Very specifically targeted offers? | Page 2 | Tangerine Bank | Discussion forum

One needs to get over the fact the one won't be given their best offer when one calls in.

Tangerine Bank is now owned by Bank of Nova Scotia. Bank of Nova Scotia has a DBRS rating of AA can easily borrow short term for around ½% per annum.

Essentially, Tangerine Bank's unpublished targeted offers are marketing exercises and their marketing budget isn't big enough to give everyone in a targeted group the same high rate. My suspicion is that Tangerine Bank distributes the offers among the targeted clients randomly.

hwyc said
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I tend to think these monthly targeted offer(s) waves are probably there to create a mirage of high interest savings.

I prefer that they spend their marketing budget funding bonus interest than funding Google ads.

There is a much better chance I would get one of their bonus interest offers than getting something out of one of their ads.

Bill said
My existing promo with Tangerine ended yesterday, called and was offered a very competitive rate on any balance in savings accounts for 150 days until December 25. Ok, sounds good, thank you, have a great day, Merry Christmas, done.  

Bill, can you give us a hint of the rate you were offered? Was it over 2%, or say between 1.75 and 2%?

My promo rate with them ends tomorrow.

@Bill what's with the secrecy? Were you committed to a blood oath?

By competitive rate I meant exactly that, competitive with the top tier HISA rates out there.

I explained in an earlier post why the "secrecy", i.e. mainly because some people vilify Tangerine as soon as they find out someone else got a bit better deal, don't want to feed that envy and negativity for a bank I'm generally happy with. I posted to let people know Tangerine is still offering, to at least some of us, promo rates if you call them. Key is to get a rate you're happy with, everyone here is aware generally of what the market is doing in HISA rates, go where you are happy and ignore the rest, leave it at that.

And of course, yes, Tangerine agent and I DID cut our left arms, mingled our blood and swore an oath of secrecy, so there's that too.

Bill said

And of course, yes, Tangerine agent and I DID cut our left arms, mingled our blood and swore an oath of secrecy, so there's that too.  

I knew it...LOL. 😉

Geez, this reminds me how my kids used to come at me from different angles to try to break me down re. bedtime, etc! NO, no guessing allowed, stop it right now!

Kidd said
I think tangerine are kicking themselves for offering 3% on a 3 year gic just a few months ago. That was a great deal for us.  

3% over 3 year gic? I don't remember that, but it must have when I did a lock in of 2.8% over 1 year and 2.8% over 180 days which was a few months ago before rates tanked.

Kidd said
Hi Hmm.

To put it bluntly... The employees at Tangerine lie. Now whether it's part of their extensive 15 minute customer care training program or inherent, this i can not tell you. BUT, I suggest you call the 1-888 number mentioned in a few of the tangerine threads and when you find that particular someone who has mastered the English language and appears to be somewhat honest, take note of their name and extension and make that person your future contact.

To suggest the posts on this site have been edited or doctored for boasting purposes, is just crazy. If anything... we love to bitch about the pure shit tangerine dish out. Read "Bill's" posts in regards to the offers he's received. I use the "rates" quoted here on this site as... (i hate to use the word) gospel (being an atheist).

Bill, Norman and Loonie always shoot from the hip, meaning... i trust what they have to say. I may not always agree with them but i trust those 3 in particular.  

Hi Kidd, I appreciate your opinion. I posted that comment for a couple of reasons.

My issue was escalated (with one step closer to contacting Tangerine's Ombudsman). Not for just this issue but many others. The interest rate discrepancy was just "icing on the cake".

Tangerine maintains their position the offer in question wasn't provided to their existing clients. Period.

The other reason I posted is because there's too many people posting in the form of sophism. I don't know Bill nor his reputation, but another poster here called him out for his "secrecy".

We're all anonymous here and to maintain "secrecy" and withhold information leaves me at best skeptical while at the worst, a blatant lie.

I just called Tangerine this morning as my July 31 promo of 2.5% was ending. They offered me 1.8% for 150 days. I accepted although they tried to get me to buy their mutual funds instead of keeping my funds in cash.