Yes, "sigh..."Next123 wrote: ↑Jul 15th, 2017 10:59 amSo 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.
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...
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.
(*these keep coming up almost by themselves, I swear )