Targeted 2.8% on new money, April 3 to August 31, 2020 | Page 2 | Tangerine Bank | Discussion forum

Deco said
New to this forum. Looking at Tangerine for short term deposit. Was a previous client about 8 yrs ago (no activity ) not sure if our deposit would be considered “new”
Is that something I negotiate on with a representative . Would like to get on an “offer” list. Tks  

Deco,
You state that you "were" a client about 8 years ago. If that means that your account was closed and you aren't a client now, you might qualify for Tangerine's other offer of 2.80% for 5 months on your "first" savings account. If your account has been "active" for 8 years and not closed, you should have received at least one offer during that time.

Once again, Tangerine's offer is not the same for everyone. When I logged in this morning, for the first time in a while, my offer is 2.65% until June 30, 2020. Not tantalizing enough for me to bother with.

For those of you who've been offered the 2.8% rate on the heels of a prior Tangerine promotion that was coming to an end, my question is: at what point did you receive your offer / at what point would you anticipate we might receive an offer, if we have a Tangerine promotion (2.4%) that's ending on April 30th? Does it tend to be a predictable number of days or weeks before the end of the prior promo, or after the prior promo completes?

We've had the bulk our $ at BMO (2.8%), keeping only a small amount at Tangerine. Both promos end on April 30 & we're hoping to receive a 2.8% offer from Tangerine so we can park the larger portion there, rather than play around with opening something at CIBC or returning to Simplii next.

kage, it may be different for others but our experience is that we never have to wait more than two or three months but we have to wait at least one month from the end of the last offer. We consistently transfer out all our money immediately when a promo ends - used to call before doing so when they would often give us a new (usually lower rate) offer, so that's an option, but I just can't be bothered calling any more, got lots of other accounts to choose from.

Also interested in this promotion with Tangerine. Never dealt with Tangerine.
Couple of questions;
1. What are the transfer fees with Tangerine?
2. Can i pull out the fund right after the promotion ends?

Thanks

They don't like me!!! I was only offered 2.5%:(

Your special 2.50%* rate has been extended until July 31, 2020

There’s no denying that these are challenging times and ensuring your savings can continue to grow is more important than ever. To help with this, we’ve extended your special 2.50%* interest rate until July 31, 2020.

Amar said
Also interested in this promotion with Tangerine. Never dealt with Tangerine.
Couple of questions;
1. What are the transfer fees with Tangerine?
2. Can i pull out the fund right after the promotion ends?

Thanks  

1: Fair Fees
Canadians are fed up with high banking fees, and ever since we first opened our doors, we’ve shown our Clients
that we feel the same way. Fees should be fair, which means they’re disclosed and agreed to in advance, and the
amount makes sense relative to the benefit received.
Fair Fees Associated with the Tangerine Chequing Account
Interac e-Transfer® FREE
Chequebook Your first book of 50 cheques is free. Subsequent
chequebooks can be ordered online for $50.
Stop Payment 1 FREE per year, $12.50 each thereafter
Replacement Client Card 1 FREE per year, $15 each thereafter
Canadian Drafts (includes courier) $10
NSF (Non-sufficient funds) 1 $45
Returned Items $7.50
Other ABM Withdrawals (not a Tangerine or Scotiabank® ABM)
– In Canada
$1.50
Other ABM Withdrawals (not part of Global ATM Alliance 2 )
– In the US/Worldwide
$3
1 Year Inactivity Fee $10
Optional Overdraft Protection Fee on the Tangerine Chequing Account
Overdraft Fee
$5 per use (charged up to a maximum
of once per month 3 )
Overdraft Interest 19.00% (per annum 4 )
Fair Fees Associated with Non-Registered Savings Accounts
NSF (Non-sufficient funds) 1 $45
Fair Fees Associated with Registered Savings Accounts
RSP Transfer to Another Financial Institution $50
TFSA Transfer to Another Financial Institution $50
RIF Transfer to Another Financial Institution $50
Dormancy Fees
2–9 Year Dormancy Fee 5 – Associated with Non-Registered Personal &
Business Savings Accounts
$20 per year
10 Year Dormancy Fee – Associated with Chequing and Non-
Registered Personal & Business Savings Accounts
$40 for both Personal & Business Savings Accounts
Printed Statement and Tax Receipt/Slip Fees – Associated with Non-Registered
and Registered Personal & Business Savings Accounts
Paper Statement Fee 6 per Statement Issued $2
Paper Statement and Tax Receipt/Slip Reprint Fee per Statement or
Receipt Issued
$5 per reprint

2) You can pull the funds out anytime. If you want to take advantage of the following offer (if there is one), You have to start playing 3 card monty with your funds between eligible and non-eligible accounts, before the deadline or cut-off date.

Nothing for me yet, my 2.5% ends April 30. I did buy a 1 year GIC so I'm at the CDIC limit anyway, we'll see if anything happens.

Amar said
Also interested in this promotion with Tangerine. Never dealt with Tangerine.
Couple of questions;
1. What are the transfer fees with Tangerine?
2. Can i pull out the fund right after the promotion ends?

Thanks  

I seem to pull the money out before I get an offer. I have other uses for the money. I have no spare money to take advantage of any bonus. Last year I got a bonus of 19 cents from Tangerine.