Tangerine Summer 2017 promotion | Page 6 | Tangerine Bank | Discussion forum

Had moved funds to Chequing a day or 2 before the end of the month
Was offered 3.1 % for both of us this time
The last spring round was the 2.83 %

My son only has $5,000. He opened a checking account online on sunday and just transfer his balance from saving on the same day. Tuesday he got the 3.22% offer... We know that the amount is not by itself a yes or no criteria for who gets what offer.

Nav66 said
More info..... I did move all of my money directly to my linked EQ acct on June 30th and moved it back today (had to wait for the hold period at EQ). Amount is 335K.  

In January when I moved mine back I could only do $30k at a time. What did you do just now to move it back?

Those with Tang & EQ acnts might find this interesting: First, log into your Tang acnt and create a link to your EQ acnt then log into your EQ acnt a create a link to your Tang acnt. When moving $$ from Tang to EQ, do it from the EQ website. EQ will pay interest on the $$ starting THAT day! AND Tang will continue to pay interest that day and the next! YES...the $$ earns interest at both banks for two days. When moving $$ from EQ to Tang, do it from the Tang website. Tang starts paying interest the next day while EQ doesn't STOP paying interest 'til 2 BANKING days later. (which means 2 extra days of double interest on weekends). Hope some find that helpful. Cheers

No promo rate offer for either my account or my wife's.

Kind of expected for mine since I had an existing 2% retention offer that only just expired today, but my wife's has had nothing (no retention or promo offers since July 2016).

I just called them and got the same 2% retention on my account extended for another 90 days.

I have been reading all post about the "Tang Promos" for many months and I concluded that nobody knows for sure their "algorithm" (if any) to offer or not a 3%+ promo.

I personally gave up trying to get a 3%+ offers by removing all my $ in the account. Been there, done that, but for some reasons ("algorithm ?"), it has never worked for me. i.e. "No soup for you, come back three months"

Alternatively, each time I call Tang, I get 2% in 1 minute of discussion....even with a 0$ balance... So they do no hate me, at least.

One thing that I do not have is a "cheque account" with Tang. In fact, I have only one HISA and nothing else. (???... perhaps this is part of the "algorithm " ???)

So: Is there anyone here who got a 3%+ offer and who only has ONE HISA with Tang and nothing else ?

Because there was a change to Tangerine's fees in the last quarter to start charging for an unused chequing account (forgotten over what period), I closed my chequing account (my wife never had a chequing account). Neither my wife nor myself received an offer from Tang. I had called on June 30 (was getting 3.21%) and moved the cash to TD. I didn't ask for nor did they make any retention offer.
So I am also now wondering about the chequing account as we had both received the offer every time up to now and we both have over $100k our saving accounts accounts. So I would also like to know if the chequing account is required. Anybody else?

Rick said
As usual, Tang's method for who gets what rate is a mystery, but I'm starting to think that the people that have actually moved their money out of Tang at one time or another are the ones that get better promo offer rates. Kind of make sense. Why give a better rate to anyone who will settle? Not saying that is your case, but have you ever drained the account for equal/better rates elsewhere? Just curious.  

Never drained my account, because all the options with better rates have something that's a deal breaker for me (e.g. EQ doesn't support joint accounts, Hubert doesn't support account renaming, etc.).

But yeah, based on all the replies over the past several quarters, it seems more like Tangerine is in the data gathering phase of a randomized controlled trial.

Meaning they're randomly giving everyone different offers on purpose, with the eventual goal that once they have enough data points they'll be able to mine it for patterns on customer behaviour so that they can better target offers in the future.

Curious to see how their algorithm worked so opened new customer account with 6 month promo including chequing account and CC. I kept deposit amount small @ $10,000 and chequing at $100. New client promo ended in middle of quarterly promos so pulled all funds out and cancelled CC. HISA and chequing at zero balance until July 4th. Offered 3.22%. I'll deposit CDIC limit this round, cancel the chequing account and pull all funds bf promo ends. Curious to see next offer. Yes, I have to find better things to do with my time. Lol.

Loonie said

DavidAlta13 said

Hubert is insured by gov't of Manitoba w no limit, so no worries there

Correction: Hubert is not insured by govt of MB. It is insured by the Deposit Guarantee Corp of Manitoba which is legislatively regulated by MB govt but not funded by them. See various previous threads on this topic.  

Thanks, Loonie. I should have simply said that since Hubert has no limit on the amount insured, I have no worries depositing my $300K-$400K there.