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Get $150 when you sign up for Zag Bank High Interest Savings Account (NO QC)

  • Last Updated:
  • Jul 6th, 2016 9:39 am
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Member
Nov 28, 2010
269 posts
160 upvotes
Vancouver

Get $150 when you sign up for Zag Bank High Interest Savings Account (NO QC)

Deal Link:
Expiry:
June 22, 2015
The offer has expired. They offer $25 for new account openings but the new interest rate is %2.5 until December 31, 2015.


Zag Bank Special Launch Offer (No Quebec)
Division of Desjardins Group

https://www.zagbank.ca/

Earn $50 by signing up.
Earn an additional $50 when they reach 1000 clients.
Earn an additional $50 anniversary bonus after your first year.
Earn %2.00 bonus interest until June 21, 2015 (I think it is %1.15 after that)

It is potential free $150 to your initial $100 investment after a year.


FinePrint
https://www.zagbank.ca/Security/foundin ... _promotion

Zag Savings
Cash Bonus
The cash bonuses only apply to the first Zag Savings (non-registered) account you open as a primary holder within the promotional period.
To earn the first $50 bonus, you must successfully open a non-registered Zag Savings account within the promotional period with a minimum initial deposit of $100. The first $50 bonus will be credited to your account once your initial deposit cheque has been cleared (approximately 10 days after the cheque has been received by Zag Bank).
When Zag Bank reaches 1,000 new clients during the promotion period, a second $50 bonus will be credited to your account by the end of July 2015, if your account remains open with a minimum balance of $150 until this date.
The one year anniversary $50 bonus will be credited to your account in June 2016 provided your account remains open with a minimum balance of $200 throughout the year.
When the above conditions are met, you will receive cash bonuses that total up to $150 ($50 at the account opening, $50 at the end of the promotion in July 2015 and $50 in June 2016).
771 replies
Deal Addict
Sep 4, 2007
1693 posts
1946 upvotes
vancouver
Never heard of this company. Is it legit?
Deal Addict
User avatar
Feb 18, 2013
2387 posts
17484 upvotes
Seems they are owned by Desjardins, and used to be called Bank West.

Their website seems very "fluffy" though - not a lot of solid information, can't figure out what ATM network they run off of, or if they even do Chequing accounts?
Deal Guru
User avatar
Jul 8, 2009
12833 posts
6664 upvotes
Hmm more info would be good. never heard of them nor desjardins lol
Deal Fanatic
Apr 11, 2012
5865 posts
3138 upvotes
Winnipeg
any fee when closing the account?
Deal Addict
User avatar
Jan 14, 2012
1457 posts
685 upvotes
Woodbridge
I really don't get it

- nowhere near competitive rates
- no brand/reputation
- lacklustre signup bonus
- no innovative features/products
+ they can't spell... real professional guis

Would rather go with a known entity in Tangerine/PCF, these guys should have made a better entrance and maybe they would have had something..sigh.
Sr. Member
Aug 31, 2010
746 posts
959 upvotes
ON
The mobile app has 10 to 50 installs...

Also it's next to impossible to find out how withdrawals work..
Deal Guru
Aug 5, 2006
10732 posts
7891 upvotes
Global Village
Member of CDIC so it is legit and funds are safe. The way to look at it would be as a 1 year GIC for $100 where in 1 year you get back $150 plus any interest, looks like a good deal in that respect.
Member
Nov 28, 2010
269 posts
160 upvotes
Vancouver
this is not a public launch so I'd tolerate the lack of information and typos on the website.

It is some kind of a pilot testing promotion I believe to test their systems.

Note;
Before its public launch, Zag Bank would like to run a pilot with Desjardins-affiliated employees located in Western Canada and has introduced a “Founding Client” program available until June 12. Click on the banner below to learn more about Zag Bank and how you can get up to $150 simply by becoming a Zag Bank Founding Client.
The pilot is not just for employees so feel free to forward the invitation to your friends and family.
Member
Nov 25, 2013
262 posts
38 upvotes
Honestly, I am very happy to see it launching.

The more competition, the better.
Sr. Member
Dec 13, 2012
837 posts
600 upvotes
TORONTO
thanks OP. Looks like a pretty easy and straightforward way to make $100 by the end of July 2015.
Deal Addict
User avatar
Jan 5, 2010
3261 posts
1220 upvotes
Anyone else having trouble with taking a picture of a cheque?
Sr. Member
Dec 13, 2012
837 posts
600 upvotes
TORONTO
jt05mi wrote: Anyone else having trouble with taking a picture of a cheque?
worked for me on iPhone (safari browser). All in all, about 10 mins to sign up for a Savings account
Member
Apr 11, 2007
385 posts
726 upvotes
Toronto
I was also unable to take a picture of the check (Android phone). Will have to mail it.
Deal Fanatic
User avatar
Dec 25, 2012
5434 posts
4847 upvotes
Toronto
Looks interesting, but it's lacking a lot of information like what their fees are, how to withdraw/transfer money, etc.
Deal Addict
User avatar
Oct 7, 2007
2963 posts
1976 upvotes
Edmonton
can't seem to get past the screen after answering their four questions:
- type of account
-joint or personnal
-reason for account
-is it for someone else

then can't advance past the screen...... clicking the blue right or left arrows do nothing......... putting $250 in to get $150 bonus over a year sounds good to me..............
Deal Addict
Jul 21, 2001
4327 posts
437 upvotes
Calgary
Withdrawal fees is what I am interested in after I cash in on the bonuses.
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