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Tangerine 2.5% Interest Rate February 6, 2018 to June 30, 2018 [TARGETED]

  • Last Updated:
  • Feb 12th, 2018 9:56 pm
[OP]
Sr. Member
Mar 1, 2010
734 posts
192 upvotes

Tangerine 2.5% Interest Rate February 6, 2018 to June 30, 2018 [TARGETED]

I forgot to active my offer at the end of last month, but I just received an email from Tangerine

Dear ****,
Get a Special Rate on New Savings Account Deposits with One Click!
Smart saving habits are key to reaching your financial goals. And to help you get there faster, we have a special interest rate of 2.50% for you. Just activate before
February 28th.
Hit the ‘Activate Now’ button below (or in the banner above) to earn 2.50% interest* on new deposits to your Tangerine Savings Account(s), Tax-Free Savings Account(s) and RSP Savings Account(s):



1. Activate by February 28th to put your special interest rate in place.
2. New deposits to these Accounts from February 6, 2018 to June 30, 2018 will earn your special rate of 2.50%.



the fine print is :


Earn More Interest with Your Special Savings Rate Until June 30, 2018

You’re earning 2.50%* on new deposits to your Tangerine Savings Account(s), Tax-Free Savings Account(s) and RSP Savings Account(s) until June 30, 2018. Why not move money to your Account(s), or open a new Account, to make the most of your special rate?


Here’s How It Works:

We totalled up the balances of your eligible Savings, TFSA and RSP Savings Account(s) as they were on February 5, 2018 to get your total balances per Account type
From February 6, 2018 to June 30, 2018, you’ll earn your special interest rate on new deposits over your total balances calculated on February 5, 2018(up to $500,000 per Account type)
The rest of your Account balance will earn the current posted rate
*2.50% interest rate Offer is calculated by adding the Bank's current applicable Posted Rate with the Additional Interest rate of 1.40%. The Offer is only applicable to Tangerine Savings Accounts, RSP Savings Accounts and Tangerine Tax-Free Savings Accounts ("Applicable Accounts") from February 6, 2018 to June 30, 2018. A number of the same type of Applicable Accounts is defined as an "Applicable Account Type". Additional Interest will apply to net new Eligible Deposits made between February 6, 2018 and June 30, 2018 of up to $500,000 per Applicable Account Type for Clients who have received this communication about the Offer directly from Tangerine and who Activate and receive a Confirmation that the Offer has been successfully activated as outlined in the full Offer Terms and Conditions. Clients must be the Primary Account Holder on the Applicable Account. The Offer does not apply to certain Account types. The applicable Posted Rate and the Additional Interest rate are annualized rates, calculated daily and paid monthly. Any Applicable Account closed prior to the payment of Additional Interest will forfeit any Additional Interest calculated during the month in which the Applicable Account is closed. This Offer and interest rates are subject to change without notice.
33 replies
Newbie
User avatar
Jan 8, 2014
75 posts
16 upvotes
Toronto
Got this too. :) Time to go back from EQ to Tangerine.
Deal Fanatic
User avatar
Jun 3, 2006
7057 posts
2395 upvotes
Markham
Interesting... my Jan-May offer isn't expired yet, guess they are putting everyone on rolling 4 month windows?
The myth on the Internet is that Canadians are nice people. Those people who say this just haven't been on RFD.
Sr. Member
Dec 7, 2009
791 posts
325 upvotes
Toronto and points e…
Once again, nothing...
Hopefully Simplii will come through with something else after the current promotion ends
Deal Addict
User avatar
Jul 4, 2006
2638 posts
282 upvotes
DRC wrote:
Feb 6th, 2018 11:00 pm
Once again, nothing...
Hopefully Simplii will come through with something else after the current promotion ends
I've been shut out for the past two years!
Deal Fanatic
User avatar
Jun 3, 2006
7057 posts
2395 upvotes
Markham
DRC wrote:
Feb 6th, 2018 11:00 pm
Once again, nothing...
Hopefully Simplii will come through with something else after the current promotion ends
Did you check under Offers in your profile?
The myth on the Internet is that Canadians are nice people. Those people who say this just haven't been on RFD.
Moderator
User avatar
May 8, 2009
3349 posts
1057 upvotes
45.420833°N, 75.69°W
Thread says targetted. I'm not yet with Tangerine. Do all HISA Tangerine account holders qualify?

Edit: looks like it, went to their website. They're advertising it with referral and pre-auth/scheduled deposits incentives for new customers.

