[Tangerine Savings] 2.75% Tangerine new deposits - until June 30, 2020 - Targeted YMMV
Date as of February 6, but only received the notification today. Searched and only saw the last promotion in Winter 2019 and the min. savings over $50K promo for May 2020, so thought I would share the generic one.
While this isn't the highest rate, it may be useful for people who do not plan to open a new account or use some of the "less known" financial institutions (B2B Bank / LBC Digital - 3.30% to become 2.80% on March 1; Motive Financial - 2.80%).
Personally, I will move cash from Simplii 2.80% (ends April 30, 2020) since Tangerine pays out monthly vs. Simplii paying out at end of promotion period. After June 30, 2020, I will evaluate whether the other banks are worth signing up for, or if they will be doing a bait and switch strategy (as B2B Bank already announced their rate drop effective March 1).
Offer:
You’re eligible for a special interest rate on your savings
A great savings rate could be just the thing you need to help you reach your savings goals faster. Here’s how you can start earning 2.75% interest* on new deposits to your Tangerine Savings Account(s), Tax-Free Savings Account(s), RSP Savings Account(s) and now, US$ Savings Account(s):
Click the ‘Activate Now’ button below by February 29, 2020
Eligible new deposits to these Accounts from February 6, 2020 to June 30, 2020 (up to a maximum of 1,000,000† per Applicable Account Type*) will earn your special rate of 2.75%.
Once you’ve activated, here’s how it will work:
We’ll total up the balances of your eligible Savings, TFSA, RSP Savings and US$ Savings Account(s) as they were on February 5, 2020 to get your total balances per Account Type
From February 6, 2020 to June 30, 2020, you’ll earn your special interest rate on new deposits over your total balances calculated on February 5, 2020 (up to $1,000,000† per Account Type)
The rest of your Account balance will earn the current posted rate
While this isn't the highest rate, it may be useful for people who do not plan to open a new account or use some of the "less known" financial institutions (B2B Bank / LBC Digital - 3.30% to become 2.80% on March 1; Motive Financial - 2.80%).
Personally, I will move cash from Simplii 2.80% (ends April 30, 2020) since Tangerine pays out monthly vs. Simplii paying out at end of promotion period. After June 30, 2020, I will evaluate whether the other banks are worth signing up for, or if they will be doing a bait and switch strategy (as B2B Bank already announced their rate drop effective March 1).
Offer:
You’re eligible for a special interest rate on your savings
A great savings rate could be just the thing you need to help you reach your savings goals faster. Here’s how you can start earning 2.75% interest* on new deposits to your Tangerine Savings Account(s), Tax-Free Savings Account(s), RSP Savings Account(s) and now, US$ Savings Account(s):
Click the ‘Activate Now’ button below by February 29, 2020
Eligible new deposits to these Accounts from February 6, 2020 to June 30, 2020 (up to a maximum of 1,000,000† per Applicable Account Type*) will earn your special rate of 2.75%.
Once you’ve activated, here’s how it will work:
We’ll total up the balances of your eligible Savings, TFSA, RSP Savings and US$ Savings Account(s) as they were on February 5, 2020 to get your total balances per Account Type
From February 6, 2020 to June 30, 2020, you’ll earn your special interest rate on new deposits over your total balances calculated on February 5, 2020 (up to $1,000,000† per Account Type)
The rest of your Account balance will earn the current posted rate
Last edited by Presents on Feb 12th, 2020 12:02 pm, edited 3 times in total.