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Tangerine

1 year non registered GIC at 4.85%, (not targeted offer, open to everyone, new or actual clients)

  • Last Updated:
  • Nov 2nd, 2022 12:33 am
Deal Addict
Jun 4, 2012
4991 posts
4427 upvotes
darkwata wrote: The rate has dropped to 4.4% for the 1 year now :(
So much for BOC rate increase... If they keep dropping rates, the increase willl just bring it back to the before rate...
Deal Addict
Jan 31, 2018
1114 posts
1969 upvotes
Winnipeg
muffin4life wrote: So much for BOC rate increase... If they keep dropping rates, the increase willl just bring it back to the before rate...
Probably preparing for the possibility that the BoC only raises rates by 0.5%, which would indicate that the gravy train is over and GIC rates will fall. But another central rate rise of 0.75-1.0% will surely bump GIC rates - for a short while at least.
Deal Addict
Jan 31, 2018
1114 posts
1969 upvotes
Winnipeg
frenk927 wrote: How long for bank to update their rate ?
In the last cycle, GIC rates seemed to peak 1-2 weeks after the BoC made it's move.
Deal Addict
User avatar
Oct 11, 2005
1943 posts
3719 upvotes
Airdrie, AB
Wow, took my eyes off the ball and was surprised with today's rates compared to just 2-3 weeks ago. Here's a snapshot of rates as of 09/07...
TangerineGICs20220907.png

Hopefully the +0.75% in BoC rates will boost GICs. I held off buying a 270-day GIC in anticipation of a hike, and currently enjoying the last 1-2 months of a 10-month BT. Almost feel like I should've paid it off early and start a new BT.
Deal Addict
Jul 22, 2019
2502 posts
3283 upvotes
Hmm. Wonder if Tabgerine will go higher. Hesitant to transfer money to them if lower rate than others.
Deal Guru
User avatar
Sep 21, 2005
13351 posts
12121 upvotes
simplypop wrote: Hmm. Wonder if Tabgerine will go higher. Hesitant to transfer money to them if lower rate than others.
I think the Tangerine and EQ raised their GIC rates expecting the BoC hike yesterday. Just my 2 cents.
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Deal Addict
User avatar
Feb 24, 2012
2939 posts
928 upvotes
Toronto
embguy wrote: I think the Tangerine and EQ raised their GIC rates expecting the BoC hike yesterday. Just my 2 cents.
Didn't they lower the rates?

Tangerine went from 4.6% -> 4.4%
Deal Fanatic
User avatar
Apr 1, 2001
6335 posts
1061 upvotes
Should I be surprised that they haven't increased their 1 year GIC rate despite the latest BOC rate hike?
Deal Addict
Nov 20, 2017
1149 posts
929 upvotes
CIBC has 4.6 advertised as a bonus rate.. not sure what that entails?

If you sign 5 years will the rate ever change or is it guaranteed the whole period?
Sr. Member
Apr 1, 2004
735 posts
75 upvotes
just noticed their one year rate increased to 4.7%


Deal Addict
User avatar
Nov 28, 2005
1799 posts
209 upvotes
4.85% for 1.5 years; 4.70% for 1 year.
[OP]
Penalty Box
Nov 21, 2013
8128 posts
9301 upvotes
Montréal
TheHutt wrote: 4.85% for 1.5 years; 4.70% for 1 year.
rates raised again. Thanks for reporting this. 1 year is now 4.85%, 1.5 years 5%, a raise of 0.15% for both terms
Deal Addict
Oct 13, 2008
1628 posts
2188 upvotes
Mississauga
DoorCrasher wrote: rates raised again. Thanks for reporting this. 1 year is now 4.85%, 1.5 years 5%, a raise of 0.15% for both terms
0.35% rise for 3 year rates. 4.75% to 5.1% very attractive if you have spare funds.
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CIBC, Tang and EQ
[OP]
Penalty Box
Nov 21, 2013
8128 posts
9301 upvotes
Montréal
jadoogar wrote: 0.35% rise for 3 year rates. 4.75% to 5.1% very attractive if you have spare funds.
attractive, but since rates are expected to raise again (they talk about a 0.5 point raise of the BOC rate), I would not go over 1 or 1.5 years, and keep some money to invest AFTER the raise
[OP]
Penalty Box
Nov 21, 2013
8128 posts
9301 upvotes
Montréal
Let see if Tangerine will raise their rates for non registered GIC's

BOC raised to 3.75%
Sr. Member
Sep 14, 2009
814 posts
456 upvotes
Kingston
DoorCrasher wrote: Let see if Tangerine will raise their rates for non registered GIC's

BOC raised to 3.75%
I just hedged a bit that they may lower GICs of 1+ years duration as BOC went against the forecast of 0.75 and economic data points to lower inflation...and bought Tang's 1 and a half year @ 5% GICs. Probably faulty logic on my part.
[OP]
Penalty Box
Nov 21, 2013
8128 posts
9301 upvotes
Montréal
cardero wrote: I just hedged a bit that they may lower GICs of 1+ years duration as BOC went against the forecast of 0.75 and economic data points to lower inflation...and bought Tang's 1 and a half year @ 5% GICs. Probably faulty logic on my part.
Banks take into considerartion many factors when ithey announce interest rates, not only the BOC rate. Any strategy may be good. The best strategy is the one you feel comfortable with. Terms and amount of money locked into a GIC all depends of tour personnal nerfs and objectives.
Deal Addict
Jun 4, 2012
4991 posts
4427 upvotes
xxxibgdrgn wrote: Will banks like TD match the rate at all?
Not likely. Tangerine is not considered part of the Big 5.

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