Personal Finance

The 3 Month Tangerine Lottery thread

  • Last Updated:
  • Nov 3rd, 2017 6:50 pm
Deal Guru
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Aug 8, 2012
10198 posts
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BC
Next123 wrote:
Jul 15th, 2017 10:59 am
So here is a update everyone,

Didn't win the tangerine interest rate promo and was stuck on the 0.8%. Maxed out on the EQ bank limit. Called Tangertine the first time, the guy gave me a flat out no. Called the 2nd time and gave me a no as well (think it was the same guy).

Just called now and this person was alot better. Although was only offered 1.6%, i took it. It was better than the 0.8% i was stuck on.

Sigh...
Yes, "sigh..." :D

Does it end after Oct 5th invalidating you for that promo, making you have to wait til Jan 5th, 2018 for your next shot at the promo?

You should think about that now and open another account you can move the money to that pays more. Otherwise you will be stuck in this same pattern every 90 days with no alternative (*pun not originally intended, but I bolded it when I realized what happened :))

As above, you should check out all your available alternatives including not just EQ, but Alterna, etc.

If this is long term cash that doesn't need to be liquid, Oaken has GICs that beat that too. Considering you have access to EQ cash if you need it, unless this is awaiting allocation to something like a house purchase that may make more sense than accepting 1.6% (next time, you are too late** for this now). Plan ahead!

EDIT: **Too late to not accept, but not too late to get a better rate TODAY...
https://www.oaken.com/gic-rates/
30-89 day GICs are 2%
Heck, even Oaken's cashsble GIC's beat 1.6%!
1.75% if cashed after 30 days, 1.85% after 90 days.
You could go for the 120-179 day at 2.15% and time it to end Jan 5 in time for Tangerine promo if you get it or renew a 90-day if you don't.

Who knows, when you call to move to Oaken for 2.15% you might actually get them to beat it :) ... I'd tell them to 'beat it' at that point though. :D
(*these keep coming up almost by themselves, I swear :))
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Jr. Member
Jul 2, 2015
171 posts
49 upvotes
OTTAWA,ON
As long as there are fools or lazy people leaving money at Ting for a laughable 0.80% there is no incentive for them to raise even their miserable base rate.

Hell, even RBF2010 (The RBC brokerage savings account) now pays more than Tangerine. :twisted:

IMO, Tangerine sucks, big time. Please people,it's your money so why not look at the alternatives, there are so many available for anyone willing to look just a little.
Deal Addict
Jan 18, 2003
4218 posts
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Mississauga
parclub wrote:
Jul 15th, 2017 3:49 pm
As long as there are fools or lazy people leaving money at Ting for a laughable 0.80% there is no incentive for them to raise even their miserable base rate.

Hell, even RBF2010 (The RBC brokerage savings account) now pays more than Tangerine. :twisted:

IMO, Tangerine sucks, big time. Please people,it's your money so why not look at the alternatives, there are so many available for anyone willing to look just a little.
there are also many savings accounts from the big 5 banks that give you 0.01% interest AND minimum 2-3k in order to waive fees....lol
Deal Addict
Dec 8, 2008
1566 posts
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Ducky wrote:
Jul 15th, 2017 10:16 pm
there are also many savings accounts from the big 5 banks that give you 0.01% interest AND minimum 2-3k in order to waive fees....lol
rbc is offering 2% until dec. 2017.
Deal Guru
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Apr 17, 2005
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Brampton
I'm curious when EQ will raise their HISA rate....
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Jul 17, 2008
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patrob wrote:
Jul 15th, 2017 11:27 pm
I'm curious when EQ will raise their HISA rate....
They won't if the bleeding has stopped. It's a per need base, not prime rate. Mortgage and loans are prime rate (and then even some)
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Mar 23, 2004
36410 posts
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Markham
patrob wrote:
Jul 15th, 2017 11:27 pm
I'm curious when EQ will raise their HISA rate....
they just raised it not too long ago during oaken's "event", so i doubt they will raise it again anytime soon
「もし、奇跡を起こせたら……」
Deal Addict
Jan 18, 2003
4218 posts
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Mississauga
leoben wrote:
Jul 15th, 2017 11:12 pm
rbc is offering 2% until dec. 2017.
you're comparing a promo rate to the regular rate at tangerine.... many ppl got tang promo rate higher than the 2% for 90 days...
Member
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Jun 23, 2017
244 posts
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Toronto, ON
Based on the down votes received, I'm guessing that several RFD'ers were troubled by the notion of me calling Tangerine and asking for a better rate.

Regardless, when I called Tangerine, they offered (for 90 days) to match the 2.3% interest rate I'm getting at EQ Bank.
Jr. Member
Jul 2, 2015
171 posts
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OTTAWA,ON
Ducky wrote:
Jul 16th, 2017 5:05 am
you're comparing a promo rate to the regular rate at tangerine.... many ppl got tang promo rate higher than the 2% for 90 days...
Last time I looked the regular rate at tangerine was 0.80%, where do you get your data ?

Many ppl may have got a tang promo rate higher than 2% but many ppl also got less than that or nothing at all.Crying Face
Jr. Member
Jul 2, 2015
171 posts
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OTTAWA,ON
905P4N6 wrote:
Jul 16th, 2017 6:14 am
Based on the down votes received, I'm guessing that several RFD'ers were troubled by the notion of me calling Tangerine and asking for a better rate.

Regardless, when I called Tangerine, they offered (for 90 days) to match the 2.3% interest rate I'm getting at EQ Bank.
Well done !!Smiling Face With SunglassesSmiling Face With Sunglasses
Deal Addict
Jan 21, 2014
2154 posts
494 upvotes
905P4N6 wrote:
Jul 16th, 2017 6:14 am
Based on the down votes received, I'm guessing that several RFD'ers were troubled by the notion of me calling Tangerine and asking for a better rate.

Regardless, when I called Tangerine, they offered (for 90 days) to match the 2.3% interest rate I'm getting at EQ Bank.
That's pretty good. I don't think the down votes have anything to do with your posts. Everyone seemed to get a bunch of down votes yesterday for no apparent reason
Deal Addict
Jan 18, 2003
4218 posts
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Mississauga
parclub wrote:
Jul 16th, 2017 8:03 am
Last time I looked the regular rate at tangerine was 0.80%, where do you get your data ?

Many ppl may have got a tang promo rate higher than 2% but many ppl also got less than that or nothing at all.Crying Face
and the regular rate for the rbc high interest esavings is 0.65%...
Penalty Box
Jan 15, 2006
8235 posts
2399 upvotes
Richmond Hill
When I logged in last week I noticed I got offered 3.33% for 90 days on all new deposits. That's not bad.

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