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Targeted offer 5.50
February 8, 2024
3:54 am
victor6433
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received a target offer of 5.50% on new funds deposited to Tangerine between February 8 and June 30. My offer appeared under the "Insights" section.

February 8, 2024
5:23 am
zgic
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Did you withdraw all your existing money from the savings before Feb 8 to chequing so that you can then deposit back to get the 5.50% on it as new funds?
Thanks for the update.

February 8, 2024
6:33 am
victor6433
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zgic said
Did you withdraw all your existing money from the savings before Feb 8 to chequing so that you can then deposit back to get the 5.50% on it as new funds?
Thanks for the update.  

Absolutely i did.. my last one expired on Jan 30th.. so I received it back to back..

February 8, 2024
6:57 am
Peter
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victor6433 said

Absolutely i did.. my last one expired on Jan 30th.. so I received it back to back..  

Same story for me too!

February 8, 2024
7:18 am
CHISA99sjf
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Hmmm my offer this morning was slightly lower at 5.25% from February 8, 2024 to June 30, 2024

And now with this online-only offer, here’s how you can start earning 5.25% interest* on new deposits to your Tangerine Savings Account(s), Tax-Free Savings Account(s), RSP Savings Account(s) and now, US$ Savings Account(s)

February 8, 2024
7:26 am
victor6433
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February 8, 2024
7:31 am
TINAisOver
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Also, received this offer today. I moved most of my cash out of Tang although it would appear that I would only need to move funds to the chequeing account before Feb 7th to meet the condition of new money deposited to the eligible savings accounts. Whether I would receive the targeted offer would be uncertain had I did this.

Terms:
You’re eligible for a special interest rate on your savings.
A great savings rate could be just the thing you need to help you reach your savings goals faster. And now with this online-only offer, here’s how you can start earning 5.50% interest* on new deposits to your Tangerine Savings Account(s), Tax-Free Savings Account(s), RSP Savings Account(s) and now, US$ Savings Account(s):

Click the ‘Activate Now’ button below by February 29, 2024
Eligible new deposits to these Accounts from February 8, 2024 to June 30, 2024 (up to a maximum of $1,000,000† per Applicable Account Type*) will earn your special rate of 5.50%.
Once you’ve activated, here’s how it will work:
We’ll total up the balances of your eligible Savings, TFSA, RSP Savings and US$ Savings Account(s) as they were on February 7, 2024 to get your total balances per Account Type
From February 8, 2024 to June 30, 2024, you’ll earn your special interest rate on new deposits over your total balances calculated on February 7, 2024 (up to $1,000,000† per Account Type)
The rest of your Account balance will earn the current posted rate

Trader first, Saver second

February 8, 2024
10:20 am
cgouimet
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victor6433 said
received a target offer of 5.50% on new funds deposited to Tangerine between February 8 and June 30. My offer appeared under the "Insights" section.  

I was on 6.0% until Jan 31. Moved my $ to spouse's 5.0% TNG accounts Jan 28. And interest on Feb 1.

Got 5.5% offer today on $ above Feb 7 balance. So all $ now back to my TNG accounts.

No phone nor teller involved. All done with mouse clicks... 🙂

CGO
February 8, 2024
6:02 pm
HermanH
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victor6433 said

Absolutely i did.. my last one expired on Jan 30th.. so I received it back to back..  

Alas, I wish I had the foresight to move the money. We had a few bucks left in the account when the 6% offer expired. I was going to move it monday, but then the new 5.5% offer was received. So, my base level won't be zero. sf-cry

Amazing how my family member got back-to-back-to-back offers. She had the 5% offer in the fall, the 6% offer, and now the 5.5% offer, while I've had nothing. sf-frown

February 9, 2024
8:35 am
semi-retired
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Received the 5.50% rate promo yesterday.Just finished the 6% promo end of Jan.I had emptied accounts Feb/01 to BMO promo at 5.5% lasting till end of Feb.Will transfer everything back to Tang to keep them,& me happy.Love these promos.

February 9, 2024
9:14 am
gicjunkie
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semi-retired said
Received the 5.50% rate promo yesterday.Just finished the 6% promo end of Jan.I had emptied accounts Feb/01 to BMO promo at 5.5% lasting till end of Feb.Will transfer everything back to Tang to keep them,& me happy.Love these promos.  

