Personal Finance

Tangerine offer large amount

  • Last Updated:
  • Apr 25th, 2019 2:48 pm
[OP]
Newbie
Oct 28, 2008
42 posts
3 upvotes

Tangerine offer large amount

Hi Everyone
Has anyone got better than 2.4% lately. I have some money that I will be using to buy condo so it’s around 500k that I have for 6 months.
Thanks
6 replies
Sr. Member
Apr 19, 2017
831 posts
647 upvotes
EQ 90 day GIC
CucuCovers, GreatCanadianRebates, LendingLoop, Mintos, PayMi, Stack, Tangerine, TransferWise, Uber, Wealthsimple
Jr. Member
May 24, 2018
142 posts
81 upvotes
Ontario
Are you aware of RBC eSavings "3% for first 3 months" (bank) or "DUCA Earn More Savings Account 3% until 2020" (Ontario credit union)?
Deal Guru
User avatar
May 8, 2009
11987 posts
8606 upvotes
sometimes
OP...
  1. if in Ontario, consider DUCA. Out of province applicants can sign up in person at a branch in GTA (Ontarians can apply online). ~3% until January
  2. Look at intro offers from Meridian
  3. Motive Financial 2.8% (no QC), can sign up online
  4. TFSA at SCU for currently 2.85% (but your lump sum is probably greater than your TFSA contribution room)
  5. Consider signing up for HISA's at several places. You may want to jump on their GIC rates and it's a lot easier if you already have footprint. Consider Hubert, Achieva, Canadian Tire, etc.
  6. Sign up with all the subbies for no-fee banking for their HISA & GIC promos. You have Tang, I already suggested Motive. Consider Simplii, Alterna Bank, etc.
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Sr. Member
User avatar
Jun 23, 2017
824 posts
368 upvotes
Toronto, ON
confusia wrote: Hi Everyone
Has anyone got better than 2.4% lately. I have some money that I will be using to buy condo so it’s around 500k that I have for 6 months.
Thanks
2.8% @ Motive. 2.3% @ EQ Bank ... these are normal/non-promo rates.
Jr. Member
User avatar
Sep 13, 2003
105 posts
90 upvotes
Barrie, ON
titaniumtux wrote:
  1. if in Ontario, consider DUCA. Out of province applicants can sign up in person at a branch in GTA (Ontarians can apply online). ~3% until January
Unfortunately DUCA has amended their offer to apply to a maximum of $100K so any balance over $100K would earn just 1.6%
https://earnmore.duca.com/

OP...with $500K I think HSBC at 3% is your best bet
https://www.hsbc.ca/savings-accounts/savings-offer/

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