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Email this8:12 pm
April 20, 2019
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was unlucky and I just got this tiered rate starting july 1st.til dec 31st. Rate starts at 2% up to $49k and so on. Brutal.
1:00 am
February 7, 2019
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suburbs4life said
was unlucky and I just got this tiered rate starting july 1st.til dec 31st. Rate starts at 2% up to $49k and so on. Brutal.
I was "honoured" to be "blessed" with Tiers on Dec 10. That remains in effect until Sep 30.
Then my spouse got a more traditional 4.25% offer on Apr 7 which expires Jun 30. She received a Tier via email yesterday to be in effect Jul 1 to Dec 31.
At least it's a much better Tier: 2.0/2.5/3.0/3.5% vs mine @ 0.35/0.75/1.75/2.25%.
| CGO |
6:58 pm
April 20, 2019
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Yep. Well we are lucky they are better than yours from earlier in the year. Looks like your wife and myself got the same tiered rates. Lucky us.
5:53 am
September 30, 2017
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hwyc said
Tier rates apply to eligible savings account from MA01 until OC31, 2026Rate Total Daily Balance
2.75% $0-$49,999
3.00% $50,000-$99,999
3.25% $100,000-$499,999
3.50% $500,000+We’ll calculate your total balances across all your eligible savings, chequing, and *investment accounts ACB* and apply your tiered rate to your existing eligible registered and non-registered savings account(s) on a daily basis, and paid monthly
Finally my 1st time … lucky me!
And a one time maneuver to leapfrog the total balances ...
My original intention was to reduce market exposure. I switched my RSP investments in from the Balanced Portfolio to Balanced Income Portfolio. Lo & behold, the *gain* from the old become the *cost* of the new!
As a result, I am also closer to cross the next tier threshold 
6:04 am
September 30, 2017
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hwyc said
@RYAN By your question I think you understand the tier rates incorrectly.I understand it is one *total* balance at end of day to determine the tier rate for that day. And that rate is used to calculate one day's interest on the balance of each eligible savings account.
... I added more funds to reach the next tier yesterday but my rate didn't change. Tangerine told me on-hold amount does not count toward the eligible *total* balance! My new tier rate applies when the hold is released.
@cgouimet ... I don't think it will be retroactive
@Slybanking ... I will check daily on the rate displayed and the hold in my account.
6:37 am
February 7, 2019
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hwyc said
... I added more funds to reach the next tier yesterday but my rate didn't change. Tangerine told me on-hold amount does not count toward the eligible *total* balance! My new tier rate applies when the hold is released.
Perhaps a minor detail ... Once the hold releases, is the new rate applied retroactively to when the funds arrived?
| CGO |
7:20 am
July 28, 2016
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I do not doubt anything that's been written on this subject but just for information:
I just had a live chat with a agent at Tangerine and I got a complete different answer meaning that the money on hold count for the total daily balance immediately and will receive the new calculated tiered rate base on the new total amount.
He also said that the new rate will be showed on account detail after the new total daily balance calculation.
Not the first time we get conflicting information from a Tang agent.
7:33 am
February 7, 2019
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Slybanking said
I do not doubt anything that's been written on this subject but just for information:I just had a live chat with a agent at Tangerine and I got a complete different answer meaning that the money on hold count for the total daily balance immediately and will receive the new calculated tiered rate base on the new total amount.
He also said that the new rate will be showed on account detail after the new total daily balance calculation.
Not the first time we get conflicting information from a Tang agent.
Perhaps it's a question of timing? Like it may not happen immediately when the $ arrive but retroactively when the hold is released. Speculating ... 🙂
| CGO |
9:08 am
February 22, 2016
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Has anyone moved their funds prior to their "promo targeted rate" expiring, effectively declining the tiered rate offer? Did you then receive any new "targeted" offers before the expiry date of the tiered rate email? I received the tier rate email yesterday and my tier rates start on September 1st and runs until February 28/27. I am going to move my funds from Tangerine on August 31st and see if this results in a better "targeted offer".
10:18 am
February 7, 2019
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SuperSaver said
Has anyone moved their funds prior to their "promo targeted rate" expiring, effectively declining the tiered rate offer? Did you then receive any new "targeted" offers before the expiry date of the tiered rate email? I received the tier rate email yesterday and my tier rates start on September 1st and runs until February 28/27. I am going to move my funds from Tangerine on August 31st and see if this results in a better "targeted offer".
To my knowledge, there is no declining of a tier rate. It is not an offer, it is a "gift".
| CGO |
11:05 am
June 9, 2022
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How does this work exactly? If I have $50000 in a savings account, $50000 in a TFSA and $50000 in an RRSP savings, does it mean that each account with receive a bonus in the $150000 range or are these amounts not combined?
11:07 am
December 7, 2023
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Tangerine Tiered rate was from Nov 1, 2025 to July 31, 2026, the tiered rate offer stayed there in my accounts for all time, during that time, no new, better offer.
11:31 am
February 7, 2019
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gicbits said
How does this work exactly? If I have $50000 in a savings account, $50000 in a TFSA and $50000 in an RRSP savings, does it mean that each account with receive a bonus in the $150000 range or are these amounts not combined?
Log in to TNG via your browser. Look in Insights for your tier details...
Or, check the email that told you about your tier...
| CGO |
6:08 am
September 30, 2017
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hwyc said
... I added more funds to reach the next tier yesterday but my rate didn't change. Tangerine told me on-hold amount does not count toward the eligible *total* balance! My new tier rate applies when the hold is released.
I finally climbed to next tier. However, that Tangerine agent told me completely wrong info. I didn't get the rate earlier because I included a non-primary GIC in my calculation. Being on hold or not doesn't really matter! The tier rate in effect is shown in the account detail.
(On a different note) People in tier could receive *new money* rate offer as well. The combination is really double-edged … it could help you … it could hurt you!
Here's what you need to know:
. This rate only applies to new deposits to your eligible savings account(s), on up to $1,000,000 per eligible account type
. Existing balances in your eligible savings account, before 'some date', will keep earning your applicable Tiered Savings Rate for maximum momentum
8:51 am
January 3, 2009
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FYI, I was recently put on the tier promotion, but then when I logged in today I see I have a new promo rate of 4.25% until the end of Nov, even though I am concurrently on a tier.
So people may want to log in to see if they're being offered a new promo, even if they are on a tier scheme as I received no email or notification of this promo, it just shows up in the details of the account.
