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

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

No permission to create posts
sp_Feed Topic RSS sp_TopicIcon
Very specifically targeted offers?
July 17, 2020
1:09 am
Kidd
Member
Members
Forum Posts: 524
Member Since:
February 27, 2018
sp_UserOfflineSmall Offline

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.

July 18, 2020
12:13 pm
Norman1
Member
Members
Forum Posts: 3294
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline

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Essentially, Tangerine Bank's unpublished targeted offers are marketing exercises and their marketing budget isn't big enough to give everyone in a targeted group the same high rate.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.

July 18, 2020
2:46 pm
hwyc
GTA
Member
Members
Forum Posts: 231
Member Since:
September 30, 2017
sp_UserOfflineSmall Offline

On the OSFI Tangerine Monthly Balance Sheet (May 2020), cash & cash equivalent is ~85% of Total Asset. On the other hand, while deposit (liabilities >> supply?) has been growing in the last 3 months but loan (particularly in residential mortgages >> demand?) is not.

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

My two cents.

July 18, 2020
3:02 pm
Norman1
Member
Members
Forum Posts: 3294
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline

hwyc said

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.

July 29, 2020
12:08 pm
Bill
Member
Members
Forum Posts: 1934
Member Since:
September 11, 2013
sp_UserOfflineSmall Offline

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.

July 29, 2020
1:10 pm
rhvic
Victoria, BC
Member
Members
Forum Posts: 323
Member Since:
May 28, 2013
sp_UserOfflineSmall Offline

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.

July 29, 2020
1:44 pm
Winnie
Ontario
Member
Members
Forum Posts: 272
Member Since:
December 7, 2011
sp_UserOfflineSmall Offline

Probably a very competitive rate means over 2%.
My promo 2.80% rate ends on Friday.

July 29, 2020
2:39 pm
smayer97
Member
Members
Forum Posts: 159
Member Since:
September 29, 2017
sp_UserOfflineSmall Offline

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

July 29, 2020
3:09 pm
Kidd
Member
Members
Forum Posts: 524
Member Since:
February 27, 2018
sp_UserOfflineSmall Offline

A friend of mine (yes, i have a friend) was just offered 1.8% until the end of dec on 500k and they had over 500k in their savings account, meaning tangerine would pay only 0.25% on the remainder.

My current offer expires at the end of aug and i'm wanting this situation to improve before then.

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.

July 29, 2020
3:52 pm
Bill
Member
Members
Forum Posts: 1934
Member Since:
September 11, 2013
sp_UserOfflineSmall Offline

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.

July 29, 2020
4:26 pm
Winnie
Ontario
Member
Members
Forum Posts: 272
Member Since:
December 7, 2011
sp_UserOfflineSmall Offline

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

In my personal opinion only rate above 2% can be "a very competitive rate" right now.

Exactly 2% I would name "a competitive rate".

July 29, 2020
6:09 pm
smayer97
Member
Members
Forum Posts: 159
Member Since:
September 29, 2017
sp_UserOfflineSmall Offline

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. 😉

July 30, 2020
9:12 am
krwilson
Member
Members
Forum Posts: 109
Member Since:
March 15, 2019
sp_UserOfflineSmall Offline

Bill....will you tell us if we guess correctly?!

1.85% is my guess.

July 30, 2020
10:32 am
Bill
Member
Members
Forum Posts: 1934
Member Since:
September 11, 2013
sp_UserOfflineSmall Offline

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!sf-yell

July 30, 2020
1:07 pm
KC
Newbie
Members
Forum Posts: 1
Member Since:
July 30, 2020
sp_UserOfflineSmall Offline

Hi, I just called Tangerine and got 1.8% for 150 days for $200k. I also have some US$ and they said nothing for US funds for now.

July 30, 2020
2:58 pm
implode
Member
Members
Forum Posts: 110
Member Since:
April 2, 2015
sp_UserOfflineSmall Offline

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.

July 30, 2020
3:38 pm
suburbs4life
Member
Members
Forum Posts: 51
Member Since:
April 20, 2019
sp_UserOfflineSmall Offline

KC said
Hi, I just called Tangerine and got 1.8% for 150 days for $200k. I also have some US$ and they said nothing for US funds for now.  

I called yesterday with just under 150k balance and they would only give 1.6% for 90 days. My prior promo rate ends next week. Tangerine is something.

July 30, 2020
4:26 pm
Hmm
Member
Members
Forum Posts: 32
Member Since:
May 21, 2016
sp_UserOfflineSmall Offline

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.

July 30, 2020
4:30 pm
Hmm
Member
Members
Forum Posts: 32
Member Since:
May 21, 2016
sp_UserOfflineSmall Offline

implode said

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.  

It was offered very briefly, perhaps a few days at most. My spouse got the offer and took advantage of it, I was too late. I captured the 2.8 over 180.

July 31, 2020
8:10 am
MG
Member
Members
Forum Posts: 95
Member Since:
February 16, 2013
sp_UserOfflineSmall Offline

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.

No permission to create posts

Please write your comments in the forum.