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Targeted offers
June 21, 2022
3:08 am
dentgal
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Just wondering if anyone is aware of a minimum which is needed in order for Tangerine to offer you an increased targeted rate?
I am thinking of moving a big chunk to Meridien for their 3%X8month offer, but don't want to piss off Tangerine and no longer receive their offers.
I will still have about $100,000 left in Tanga.

June 21, 2022
4:04 am
JenE
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May 24, 2016
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Move all but $1 - show them you mean business! I received the 2.8% offer with very little in my account.

June 21, 2022
6:37 am
bhuc
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October 5, 2017
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No one to date knows how , why or to whom the promotions go to !

Before the promo was announced I moved all my cash out (zero balance) and I've still been offered the 3% promo, go figure ! ...(it all went to Meridian @3.15%)

A new special Savings rate is coming your way!
The 3.00% Interest Rate Offer (the “Offer”) is only available to existing Tangerine Clients who have received this communication directly from Tangerine and who activate the Offer online by July 31, 2022. The 3.00% promotional interest rate (the “Promotional Interest Rate”) is valid from July 5, 2022 to November 30, 2022 (the “Promotion Period”) and is only available for eligible non-registered Tangerine Savings Account(s) (“Applicable Accounts”) to a maximum balance of $5,000,000 in all Applicable Accounts combined (“Eligible Balances”) during the Promotion Period.

June 21, 2022
7:01 am
Bill
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Based on my experience and what's been reported here over the years I don't get the impression that account balance has much to do with your promo status, seems to be they use lots of (unknown to us and probably ever-changing) factors.

June 21, 2022
11:38 am
Pronounced Zed
Toronto
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December 9, 2018
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Most promotions are for new money only. Absolutely take the Meridian offer for now. Then you can bring it back to Tang as new money when the Meridian offer is done.

June 21, 2022
11:48 am
Bill
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I've got a 2% offer ending June 30, got 3 messages for the 3 accounts reminding me it's over then plus other info including how to close my accounts. In the past whenever I call in the day after the promo expires (just checking before I go through the bother of moving my money, I say politely) they've never not extended the offer, though usually with a low-ball offer compared to others available at that time. Probably now they might offer me 2% or a bit more, I'm guessing, but this time I'm just transferring out and see what happens. They're probably going crazy trying to figure out my system sf-cool

June 21, 2022
12:00 pm
canadian.100
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Bill said
Probably now they might offer me 2% or a bit more, I'm guessing, but this time I'm just transferring out and see what happens. They're probably going crazy trying to figure out my system sf-cool  

Do u really think Tangerine is going crazy trying to figure out your system?
I highly doubt it unless you have $1million on deposit with them.

2%? promo at Tang? - you can get more than that so easily elsewhere e.g. Meridian, Saven, Hubert, DUCA. Also, Motive is 2% which is not a promo.

June 21, 2022
12:55 pm
dentgal
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Pronounced Zed: My rate of 2.25 was on ALL my money, not just "new" money. They seemed to have learned that it is a problem.
I called today to give the another opportunity to be competitive. The most they would do is 2.4%.
I moved a big chunk over to Meridian for 3%.

June 21, 2022
12:58 pm
Bill
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True, thanks canadian.100, but I don't hardly deal with credit unions, we've got lots of accounts already so don't want to open new ones if I can avoid it, I don't exceed CDIC limits so it's spread all over at various rates, plus I'm not an uber rate-chaser with my HISA/GIC pot (and at this point it would only be to my heirs' benefits anyway!), so I'm fine with the cost to minimize my own time spent on this.

It was just a joke about driving Tangerine crazy, about my self-importance to the financial system, and I bet even a few million means nothing to them if they're not looking for liquid money that day.

If I did open a new account somewhere, any recommendations based strictly on how easy it is to open and link the account to my big-5 bank accounts? And with not using a phone (e.g. no taking pictures of cheques, etc), that is.

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