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Email this5:59 am
September 30, 2017
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Got 4.5% (YMMV) on *new money* from Sep 5 to Nov 30
Activation required by Sep 30
8:05 am
April 21, 2022
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hwyc said
Got 4.5% (YMMV) on new money from Sep 5 to Nov 30
Activation required by Sep 30
Got the same, I thought they would have started their targeting either yesterday or wait until Tuesday. Surprised they did it on a Saturday, but not surprised they upped their game to 4.5% considering the volatility in global bond markets where paying that much is cheap compared to what they would have to pay borrowing from elsewhere. Anyone considering jumping into GIC's right now is better off holding off if they can for better rates that are likely coming sooner rather than later.
8:58 am
January 7, 2020
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Got the offer as a splash when I logged in
Woo Hoo!
I had previous offer that expired on July 31
Great spot for my USD
The good news is that I had just finished moving the funds out
Now, have to turn around and move them back
(But, that's a nice problem to have, all things considered)
3:25 pm
January 7, 2023
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Got the same offer too. My previous offer @ 4.25% expired on August 31 and I did not expect a back to back offer. I emptied out my accounts on Sept 1 and now the money is coming right back.
3:47 pm
April 21, 2022
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Warwick111 said
Got the same offer too. My previous offer @ 4.25% expired on August 31 and I did not expect a back to back offer. I emptied out my accounts on Sept 1 and now the money is coming right back.
That's a bit unusual, typically there's a month's gap in between. I would have done the same thing as you had by withdrawing everything out on Sept 1 to squeeze out as much interest as possible and then waited to see if they would target again in October. The snapshot for this offer was the 4th so it worked out well for you.
2:55 pm
June 8, 2016
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My 6 month tier expired end of July...
...and 4.5% Sept 5 - Nov 30 just arrived...good to hear from you, my old friend Tangerine! $$$ incoming...
5:19 pm
September 6, 2026
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Was offered 3.9%
Would be neat to know the way the rates are determined.
7:28 am
November 8, 2018
Online
corms said
Was offered 3.9%. Would be neat to know the way the rates are determined.
Probably some algorithm where bank enters "Amount of new money we want to raise" and it plays with interest rates until funds goal is achieved. Maybe even some sort of AI.
I had 4.0% promo which ended on August 31st. I promptly moved my funds out by the end of August. You just got 3.9% promo starting in September. If you deposit funds, it is win-win situation for you (really nice HISA rate) and for bank (have to pay 0.1% interest less to you vs. they paid me).
7:30 am
February 7, 2019
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My spouse is on a 2.0/2.5/3.0% Tier Jul 01 to Dec 31. Plus top-up to 4.25% on new $ Aug 26 to Nov 30.
I'm on a lousy/laughable 0.35/0.75/1.75% Tier Dec 10 to Sep 30. The account balance on the affected accounts has been $1 since Dec 10 2025. And, that remain as is until something not laughable is offered.
| CGO |
4:14 pm
November 8, 2021
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Alexandre said
Probably some algorithm where bank enters "Amount of new money we want to raise" and it plays with interest rates until funds goal is achieved. Maybe even some sort of AI.
I had 4.0% promo which ended on August 31st. I promptly moved my funds out by the end of August. You just got 3.9% promo starting in September. If you deposit funds, it is win-win situation for you (really nice HISA rate) and for bank (have to pay 0.1% interest less to you vs. they paid me).
Same here, but got no new offer on Sept. 5th as other folks. The guess is that they target for large balances.
10:21 am
April 6, 2013
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I had less than $1 in my Tangerine savings account and received a 3.9% offer.
These are marketing exercises. Tangerine Bank's parent, Bank of Nova Scotia, has a AA DBRS debt rating. It doesn't need to pay junk bond rates, direct or indirectly, for short term deposits.
There's likely a marketing budget for a certain number of 3.9% offers and a certain number of 4.5% offers. The offers are randomly distributed to some in a pool of customers who have shown interest in such unadvertised offers.
One person filed a complaint a while back about these unadvertised targeted offers. The bank explained that there is randomness in how the offers are given out.
