Personal Finance

Tangerine offer large amount

  • Last Updated:
  • Apr 25th, 2019 2:48 pm
[OP]
Newbie
Oct 28, 2008
41 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
694 posts
524 upvotes
EQ 90 day GIC
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Newbie
May 24, 2018
86 posts
45 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
10284 posts
6059 upvotes
45.420833°N, 75.69°W
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
607 posts
220 upvotes
Toronto, ON
confusia wrote:
Apr 25th, 2019 9:19 am
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.
Newbie
User avatar
Sep 13, 2003
94 posts
78 upvotes
Barrie, ON
titaniumtux wrote:
Apr 25th, 2019 10:14 am

  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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