Tangerine - Targeted Offer - 3% for 180 days (Oct 4/18) | Tangerine Bank (formerly ING Direct) | Discussion forum

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Tangerine - Targeted Offer - 3% for 180 days (Oct 4/18)
October 4, 2018
11:15 am
rqs
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By phone, was offered 3% for 180 days (expiring April/19). This replaced previous offer of 2.75% for 270 days (expiring Jan/19). Limit was also increased beyond $500K.

October 4, 2018
12:15 pm
toto
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I just called to get this offer because I'm on the 2.5 offer. They said they will get a manager to call me back, I will tell them that I'm thinking of taking the rbc 3 percent offer as leverage.

October 4, 2018
12:33 pm
Londonguy
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rqs said
By phone, was offered 3% for 180 days (expiring April/19). This replaced previous offer of 2.75% for 270 days (expiring Jan/19). Limit was also increased beyond $500K.  

Me too. I turned them down.

I'm already getting 3.25% at DUCA until early December, and expect to have plenty of alternatives better than Tang's 3.00% offer if as or when it comes time to move

October 5, 2018
8:03 am
hotmony
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Can money be takin in n out thoughout the 180 and still qualify for the 3%?

October 5, 2018
9:30 am
rqs
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yes...just like any other HISA.

October 5, 2018
2:08 pm
rfdm4g4g9
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rqs said
By phone, was offered 3% for 180 days (expiring April/19). This replaced previous offer of 2.75% for 270 days (expiring Jan/19). Limit was also increased beyond $500K.  

Did they call on their own?

Or you only got the call after you called in to negotiate a better rate or threatened to move your money to RBC , DUCA or TD etc for 3 % or higher ?

October 5, 2018
2:50 pm
Kidd
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Rfdm.....

Tangerine has a selection process which no one on earth can understand. They make the calls, with their special promo rates. It might be only for those who put on their left shoe first, before the right.... hmm? How do they know this?

October 5, 2018
4:07 pm
rqs
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They called on their own. The call was for my wife. After we accepted it, I asked them to check if I was also eligible. After a few moments on hold, they advised that I was eligible.

October 5, 2018
5:22 pm
Save2Retire@55
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Have been with them for years but never ever got a call for any interest promotion.

October 6, 2018
9:23 pm
bpwest
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Tangerine phoned this week, unsolicited, to offer me 3% on a one year GIC. Nope, not interested. Was questioned whether a higher rate for 1 year GIC would interest me, and what would I hope to get for a rate...said I still wasn't interested ( I did not suggest 3.25, 3.50 etc, just said not interested, and was not 'teased' with a rate above 3%.

Then CSR asked if I would be interested in 3% for 180 days, total balance, up to $500,000; I accepted.

I have a history of quarterly offers, new money only. In January I accepted a 5 month offer, 2.50%, until end of May. In early April, rec'd phone call, offering 2.75%, 270 days, which superceded previous offer; I accepted. Now, another phone call, with an offer superceding my 270 day offer...

So, long story shot, my offer was very similar to OP, but was also offered 1 year GIC firstly, before 3% 180 day offer. Dunno Tangerine strategy, that's for sure!

October 7, 2018
3:13 pm
Kidd
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bpwest said
Tangerine phoned this week, unsolicited, to offer me 3% on a one year GIC. Nope, not interested.  

I think i would take 3% on a one year GIC. No... i know that i would take 3% on a one year GIC.

October 7, 2018
8:30 pm
Joe
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Kidd said

bpwest said
Tangerine phoned this week, unsolicited, to offer me 3% on a one year GIC. Nope, not interested.  

I think i would take 3% on a one year GIC. No... i know that i would take 3% on a one year GIC.  

I opened an account online with Meridian....took me all of 5 minutes, 3.25% 1 yr GIC and 3.15% savings account (6 months)

October 8, 2018
10:06 pm
hotmony
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Tang will do 3% 1yr

October 9, 2018
8:09 am
Johnny CASH
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Never received a call so called in and agent said he didn’t know anything about the 3% special and offered me 2.5% for ninety days. So I took it and moved all my money to Ideal Savings that’s paying 2.76%.

October 9, 2018
11:34 am
Kidd
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My current 2.5% promo was supposed to end on November 30th 2018. I called tangerine this morning and i had the promo offer extended for 6 more months at 3% on the entire balance, not just new money.

I was offered the 1 year gic at 3%. I mentioned meridian offering 3.25% on a 1 year gic, the girl stated that she could NOT match that offer.

Added edit...

the phone number i called is. 1 888 600 9890.

October 9, 2018
5:33 pm
Loonie
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Well done, Kidd! Does your new deal start immediately and run to April, or will it start Dec 1?

October 9, 2018
5:44 pm
Kidd
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The new term should start tomorrow and run until april.

When i have the confirmation online, i'll post the picture here as proof of the details.

October 10, 2018
5:27 am
Kidd
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Here are the terms and conditions of tangerine’s new 3% offer.

First, tangerine ended my 2.5% winter promo early. Moving the end date from Nov 30 2018 to Oct 08 2018. The new 3% rate promo started on Oct 09 2018.

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October 10, 2018
6:03 am
Top It Up
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SO ... according to this language the 3.00% interest rate is NOT guaranteed over the term ... is this now the new standard?

2. "Additional Interest" is 1.75%. Additional Interest is added to the applicable posted rate of interest listed on the Bank's website (the "Posted Rate") to calculate the total amount of interest payable under this Offer. (For example, if the Posted Rate were 1.05% and the Additional Interest were 0.45% then: Posted Rate of 1.05% + Additional Interest of 0.45% = Offer of 1.50%). Any change to the Posted Rate will result in a corresponding change to the Offer. Additional Interest and/or Posted Rates may change at any time without prior notice. Eligible Clients will receive the Offer in two separate interest payments, one based on the Posted Rate and a second based on the Additional Interest rate.

October 10, 2018
6:50 am
Loonie
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Sounds like the same old language to me. This is the way they always phrase it. What it means is that if the regular rate should go down, it will be compensated by the promo rate. This has been discussed here previously.

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