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Tangerine

A special 4.75% Savings rate* is coming soon

  • Last Updated:
  • Jan 30th, 2023 3:13 am
[OP]
Deal Guru
Dec 5, 2006
13440 posts
8813 upvotes
Markham

[Tangerine] A special 4.75% Savings rate* is coming soon

Retailer:
Tangerine
More offers from Tangerine
From email :

Very soon, you’re going to be able to earn a 4.75% special interest rate on all of your eligible non-registered Savings balances of up to $1,000,000 combined*!

Here’s what you need to know:

1. Look out for a message from us dropping in your inbox on January 5, 2023.

2. In that email, activate your offer to earn your special rate.

3. To make the most of your special rate, just keep your money right where it is.
Thread Summary
The 4.75% Interest Rate Offer (the “Offer”) is only available to existing Tangerine Clients who have received this communication directly from Tangerine

YMMV, like all Tangerine promos
294 replies
Sr. Member
Sep 29, 2009
621 posts
218 upvotes
Toronto
Yes! I just got this too. Not a moment too soon with my 4.35% offer expiring at the end of the month. Looks like this applies to existing balances so no shuffle needed.
Deal Fanatic
Jan 21, 2014
7046 posts
4491 upvotes
Yup I got the deal too. till 5/31. I guess it's not as good as 5% till end of April, but I will take it and keep my money with them as my 4.3% expiring in a few days

my bad corrected the end date
Last edited by mkl38s on Dec 23rd, 2022 1:08 pm, edited 1 time in total.
Deal Addict
Dec 29, 2012
2140 posts
2215 upvotes
Toronto
mkl38s wrote: Yup I got the deal too. only till 3/31. I guess it's not as good as 5% till end of April, but I will take it and keep my money with them as my 4.3% expiring in a few days
It ends May 31 according to the email
[OP]
Deal Guru
Dec 5, 2006
13440 posts
8813 upvotes
Markham
queerasmoi wrote: Yes! I just got this too. Not a moment too soon with my 4.35% offer expiring at the end of the month. Looks like this applies to existing balances so no shuffle needed.
yes, same. I actually just transferred my money to BNS in case the new promotion is only for new balance. So now have to transfer back
Member
Feb 7, 2019
313 posts
234 upvotes
Rats... I didn't get that email!
I believe it is a mistake to judge the quality of a decision solely by its outcome. Good decisions (i.e. lumpsum investing) can have "bad" outcomes and bad decisions can have good outcomes simply because of luck— Germack
Deal Fanatic
Jan 21, 2014
7046 posts
4491 upvotes
Just realize I will lose 5 days of high interest? my promotion ends Dec 31, new rate only starts Jan 5 Smiling Face With Horns
Member
Feb 23, 2010
322 posts
738 upvotes
Vancouver
mkl38s wrote: Just realize I will lose 5 days of high interest? my promotion ends Dec 31, new rate only starts Jan 5 Smiling Face With Horns
This is how Tangerine gets you. They played the mind game that most people would not bother transfer out for 5 days of interest.
Deal Addict
Nov 26, 2014
1317 posts
2383 upvotes
Calgary, AB
120 people viewing this thread Astonished Face

You could say there's lots of...interest.
Deal Fanatic
Jan 21, 2018
7835 posts
8528 upvotes
Vancouver
OP forgot to mention the most important part:

"The 4.75% Interest Rate Offer (the “Offer”) is only available to existing Tangerine Clients who have received this communication directly from Tangerine".

The Tangerine offer starts Jan 5, so it has 5-day gap from the end of the previous promo. And it's not as good as the 5% to Apr 30 offer I just got from Simplii.
Last edited by Scote64 on Dec 23rd, 2022 1:24 pm, edited 1 time in total.
Deal Addict
Jan 27, 2007
1332 posts
1363 upvotes
Got the same, doesn't mention US account specifically? Do you think it's included?
Newbie
Apr 30, 2007
20 posts
40 upvotes
Vancouver
Simplii is offering 5% interest on their high interest savings account. Ymmv

This offer is available from December 1, 2022 to April 30, 2023 (the "Offer Period"), by invitation only. The special annual interest rate of 5.00% is a combination of promotional and regular annual interest rates payable on deposits made to an eligible Simplii Financial High Interest Savings Account ("HISA"), Tax Free Savings Account ("TFSA") or RRSP Savings Account ("RRSP"), respectively (each, an "Eligible Savings Account") during the Offer Period. Eligible Savings Accounts opened before the Offer Period must be enrolled in the offer by the primary account holder. Eligible Savings Accounts opened during the Offer Period are automatically enrolled in the offer.

