Targeted 2.8% on new money, April 3 to August 31, 2020 | Tangerine Bank | Discussion forum

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Targeted 2.8% on new money, April 3 to August 31, 2020
April 5, 2020
4:28 pm
Norman1
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dommm said
… I also noticed I have been given a new offer of 2.8% until August in my savings account so I will transfer my money from Laurentian over to Tangerine for the duration of the offer or until something better arrives.

That deserves its own thread! sf-smile

I logged into my account and was also given the same 2.8% offer.

April 5, 2020
5:01 pm
Bill
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I'm assuming neither of you is on an existing offer - ?

April 5, 2020
9:01 pm
Norman1
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I wasn't on an existing offer.

My last offer from Tangerine ended sometime last year.

April 6, 2020
3:53 am
JenE
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I wasn’t on an existing offer, also offered 2.8% until Aug. 30.

April 6, 2020
5:58 am
dommm
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Your assumption is correct Bill.

April 6, 2020
10:35 am
Adam1
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I got this offer as well, unexpectedly. In the past I've seen lots of targeted offers from Tangerine for existing customers and this is the first one they offered me. I remember the only other offer I got was the new customer promotion: 2.4% for 6 months. Moved all my money from Motive savings, currently 2.2%, until the bonus interest ends.

Irrelevant: I noticed it's a lot quicker to send e-transfers from Tangerine. Unless it's a large amount, it always sends right away. Motive takes 30 minutes no matter what.

Adam

April 14, 2020
9:23 am
Peter
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Tangerine's base savings account interest rate is down to 0.25% (from 0.40%) although the effective promo rate is unchanged.

April 14, 2020
11:51 am
Vatox
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Peter said
Tangerine's base savings account interest rate is down to 0.25% (from 0.40%) although the effective promo rate is unchanged.  

So Tang is thinking that someone getting 2.75% or 2.5% is going leave their money in the account after the promo ends! I don’t think so. I was already going to remove my money when it was higher yet still pathetic.

April 14, 2020
12:19 pm
toto
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After I bought tangerine gics at the good rates couple weeks ago, I got a target rate of 2.8 on my savings account
Could my purchase of gics spurred the target?

April 14, 2020
2:33 pm
JenE
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Same thing happened to me....

April 14, 2020
3:24 pm
Winnie
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toto said
After I bought tangerine gics at the good rates couple weeks ago, I got a target rate of 2.8 on my savings account
Could my purchase of gics spurred the target?  

I also received this offer 2.8%.
I didn't purchased any Tangerine GIC's in the last 10 years.
Savings account balance - close to zero, a few cents.

April 14, 2020
9:59 pm
Norman1
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No Tangerine GIC purchase here either and I received the 2.8% offer.

I suspect it is just a random selection of Tangerine clients who weren't on an offer already.

April 14, 2020
11:36 pm
Rick
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Had virtually nothing in Tang since Jan, 2018. Got the offer...jumped all over it at Motive's expense.

April 15, 2020
6:35 am
Heddie
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What caught my eye with this offer is it also applies to USD. Time to move some dollars back into Tangerine...

April 15, 2020
7:35 am
potofgold
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I received the 2.8% offer by email as well. It seems like it's being offered to every existing client.

April 15, 2020
8:00 am
hwyc
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Heddie said
What caught my eye with this offer is it also applies to USD. Time to move some dollars back into Tangerine...  

Is there a way to deposit/withdraw USD without going thru their their buy/sell ?

April 15, 2020
8:08 am
mustang
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hwyc said

Is there a way to deposit/withdraw USD without going thru their their buy/sell ?  

Yes. Very simple-- I can move USD back and forth from my TD account, just link in your USD account on tangerine

April 15, 2020
8:39 am
Norman1
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As mustang mentioned, Tangerine can link an US$ chequing account at another Canadian financial institution to one's Tangerine US$ savings account. This is from their general account terms:

External Account Link

We may require you to provide us with an encoded personal or business deposit cheque from your other financial institution, or you may chose to provide us with such a link voluntarily. …

If your first Account with us is a Tangerine US$ Savings Account or US$ Business Savings Account, then you must provide us with a cheque from your US dollar chequing account held at a Canadian financial institution, and this cheque must clear in Canada. Once your cheque has been deposited, you may be required to verbally confirm to us that you wish to link your External Account to your Tangerine Account. …

April 15, 2020
3:11 pm
implode
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Oh, USD as well? I can't wait for my existing offer of 2.75% to end at April 30...I wonder if then they will offer this 2.8% to me. If so, I'd be moving in some USD.

April 15, 2020
3:35 pm
suburbs4life
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potofgold said
I received the 2.8% offer by email as well. It seems like it's being offered to every existing client.  

I wish that was true. My accounts were emptied in feb and I got nothing. Simplii 2.8% promo offer is coming up soon. I hope some FI’s puts something good out in May.

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