Ditto! We will not beg for better rates, but will take them when offered.

February 9, 2024
3:50 pm
victor6433
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HermanH said

Alas, I wish I had the foresight to move the money. We had a few bucks left in the account when the 6% offer expired. I was going to move it monday, but then the new 5.5% offer was received. So, my base level won't be zero. sf-cry

Amazing how my family member got back-to-back-to-back offers. She had the 5% offer in the fall, the 6% offer, and now the 5.5% offer, while I've had nothing. sf-frown  

You will receive 1 after 5 months that you complained about in November.. So April you will receive 1.. Wait 4 it..

February 27, 2024
4:42 pm
InterestThis
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Has anyone ever had an issue from just moving the Tang Savings balance to Chequing, and then back into Saving for an offer?
According to the terms to date, chequing balance has always been excluded from the baseline balance calculation for Savings promo's.
There is a Tang promo expiring February 29, 2024.

February 28, 2024
5:16 am
Alexandre
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InterestThis said
Has anyone ever had an issue from just moving the Tang Savings balance to Chequing, and then back into Saving for an offer?
According to the terms to date, chequing balance has always been excluded from the baseline balance calculation for Savings promo's.
There is a Tang promo expiring February 29, 2024.  

I had once promo from Tangerine where chequing balance was not excluded. This were many years ago, but since then I always move all funds from Tangerine to another FI 2-3 days before promo ends.

February 28, 2024
5:24 am
Patch002
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InterestThis said
Has anyone ever had an issue from just moving the Tang Savings balance to Chequing, and then back into Saving for an offer?
According to the terms to date, chequing balance has always been excluded from the baseline balance calculation for Savings promo's.
There is a Tang promo expiring February 29, 2024.  

The issue with moving the funds from Savings to Chequing is that Tang is aware that the funds are still within Tang. Thus, the incentive to offer you a new Promo is not as high compared to the funds leaving Tang to an external FI. i.e. funds could be sitting in chequing earning 0% for several days (or longer) until or even if Tang presents new offer. Tang may decide not to offer new Promo.

By moving funds externally, you receive the higher interest from the external FI, and if Tang is reviewing, perhaps gives Tang more incentive to attract those funds back into Tang family.

February 28, 2024
6:59 am
InterestThis
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Thanks for the info, that answered both of my questions!

I remember a time when a Tang promo came out the next day, so having it in the chequing would have been more convenient.
But true enough, surely they are using "AI" now on this, so if the money is sitting in a low-interest account, it could block the offer.
So yes, best to move it out a few days before, as if they are using "AI" now, it might spark an offer to get it back.

February 28, 2024
7:14 am
cgouimet
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InterestThis said
Thanks for the info, that answered both of my questions!

I remember a time when a Tang promo came out the next day, so having it in the chequing would have been more convenient.
But true enough, surely they are using "AI" now on this, so if the money is sitting in a low-interest account, it could block the offer.
So yes, best to move it out a few days before, as if they are using "AI" now, it might spark an offer to get it back.  

I always moved my $ out of TNG when a promo expired, a few days before expiry. Just in case.

But I haven't had to do that since mid 2022 because my spouse has been on her own TNG promo when mine is expiring so, I just shuffle $ to her TNG. We move $ back and forth to whichever TNG offer is best.

When we run out of offers, we'll need go to the next best ...

CGO
February 28, 2024
7:35 am
InterestThis
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In previous promos I would just click around "as if" I was going to move the money, and then the new offer would come! As of course the AI monitors clicks and mouse movements, etc.
But it was probably just coincidence.
But so far no luck. I think last time they put a few days in-between offers, as even holding the money in the account on the lower interest makes the bank a lot more money.

February 28, 2024
3:27 pm
smayer97
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NO ONE has ever figured out how the marketing promos are disseminated. No point in all the speculation.
In the past, it has NOT been affected by having $ in a Tang chequing.

February 28, 2024
5:36 pm
zgic
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Correct. I think no one can figure it out.
I have my promo ending tomorrow 29Feb and still have my funds in there. No new offer till now.
In the app it clearly states that the Rate after after Feb 29, 2024 is 0.70%.
Can someone share their experiences about Tangerine, where they received a good offer before expiry of the current one. I did not get any such offer till date.

Should I withdraw my funds right now?

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