How many times did you call? Try several times until they give you a higher interest rate.
Tangerine Interest Rate Lottery thread
- Last Updated:
- Mar 28th, 2024 3:03 pm
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- SCORE+58
- 15june
- Jr. Member
- Jun 24, 2015
- 111 posts
- 15 upvotes
- Toronto, ON
- atomiton
- Deal Addict
- Dec 14, 2007
- 3105 posts
- 1530 upvotes
What irritates me is that they offered 2.75% but it's only on new money... so you have to move it out before the previous deal expires... before moving it back in again... while the marketing APPEARS like they're giving you 2.75% on what you had in there already.
I'd love to write history... in advance.
AMEX Biz Plat 75K AGAIN! | Plat 60K | Biz Gold 40K | Gold 25K | SPG 20K
AMEX Biz Plat 75K AGAIN! | Plat 60K | Biz Gold 40K | Gold 25K | SPG 20K
- akaManny
- Deal Addict
- Mar 8, 2013
- 2950 posts
- 1611 upvotes
So live and learn. Always move your money out of Tangerine before the end of the quarter, regardless of the current deal.
- starbelow
- Member
- May 5, 2012
- 362 posts
- 148 upvotes
- CALGARY
Good bye tangerine Hello Simplii!
- bylo
- Deal Expert
- Jan 7, 2002
- 29711 posts
- 29133 upvotes
- Waterloo, ON
More here: Simplii (ex PCF) ... 3% new deposits promo: Nov 1, 2017 - February 28, 2018
P.S. I wonder if TING will match the 3% when people call in to move their money to Simplii? It's worth a shot.
veni, vidi, Visa
- agit [OP]
- Sr. Member
- Jan 23, 2009
- 946 posts
- 1932 upvotes
- Ontario
- MikeyCanada
- Newbie
- Nov 28, 2016
- 94 posts
- 48 upvotes
- Alberta
Has anyone actually tried phoning Tangerine to match Simplii's 3%???
- Darkman
- Banned
- May 7, 2007
- 13912 posts
- 5710 upvotes
I just tried ... "no go" ... moved most of my money at TING to Simplii for now.MikeyCanada wrote: ↑ Has anyone actually tried phoning Tangerine to match Simplii's 3%???
- MikeyCanada
- Newbie
- Nov 28, 2016
- 94 posts
- 48 upvotes
- Alberta
- Darkman
- Banned
- May 7, 2007
- 13912 posts
- 5710 upvotes
Not to say that TING might decide to match 3% (or better) at some future point ...MikeyCanada wrote: ↑ Thank you for the reply. Then Hello to Simplii as well! Let the games continue....
The Simplii's 3% just hit them today ... they have to digest it for a while maybe ... and go from there
Time will show ...
If Tangerine were to offer 3% (instead of my current 2.5% there) ... I'd probably move my money back to them
- atomiton
- Deal Addict
- Dec 14, 2007
- 3105 posts
- 1530 upvotes
To be honest, I probably wouldn't have bothered, but I missed the deadline to pull my money out of TING before they offered me 2.75%
oh... here' a fun table:
Here's a fun fact, $100,000 invested @ 3% will actually yield $1.88 more with Tangerine than Simplii due to compounding... of course, if you allow for the two day transfer between banks, and account for money already in... that would mean the effective interest rate...
source: https://xkcd.com/1908/
oh... here' a fun table:
Code: Select all
╔══════════════════════════════════════╗
║ 3 mo. ROI analysis: PCF vs. Simplii ║
╠════════╦═════════╦═════════╦═════════╣
║ Amount ║ @2.5%* ║ @2.75%* ║ @3%† ║
╠════════╬═════════╬═════════╬═════════╣
║ 10,000 ║ $62.63 ║ $68.91 ║ $75 ║
║ 50,000 ║ $313.15 ║ $344.54 ║ $375 ║
║ 75,000 ║ $469.73 ║ $516.81 ║ $562.50 ║
╚════════╩═════════╩═════════╩═════════╝
* Calculated daily, compounded monthly
† Calculated daily, compounded quarterly
source: https://xkcd.com/1908/
I'd love to write history... in advance.
AMEX Biz Plat 75K AGAIN! | Plat 60K | Biz Gold 40K | Gold 25K | SPG 20K
AMEX Biz Plat 75K AGAIN! | Plat 60K | Biz Gold 40K | Gold 25K | SPG 20K
- amitpandit
- Banned
- Oct 31, 2017
- 49 posts
- 12 upvotes
So you are on a current 2.5 % retention offer of 90 days from Tangerine ?Darkman wrote: ↑ Not to say that TING might decide to match 3% (or better) at some future point ...
The Simplii's 3% just hit them today ... they have to digest it for a while maybe ... and go from there
Time will show ...
If Tangerine were to offer 3% (instead of my current 2.5% there) ... I'd probably move my money back to them
I am on a 2 % from 90 days from Tangerine. I know they won't match 3 % of Simplii. But if I call in or chat online , do you think they will increase my current 2 % for 90 days to 2.5 % for 90 more days ? I am OK with that, doesn't have to be 3 % , 2.5 % is OK for me.
