Kidd said
Here's another case. The seller hands over the merchandise after they receive an e-transfer deposit, then the bank (RBC) reverses the deposit.

https://toronto.ctvnews.ca/ont.....080749  

That article is now gone...

RM485 said

There was no notice about it in my inbox on the Tang site, nor does it show up anywhere when I log in to my account.

Once the offer kicks in April 1, the tiered rates offer will show up in an Insight. The applicable Tiered Savings Rate, depending on one's total daily balance, will then be the "Current Interest Rate" under "Account Detalls" of the savings account.

The tiered rates offers don't seem to be done the same way as previous targeted Tangerine offers.

My current promo of 4.2% ends on Mar 31 and I just found an em from Tang sent Mar 20 with the following offer starting Apr 1 for 6 months:

Total Daily Balance Interest Rate*‌‌‌‌‌‌‌‌‌
$0-$49,999 2.75%
$50,000-$99,999 3.00%
$100,000-$499,999 3.25%
$500,000+ 3.50%

Seems to be same fine print as you all have been talking about and it applies automatically Apr 1 (no opt-in required).

There was no notice about it in my inbox on the Tang site, nor does it show up anywhere when I log in to my account.

My two cents

Hi Dean,
.
Higher interest rates can be good news for your savings – especially with the security of a great GIC!
.
For a limited time, you can earn 2.85%* when you open a 180 day non-registered GIC and fund it by April 2, 2026.

.
Not bad, for Tangerine !

Dean

It is quite easy to attract deposits once a lender can offer insured deposits. Just offer a leading rate on the deposits and the money will pour in.

Equitable Bank did that years ago through EQ Bank and they couldn't onboard new depositors fast enough! New EQ Bank clients were issued reservations on a list and had to wait weeks on the list before their staff could onboard them.

However, it is not as easy find borrowers for the deposited money who will likely repay what they borrow as agreed.

In any case, it comes at a good time, as my current Meridian promo @ 4.70% will be expiring in early April. I just wish the Tang promo duration period was longer. However, since this is my First Tang targeted offer, probably best to accept and use it to some extent.

But they make money off their credit cards, mutual funds, mortgages, etc, so maybe it's targeted to customers, or not-yet customers, who their computer thinks have potential to contribute to other Tangerine revenue streams now or down the road. People who do nothing but chase highest interest rates on their deposits might not really be desirable to Tangerine. Or any bank, for that matter.

Also having promos of various kinds just kinds of adds to the buzz about your bank, people see the ads, etc, so it's just another form of marketing.

Jim Sherat said

which begs the question ... then why did THIS https://www.highinterestsaving.....y-31-2026/ just come out ?

That is a marketing exercise, like paying millions of dollars for naming rights on a stadium.

Bank of Nova Scotia has a AA debt rating and doesn't need to pay junk bond rates, like 4¼%, through their wholly-owned Tangerine Bank for short term funds.

everhopeful said
Heres what I'm getting:

Right now, money you bring to Tangerine can go even further when you invest it‌‌‌‌‌‌‌‌‌.
Remember, you’re earning extra interest on your Savings based on your total daily balances – including eligible Savings, Chequing, GICs and Investments‌‌‌‌‌‌‌‌‌.
So pair that with a 2% Investment Bonus* and get your money working even harder for you‌‌‌‌‌‌‌‌‌.
Here’s what you should know:

You could unlock your next Savings Tier
Adding to your Investments grows your total daily balances and can help you build momentum‌‌‌‌‌‌‌‌‌.

Get a 2% Investment Bonus*
Contribute or transfer $25,000+ to a Tangerine Investment Fund Account (no GICs) to earn an investment Bonus‌‌‌‌‌‌‌‌‌.

Make your money work harder
Make the most of your Tiered Savings and reward your investments with a 2% Bonus.

Looks like they are taking some cues from Wealthsimple. I am so done with Tang and their gimmicks and lottery rates.  

I received the same offer. I don't know if it's just my impression, but it seems less clear than others… It is certainly NOT for me.

Norman1 said
Tangerine Bank doesn't really care.

Their December 2025 OSFI consolidated balance sheet shows only $5.3 billion of their $44 billion of deposits has been loaned out.

The remaining $38.7 billion is parked in cash and cash equivalents. No pressing need for more deposits.  

which begs the question ... then why did THIS https://www.highinterestsaving.....y-31-2026/ just come out ?