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Very specifically targeted offers?
August 11, 2020
2:49 pm
Hmm
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GoJetsGo said

Us Winnipeggers don't need to "Treasure Hunt". We simply pull up the local lady's blog each Monday at 10:30am and all the "hidden deals" are there. Combine those with the weekly flyer, make our list & off to Costco we go. No one does bargain hunting like Winnipeggers.
 

In the west they have something similar except they dude running it is scum. He charges a subscription fee of $20 for the privilege of seeing the “treasure” items sometime during Monday evening. He’ll never post as early your Winnipeg lady.

August 26, 2020
9:43 am
GreatWhiteNorth
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Promos ending Aug 31 rapidly coming to a close.
Anything good out there?
Anyone called Tang directly for a rate offer recently?

August 26, 2020
7:52 pm
Kidd
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I called this afternoon, aug 26. Offer i received 1.8% for 150 days on up to $500,000 on ALL money (not just new deposits)

August 27, 2020
7:52 am
lancedragons
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Called this morning, aug 27, also offered 1.8%, but was told since I have 2.8% until August 31st, better to wait until that date before switching.

August 27, 2020
8:30 am
magicman
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tangerine also just offered 1.8% 150days for me. had to contact them

August 28, 2020
12:25 pm
toto
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I got the 1.8 for 150 days too. My 2.8 offer was ending in 2 days. Called in. I asked for it and csr said yes immediately, and with no restrictions on money.

August 28, 2020
12:27 pm
toto
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I forgot to mention that the csr asked me if I got targeted by any other financial institutions.

August 30, 2020
8:52 am
sylviego
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August 26, 2020
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Called August 26, but was offered 1.6 and I declined. Should I call again?

August 30, 2020
3:18 pm
Loonie
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sylviego said
Called August 26, but was offered 1.6 and I declined. Should I call again?  

It depends on how much you value your time.
I would say there is little chance of a better offer. I would leave it for a few months before trying again. But that's me. Others may feel differently. Nobody really knows.

I haven't talked to them for about a year. I used to get good offers from them, but those all dried up after I refused an offer that required a minimum balance of 250K. I simply won't go that far over CDIC limits and told them so. I thought it was an unreasonable request. If that is their ultimate game, I'm out. Apparently it is as I've not heard from them since.

August 31, 2020
6:04 am
dommm
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I called Tangerine yesterday & was offered 1.5% .

August 31, 2020
7:20 am
JW
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I too got the 1.5% offer yesterday.

August 31, 2020
10:54 am
AltaRed
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So Tangerine is still playing the promo game with 1.5% getting close to the mid-point of what the online banks in general are offering. Have to wonder though why they keep doing this other than Scotia wanting to have a 'finger' into the online banking business. It can't be putting much profit into Scotia's financials.

August 31, 2020
1:59 pm
canadian.100
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AltaRed said
So Tangerine is still playing the promo game with 1.5% getting close to the mid-point of what the online banks in general are offering. Have to wonder though why they keep doing this other than Scotia wanting to have a 'finger' into the online banking business. It can't be putting much profit into Scotia's financials.  

Tangerine Financials (Source OSFI site) show
Fiscal 2019 Profit of $115 Million
Fiscal 2020 (1st 2 quarters) Profit of $67 Million

Would you have expected Tangerine's profits to be considerably more going into Scotia's financials? Guess the advantage to Scotia is still that Tangerine is a source of funds which Scotia can loan out at much higher rates to Scotia customers.

August 31, 2020
2:56 pm
AltaRed
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Well, somewhat higher rates but not nearly as good of a spread as what Scotia can borrow for at 0.1-0.2%.

I have no reference point as to what level of profit Scotia might expect from their investment in Tangerine but I suspect more than those numbers. How many billions did Scotia pay ING?

August 31, 2020
3:35 pm
canadian.100
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AltaRed said

I have no reference point as to what level of profit Scotia might expect from their investment in Tangerine but I suspect more than those numbers. How many billions did Scotia pay ING?  

Scotia bought ING Bank of Canada for a net cost of $1.9 Billion.
While the gross purchase price was $3.1 Billion, the company came with lots of cash on its books to bring the net cost to $1.9 Billion. Yes, profits could be higher (perhaps profits might even increase if Tangerine keeps dropping its promo rates); in any case, Scotia is making money on its investment even if only a meagre $115M annually on that $1.9 Billion investment.

September 1, 2020
5:47 am
Sammy
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My 2.8% promo just expired yesterday. Logged in this morning to transfer out and saw I was offered 1.7% on all money, not new deposit (unregistered account only), so slightly better than LBC Digital, which is almost my best option in QC at the moment.

Was happier with 2.8% but wasn't expecting an above 2% rate this time unfortunately.

September 1, 2020
6:40 am
Winnie
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Also just logged in today, offer 1.7% until Jan 31 on all money, not new deposits.

September 1, 2020
6:47 am
Peter
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No such promo for me. Previous promo had expired yesterday.

September 1, 2020
8:11 am
Righand
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I received 1.7% to Jan 31. It seems like the people that jumped the gun and phoned in early were only offered 1.5%.

What to make of this ? Tangerine finding even more ways to piss customers off ?

sf-confused

September 1, 2020
9:07 am
Norman1
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Looks like somewhat random.

Some were not given a follow up offer. Those who were offered something were offered 1.5%, 1.6%, 1.7%, or 1.8%.

I just checked and was offered 1.7%.

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