Or once you have accepted a retention offer, you are done and they won't change it and you HAVE to wait till it expires.
The only reason I took 2 % is because I got NADA in the lottery promo from Tangerine, which went up to 2.75 % for NEW deposits .
So I thought something is better than nothing and took the 2 % instead of their crappy 0.8 % they had at that time.
Down Votes are always welcome. They mean as much to me as FB likes..LOL
- Darkman
- Banned
- May 7, 2007
- 13912 posts
- 5710 upvotes
Yes.amitpandit wrote: ↑ So you are on a current 2.5 % retention offer of 90 days from Tangerine ?
I am on a 2 % from 90 days from Tangerine. I know they won't match 3 % of Simplii. But if I call in or chat online , do you think they will increase my current 2 % for 90 days to 2.5 % for 90 more days ? I am OK with that, doesn't have to be 3 % , 2.5 % is OK for me.
Or once you have accepted a retention offer, you are done and they won't change it and you HAVE to wait till it expires.
The only reason I took 2 % is because I got NADA in the lottery promo from Tangerine, which went up to 2.75 % for NEW deposits .
So I thought something is better than nothing and took the 2 % instead of their crappy 0.8 % they had at that time.
I can't predict future ... or know answers for hypothetical questions ... You have to contact them ... ask for it ... and see how it plays out
- Darkman
- Banned
- May 7, 2007
- 13912 posts
- 5710 upvotes
How about $300,000?atomiton wrote: ↑ To be honest, I probably wouldn't have bothered, but I missed the deadline to pull my money out of TING before they offered me 2.75%
oh... here' a fun table:Here's a fun fact, $100,000 invested @ 3% will actually yield $1.88 more with Tangerine than Simplii due to compounding... of course, if you allow for the two day transfer between banks, and account for money already in... that would mean the effective interest rate...Code: Select all
╔══════════════════════════════════════╗ ║ 3 mo. ROI analysis: PCF vs. Simplii ║ ╠════════╦═════════╦═════════╦═════════╣ ║ Amount ║ @2.5%* ║ @2.75%* ║ @3%† ║ ╠════════╬═════════╬═════════╬═════════╣ ║ 10,000 ║ $62.63 ║ $68.91 ║ $75 ║ ║ 50,000 ║ $313.15 ║ $344.54 ║ $375 ║ ║ 75,000 ║ $469.73 ║ $516.81 ║ $562.50 ║ ╚════════╩═════════╩═════════╩═════════╝ * Calculated daily, compounded monthly † Calculated daily, compounded quarterly
source: https://xkcd.com/1908/
- dadizhu
- Sr. Member
- Sep 6, 2009
- 704 posts
- 310 upvotes
I called in to set up transfer for 2 accounts with the max amount in each. It was a quick NO from the rep. He didn't even bother to talk to manager. 0.25% difference for 4 month is about $833. I would say this makes a difference
- atomiton
- Deal Addict
- Dec 14, 2007
- 3105 posts
- 1530 upvotes
- bylo
- Deal Expert
- Jan 7, 2002
- 29711 posts
- 29133 upvotes
- Waterloo, ON
"OK Google, WTF is Siri?" or "OK Google, are you Sirious?"
A platform-independent solution that even works if you're not a fanboy: https://www.google.ca/search?q=75*10*3
Last edited by bylo on Nov 1st, 2017 3:12 pm, edited 1 time in total.
veni, vidi, Visa
- amitpandit
- Banned
- Oct 31, 2017
- 49 posts
- 12 upvotes
Now with Simplii at 3 % , they will be more polite as people start moving funds out from Tangerine .parclub wrote: ↑ Last period I moved out over 300k after talking to a rude CSR that offered peanuts, even asked if I wished to close the account before I had a chance to respond.
Perhaps a note was added to my file because I never even got an offer in the lottery.
Since then I've moved to greener pastures and will perhaps move back, but only for a premium.
Pissed off with TING ?? You bet I am, I had been there since day one.
Down Votes are always welcome. They mean as much to me as FB likes..LOL
- bylo
- Deal Expert
- Jan 7, 2002
- 29711 posts
- 29133 upvotes
- Waterloo, ON
I would...
1. Move money out of TING if they won't match Simplii.
2. Collect the 3% while you wait for TING's adult supervisors to notice the giant sucking sound that tons of cash makes as it's being vacuumed out of their system.
3. See if they have a change of heart and start matching Simplii.
4. Profit!
1. Move money out of TING if they won't match Simplii.
2. Collect the 3% while you wait for TING's adult supervisors to notice the giant sucking sound that tons of cash makes as it's being vacuumed out of their system.
3. See if they have a change of heart and start matching Simplii.
4. Profit!
veni, vidi, Visa
- mkl38s
- Deal Fanatic
- Jan 21, 2014
- 8518 posts
- 6261 upvotes
I think it's a win-win for anyone moving the money out:
1. Get 0.25% more
2. Have a better chance of getting a rate > 3% comes Jan 5th
1. Get 0.25% more
2. Have a better chance of getting a rate > 3% comes Jan 5th
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