Tangerine HISA 1.75% Offer - Targeted

MTLCPA wrote: ↑ I called in to move funds out and was offered on the spot 1.40% for 150 days.

chay9220 wrote: ↑ EQ Bank 3 month GICs are still better if you don't need the money immediately

markdweasel wrote: ↑ If I recall these GICs are strictly for TFSA accounts.
is Can tire bank offer still present? their website says you have to have had the account setup prior to Sep 2020.
1.8% is best so far other than EQ bank for TFSA .

I just had the manulife bank promo rate expire and am looking for alternatives. Tangerine is offering nothing.
any pointers are greatly appreciated.

Thanks.

Defender219 wrote: ↑ I have a current promo expiring on the 28th. If I transfer over to EQ prior to the 28th and receive an offer will the interest accumulate based on the entire amount I deposit back to tangerine or only anything over and above what I had previously?

agit wrote: ↑ Tangerine offer check your insights -
Activate your special savings rate offer of 1.75%* interest now. Tangerine Savings Account(s), until June 20, 2021.

flyjazz wrote: ↑ If you already have an account with EQ @1.5%, that's your best bet right now. Alternatively, there's Canadian Tire bank @ 1.8% and Motive Financial @1.55%. Think of those 3 options as a place to park your funds until another promo comes up with Tangerine, Simplii or Manulife.

flyjazz wrote: ↑ Tangerine takes a snapshot of the balance in your savings account. If your balance is zero for example, all funds you transfer back in are subject to the promotional interest. The tricky part is determining how many days prior to transfer your funds out. The 28th is a Sunday, EFT transfers are business days only, so in your case have everything out on Friday the 26th. Yeah, you lose 3 days interest, the alternative is not having your funds qualify if the new promo starts March 1st.

Defender219 wrote: ↑ Thanks, unfortunately my EQ account likely wont be setup until the end of next week so they would likely be taking the snapshot with my full amount. I have an external link to my day to day Scotiabank account, could I transfer the full amount from Tangerine and park it there until my EQ account is setup and then do another external transfer from Scotia to EQ?

If so any idea on the timing & amount limit for an external transfer out of Tangerine?

flyjazz wrote: ↑ You will need to push the funds to Scotia and the limit is $50,000 per transaction, not sure if you can do more than one for the same day, or you could call in and they can make it significantly more. Generally speaking, you could move your funds from the savings account to the chequing account as Tangerine historically does not make that part of the snapshot. The timing is a bit tricky, worse case scenario, move your funds to the chequing account on Sunday the 28th, or a day or two sooner to be on the safe side. Keep in mind, there's no guarantee you'll get targeted for another promo starting March 1st, that's why it's famously known as the Tangerine lottery. Remember, targeted offers are random and you may not get another one for quite a while. If you do call in to initiate a transfer, they've been known to sometimes offer an extension at a lower rate which will exclude you from receiving targeted offers while the extension is ongoing.

jerryhung wrote: ↑ Funny I randomly checked today and only realized today that I have a 2% offer expiring March 1st (oops), from Nov 2020 to March 1, 2021
Guess I'll wait for the next new (hopefully BETTER) offer after 3/1

Although, 2% is pitty vs. the super-hot stock markets, where one can make +10-20% in a day on Crypto names ;-p