Top Dogg said
Hi,

Is anyone else currently on the 4.25% Tangerine promotional interest rate offer which runs out after today (Friday July 31, 2026)? I'm just wondering if anyone has gotten an extension to this offer or have any other suggested promotional interest rate offers similar to this one at other Financial Institutions? Also, should I move my funds out to my Tangerine Chequing Account before the end of the day in hopes of received another promotional interest rate offer from Tangerine?

Thanks,
TD  

No extension, had there been one we would have known about it. It's been a long time since they've done extensions. The typical pattern when a Tangerine promo ends is that you'll typically get another offer after a lull of a month, so September. I would wait until tomorrow, then move your funds into the chequing account, might as well squeeze another day out of the promotional interest. Snapshots don't typically occur until at least a few days into the month.

Is anyone else currently on the 4.25% Tangerine promotional interest rate offer which runs out after today (Friday July 31, 2026)? I'm just wondering if anyone has gotten an extension to this offer or have any other suggested promotional interest rate offers similar to this one at other Financial Institutions? Also, should I move my funds out to my Tangerine Chequing Account before the end of the day in hopes of received another promotional interest rate offer from Tangerine?

Thanks,
TD

That said, it used to be possible to call in for them to override the $25K/day max by having them perform the transfer. Have you tried that? Is this still possible?

For completeness/clarity : yes, I called in. After an extensive conversation about my previous point (3), the CSR set up a single transfer of > $80K from my TNG savings account to an external account, which was deposited at the destination the next day.
HTH.

On another (slightly OT) point : a couple of weeks ago, I was able to link a TNG-external account ( at CIBC as it happens ) without using any third-party websites or services : i.e. entering the branch/institution/account numbers manually which were then verified with the "two micro-deposits" process. It took a couple of days to complete. I was pleasantly surprised : I had the impression that TNG had completely done away with the manual-entry+micro-deposit process some time ago, like several other FIs appear to have done.
HTH, again.

hwyc said
Now I see the $200 per month deposit threshold! It's much lower than the other one I know of.  

hwyc:

As it turns out the interest rate is no longer competitive 2.50% versus 3.00%. The maximum balance of $25k was always pretty lame. The low de minimis amount of $200 was much better than other players. I am still miffed at EQ Bank as they originally had an exception to their $1,500/month de minimis rule. Then, after a few months they changed their mind and said it was too much work to administer the exceptions (demonstration that you were depositing the entire entitlement of your government payment) and instead of grandfathering existing exceptions they morally breached (I suspect legally they had the ability to do so) the contract and terminated my interest rate promotion.

So, now I have little to do with EQ Bank, and little motivation to ever do anything with them again. I do maintain accounts there as they have higher than average Interac limits and it is relatively easy to fund from linked accounts. Sometimes having multiple large Interac limits allows movements of significant cash in short order. So, I have the ability with one fintech and other FIs of daily moving $25K, $12K $5K, $4K, $3K, $3K. One obviously needs some advance notice to fund these accounts, but this is the only reason I maintain accounts at EQ Bank. I have used this functionality probably 3 or 4 times in the last year. So, it is more than hypothetical benefit to me.

I even changed my direct deposit from EQ to Tangerine and once the Tang promo pays out, I suspect I will make a more permanent change to my direct deposit instructions (which will not involve EQ). For context, I have have the same direct deposit instructions at the CRA for as long as I can remember. I need an incentive to change such instructions. EQ Bank was the first example of this. I jumped through more hoops to get the Alberta Energy Rebate than I did to change my direct deposit instructions from EQ Bank to Tangerine.

I think that Manulife has finally figured out that many customers want a longer term promotional offer with an above average interest rate and clarity of CDIC insurance (no games like Wealthsimple). Thus, even though I could be acquiring many lottery tickets at Wealthsimple right now, all of my surplus cash is parked at Manulife (a reward for their promo offer duration and no interest rate tiers and a decent back office).

I did receive my CPP payment early this morning at Tang. A day earlier than the Government of Canada represents as the payment date (3rd last business day of the month, except for December). I have already redeployed this payment to Manulife.

This recent (many years now) of short term promotional interest rate offers has altered my view of cash management. I have consciously decided to go up the risk curve to park my surplus cash in bonds/debentures of a short term nature (up to 4 years) and based upon some forum members on this site also used brokerage HISAs and some short term bond ETFs. This has the effect of reducing how much cash I have available for bank/fintech HISAs. I have enough short term investments that have pregnant capital gains that I have more economic security to go up the risk curve. Due to the short term nature, barring a negative credit event, the worst case is that they will revert to their face amount at maturity. In my case this reduction has been significant. I no longer am willing to park 6 figure sums in bank/fintech HISAs for prolonged periods. If I have surplus cash from a brokerage event, then I will now consider short term parking at Manulife, given the visibility and then take a little more time to redeploy the assets within the brokerage universe. If I was more disciplined I should have Plan B and Plan C already in my head and avoid this intermediary step.

This last point
(4) IMHO makes the "schedule a transaction ahead of time" feature considerably less customer-friendly than it might be (and of course causes us phone-in so they can try to talk us out of transferring funds to better offers elsewhere ).
but
(5) is not unique to TNG ( e.g. I have previously experienced a similar issue at Simplii ).

bhuc said
What has happened to customer service.
I called in and requested a call back.
Call came 15 minutes later and it rang 3 times just hung up.
Called a gain , waited 15 minutes on hold and then it started to ring and then just hungup.

This is not a bank i want to do biz with.
I give tang a 0 star rating  

From my previous experience, after requesting a callback, an automated call is made to confirm wish to speak, then within 60 seconds an agent gets on the line.

This is not a bank i want to do biz with.
I give tang a 0 star rating

Offer includes Savings, RSP, TFSA And US$ accounts

hwyc said
Tier rates apply to eligible savings account from MA01 until OC31, 2026

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

We’ll calculate your total balances across all your eligible savings, chequing, and *investment accounts ACB* and apply your tiered rate to your existing eligible registered and non-registered savings account(s) on a daily basis, and paid monthly

Finally my 1st time … lucky me!  

And a one time maneuver to leapfrog the total balances ...

My original intention was to reduce market exposure. I switched my RSP investments in from the Balanced Portfolio to Balanced Income Portfolio. Lo & behold, the *gain* from the old become the *cost* of the new!

As a result, I am also closer to cross the next tier threshold

cgouimet said

Interesting. I have a low ball tier that runs thru Sep. My wife a much much better one thru Dec. Neither was optional.  

I suppose it's no skin off their back to offer the option to decline, doesn't mean much if they can turn around and arbitrarily apply it to an account on a whim - what are you going to do about it.