Looks like they want people to jump ship from Simplii asap.
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Newbie
Dec 26, 2014
29 posts
16 upvotes
Cobourg, ON
DRC wrote:
Feb 6th, 2018 11:00 pm
Once again, nothing...
Hopefully Simplii will come through with something else after the current promotion ends
Simpii is earning 3% right now until Feb 28. I love playing the rotating deposit game. I will move all cash out of Simplii on Feb 27. EQ is always the backup.
Deal Addict
Jul 3, 2017
1197 posts
806 upvotes
There are several huge threads about the ongoing Tangerine interest rate deals. They send out targeted "new deposits" offers like this quite frequently, but you don't necessarily need to receive the offer to qualify - you can call in and ask for it (YMMV). A lot of people move their money out of their Tangerine savings account just before the new round of offers every 3 months so that it can qualify as new money, then call in and get the offer, and move it back. But some of us don't even bother doing that - we just call in and tell Tangerine that we'll move our money out to a higher-interest account elsewhere if we don't get their latest offer, and they extend the offer anyway on existing money without needing to move it around. This is all YMMV, so read the other threads and brief yourself on the right things to say before calling in. The Tangerine agents seem to have a set of specific criteria, and they usually have to consult someone before extending the offer if you weren't targeted. The criteria seem to include your account balance, your account history, and you referencing a specific competitor offering a higher interest rate.
Sr. Member
Dec 7, 2009
791 posts
325 upvotes
Toronto and points e…
Exp315 wrote:
Feb 7th, 2018 10:12 am
There are several huge threads about the ongoing Tangerine interest rate deals. They send out targeted "new deposits" offers like this quite frequently, but you don't necessarily need to receive the offer to qualify - you can call in and ask for it (YMMV). A lot of people move their money out of their Tangerine savings account just before the new round of offers every 3 months so that it can qualify as new money, then call in and get the offer, and move it back. But some of us don't even bother doing that - we just call in and tell Tangerine that we'll move our money out to a higher-interest account elsewhere if we don't get their latest offer, and they extend the offer anyway on existing money without needing to move it around. This is all YMMV, so read the other threads and brief yourself on the right things to say before calling in. The Tangerine agents seem to have a set of specific criteria, and they usually have to consult someone before extending the offer if you weren't targeted. The criteria seem to include your account balance, your account history, and you referencing a specific competitor offering a higher interest rate.
Back in October when the targeted offer was 2.75% I called in and was offered 2.0%. Six figure amount on deposit. I asked for a match at EQ's rate. A hold while the supervisor was consulted. Answer was "no". All I have ever had with them was a savings account and concluded that they were not interested in my one product business.
Newbie
Sep 12, 2008
66 posts
6 upvotes
Brampton
is this interest monthly paid? or is compound interest for year and paid monthly?
Sr. Member
Dec 7, 2009
791 posts
325 upvotes
Toronto and points e…
ToniCipriani wrote:
Feb 7th, 2018 9:26 am
Did you check under Offers in your profile?
Yes, thanks. Last offer listed was dated August 2, 2017.
Deal Fanatic
User avatar
Jun 3, 2006
7057 posts
2395 upvotes
Markham
DRC wrote:
Feb 11th, 2018 9:32 am
Yes, thanks. Last offer listed was dated August 2, 2017.
What about under Insights? They moved the offers thing around, it's a bit of a mess right now.
The myth on the Internet is that Canadians are nice people. Those people who say this just haven't been on RFD.
Deal Guru
User avatar
Dec 12, 2009
13650 posts
3322 upvotes
Toronto
titaniumtux wrote:
Feb 7th, 2018 9:39 am
Thread says targetted. I'm not yet with Tangerine. Do all HISA Tangerine account holders qualify?

Edit: looks like it, went to their website. They're advertising it with referral and pre-auth/scheduled deposits incentives for new customers.

Looks like they want people to jump ship from Simplii asap.
If you are going to play the high interest account roulette game, tangerine is the best account to start with. For me the reason is they have the simplest solution for linking to accounts at other banks. Along the way, you earn a few pennies for free. They also don't have new money requirement that a lot of the competition use to limit eligibility.

I have to mention that tangerine offers a referral credit. Of course, the usual caveat, don't beg for referrals here as it's not allowed.
Deal Addict
User avatar
Apr 17, 2005
3820 posts
545 upvotes
Kitchener
Nukester99 wrote:
Feb 7th, 2018 9:51 am
Simpii is earning 3% right now until Feb 28. I love playing the rotating deposit game. I will move all cash out of Simplii on Feb 27. EQ is always the backup.
is anyone and to link simplii to eq? They rejected me because I didn't send simplii a real cheque.
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