For Eligible Savings Accounts opened before the Offer Period that have been enrolled in the offer, promotional interest is calculated on the portion of the applicable account's average daily closing balance during the Offer Period that exceeds the closing balance as at November 30, 2022 (the "Additional Balance").

For Eligible Savings Accounts opened during the Offer Period, promotional interest is calculated on the portion of the applicable account's average daily closing balance from the date the account is opened to the end of the Offer Period (the "New Balance").

The maximum balance (which includes the Additional Balance and New Balance) that is eligible for promotional interest is $500,000 aggregated across all Eligible Savings Accounts of the primary account holder. Promotional interest will be paid in May 2023 into each eligible TFSA, RRSP and for HISAs, into a single eligible HISA held by the primary account holder that is open and in good standing at the time of payment.

Each TFSA or RRSP holder is solely responsible for knowing what their RRSP or TFSA contribution room is and not over-contributing, otherwise, penalty taxes may apply and for RRSPs, contributions may not be tax deductible. Eligible Savings Accounts will continue to earn regular interest, calculated on the daily closing balance and paid monthly.

The offer is non-transferable and cannot be combined with other promotional rate offers. Promotional interest and regular interest rates are subject to change at any time without notice. See here for the full terms and conditions.


Simplii Financial, PO Box 603 Station Agincourt, Toronto, ON M1S 5K9
Member
Feb 4, 2017
475 posts
610 upvotes
Calgary
Always hate how Tangerine plays roulette with their clients for rates.

I haven't gotten of the leave money in promos to this date.
Jr. Member
Jun 3, 2017
163 posts
66 upvotes
Scarborough, ON
Is it just for new deposit? Not for the money already sitting in Tangerine savings account?
Deal Fanatic
User avatar
Sep 7, 2004
8023 posts
4911 upvotes
West GTEH!
Scote64 wrote: OP forgot to mention the most important part:

"The 4.75% Interest Rate Offer (the “Offer”) is only available to existing Tangerine Clients who have received this communication directly from Tangerine".

The Tangerine offer starts Jan 5, so it has 5-day gap from the end of the previous promo. And it's not as good as the 5% to Apr 30 offer I just got from Simplii.
So, in other words. "targeted offer (YMMV)".

Nothing to see here, moving on...............
😎
Deal Fanatic
User avatar
Jun 13, 2010
6617 posts
8407 upvotes
GTA
If you're an Investor's Group customer you can get a 4.9% HISA. Prime -1.55%. This is the normal rate not a limited time promotion.
Last edited by tew on Dec 23rd, 2022 1:47 pm, edited 2 times in total.
Deal Addict
Oct 13, 2008
1635 posts
2203 upvotes
Mississauga
I moved out all my funds including RSP/TFSA recently so no chance I will get this offer, last offer I received was in June till Nov. 27th for 3% interest for HISA account. Oh well, getting 4.25% in Meridian till end of January.
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Deal Addict
Apr 18, 2008
1716 posts
830 upvotes
Toronto
mkl38s wrote: Just realize I will lose 5 days of high interest? my promotion ends Dec 31, new rate only starts Jan 5 Smiling Face With Horns
humble_kid wrote: This is how Tangerine gets you. They played the mind game that most people would not bother transfer out for 5 days of interest.
and I admit they got me. 4.75% vs 5% elsewhere + losing 5 days of high interest, but that is just good enough for me to say "too lazy to open new account elsewhere to chase 5% for a few months". Well played Tangerine.
Amerifriend threads need to include instructions on how to acquire an amerifriend. :confused:

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