Canadian High Interest Savings Bank Accounts - Forum: Tangerine Bank

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

Fri, 15 May 2026 08:12:17 -0700

Just activated the 4,25% interest

Thanks!

Rail Baron on Time to spin the wheel again on the Tangerine lottery

Fri, 15 May 2026 01:50:13 -0700

RaySee said
I just got an email from Tangerine announcing the good news that, starting June 1, I've been promoted to the tiered savings rates. I can get 3.5% if I have $500K on deposit.

Has anyone been given the 3-month promo lottery rate after being migrated to tiered interest rates? Or am I stuck with this uninspiring "promo" forevermore?

I've been in the tiered rate scheme (scam) for almost one year now and have received zero promos during this time. I don't know when the tiered promo ends, or if it will be a life sentence!

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

Thu, 14 May 2026 15:22:26 -0700

Tiered interest is just a cheap trick to cut rates. Interest rates on savings are never enough to make up for the risk involved in uninsured cash.

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

Thu, 14 May 2026 14:41:23 -0700

Is there a place in the Tangerine account to see all those potential offers ?
I never get automated ones. I almost never get selected for them (except the 9 Month offer which was pretty decent).

What's with this "tiered Savings" promo ?

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

Thu, 14 May 2026 08:31:58 -0700

I just got an email from Tangerine announcing the good news that, starting June 1, I've been promoted to the tiered savings rates. I can get 3.5% if I have $500K on deposit.

Has anyone been given the 3-month promo lottery rate after being migrated to tiered interest rates? Or am I stuck with this uninspiring "promo" forevermore?

Rail Baron on US$ GIC

Mon, 11 May 2026 02:42:21 -0700

Bill said
Don't forget to consider a change in exchange rates effect on your total yield, it's not just interest rates now that you're considering.

That's a good point, but my skills in exchange rate forecasting are not high. Trying to predict the USD value in 18 - 24 months is a tough call for me, given the world's current volatility. Since I have a portion of my assets already in USD, I work on investing them in that currency, and not moving (much) money between currencies.

Bill on US$ GIC

Sun, 10 May 2026 09:32:08 -0700

Don't forget to consider a change in exchange rates effect on your total yield, it's not just interest rates now that you're considering.

Rail Baron on US$ GIC

Sat, 09 May 2026 05:48:05 -0700

Turning back to the original focus of this thread, the USD GIC rates at Tangerine are a bit better than I was able to find at other FIs which offer electronic purchasing.

I've had mixed results with the GIC brokers, so have focused on direct purchasing since GIC rates are not (now) that much higher from brokers. And while the State Bank of India does offer higher rates, these come with hassles of in person visits to a branch which is far from my home, plus some minor fees for opening an associated chequing account.

So I'll be filling up to my CDIC limit with 1.5 and 2 year USD GICs at Tangerine next week. I don't want to invest the US cash in equities until after their market corrects, and this appears as good a place as any to keep those funds from losing purchasing power.

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.