2026 05:07:43 -0700

I had logged in earlier today, to download my statement. Nada there.
Just went back in now, after reading these messages
Lo and behold, there is the 4.25% until Jul 31!
After a dry spell, I did have one that ran out March 31, so only a one month lag
Spouse just had one run out on April 30, so, of course, I had just finished transfering her funds out of Tangerine
Now, they will be going back-- under my account
Sort of like musical chairs, I guess
Anyway, pretty fortunate to get this
I had moved all CAD funds to WFCU, but really didn't have a home for the USD-- so this works nicely

Newton on Time to spin the wheel again on the Tangerine lottery

Tue, 05 May 2026 04:04:50 -0700

I got offer at 4.25% until Jul 31.

JohnnyCash on Time to spin the wheel again on the Tangerine lottery

Tue, 05 May 2026 03:21:34 -0700

Dean said
.
Up until about a year ago, my Wife & I had a Major long-running Gold Mine of Tangerine special SA offers.

Sadly, that's all run dry since then ... with Nada offers for many months now.

I guess they don't like us no more.
Dean

Don't feel bad, I recently went a whole year without an offer. Prior to that, I ignored an offer once and got blackballed for 9 months.

hwyc on US$ GIC

Tue, 05 May 2026 03:14:13 -0700

US$ 1-5 yr GIC range from 4%-4.40%

and C$ only range from 3.5%-3.8%