Personal Finance

any good alternatives to tangerine

  • Last Updated:
  • Sep 23rd, 2020 8:39 pm
[OP]
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Mar 5, 2005
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any good alternatives to tangerine

tired of calling in for promo rates.
signed up with eqbank and find them pretty good but i will soon hit the deposit limit so i was wondering if any knows of any other alternatives
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Deal Addict
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Dec 4, 2007
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yes sir, anybody can make a mistake. no worrie
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Oct 7, 2007
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Oaken has pretty good GIC rates if you are able to lock up your money for 18 months.
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Feb 4, 2010
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I recently signed up for Motive Financial
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Nov 6, 2015
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Guelph, ON
Alternative for what? A no-fee chequing account? Something else?

If you only have it for a HISA, then you just leave your account open, and whenever there is a new promo, transfer money in, and when the promo ends move it out. Don't bother with begging, just go with the flow.
Sr. Member
Sep 22, 2010
583 posts
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Victoria
JoeBlack23 wrote: Alternative for what? A no-fee chequing account? Something else?

If you only have it for a HISA, then you just leave your account open, and whenever there is a new promo, transfer money in, and when the promo ends move it out. Don't bother with begging, just go with the flow.
Which bank do you suggest? I'm under the impression that once you are an established customer Tangerine no longer gives you promos?

EDIT: Personally I'm looking for an increased interest rate on my account.
Member
Nov 6, 2013
323 posts
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Vancouver
fortunat wrote: tired of calling in for promo rates.
signed up with eqbank and find them pretty good but i will soon hit the deposit limit so i was wondering if any knows of any other alternatives
Motive Financial 1.75% with no limit on the balance.
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Jun 4, 2017
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Pointshogger wrote: Motive Financial 1.75% with no limit on the balance.
It's capped at $1M. Anything over earns the puny rate.
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Dec 5, 2006
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sskrald wrote: It's capped at $1M. Anything over earns the puny rate.
Put 1m in HISA?
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smartie wrote: Put 1m in HISA?
Not in motive at 1.75% when there are better rates elsewhere.
[OP]
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Mar 5, 2005
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JoeBlack23 wrote: Alternative for what? A no-fee chequing account? Something else?

If you only have it for a HISA, then you just leave your account open, and whenever there is a new promo, transfer money in, and when the promo ends move it out. Don't bother with begging, just go with the flow.
HISA
[OP]
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Mar 5, 2005
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sskrald wrote: Not in motive at 1.75% when there are better rates elsewhere.
Better rates on a HISA, where?
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Jul 16, 2019
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sskrald wrote: It's capped at $1M. Anything over earns the puny rate.
If you have $1 000 000, you should probably be investing most of it rather than putting it in a HISA. A HISA is best used for your emergency fund, which should be enough for you to live on for about six months.
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someweirdo wrote: If you have $1 000 000, you should probably be investing most of it rather than putting it in a HISA. A HISA is best used for your emergency fund, which should be enough for you to live on for about six months.
Actually sleep better with low or no risk. Preferred laddering medium to long term strip bonds but those tanked with interest rates so low.
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Nov 6, 2015
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Guelph, ON
calvados.boualrd wrote: Which bank do you suggest? I'm under the impression that once you are an established customer Tangerine no longer gives you promos?

EDIT: Personally I'm looking for an increased interest rate on my account.
Take your pick:
https://www.highinterestsavings.ca/chart/

I'm a long established customer of Tangerine and they offer me promos at least twice a year. Apparently they don't offer to everyone. My theory is they target people who move large amounts out every time a promo ends. There's probably some threshold that makes it worth it to offer the promo.
Last edited by JoeBlack23 on Sep 19th, 2020 7:45 pm, edited 1 time in total.

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