Expired Hot Deals

[Tangerine] Tangerine GIC 2.8% for 180 days - 3.2% for 5 Years

  • Last Updated:
  • Apr 3rd, 2020 6:07 pm
[OP]
Newbie
Dec 28, 2012
38 posts
131 upvotes
Montreal

[Tangerine] Tangerine GIC 2.8% for 180 days - 3.2% for 5 Years

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Tangerine
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Looks like Tangerine recently upped their GIC rates.

180 Day 2.80%
270 Day 2.60%
1 Year 2.80%
1.5 Year 2.85%
2 Year 2.90%
3 Year 3.00%
4 Year 3.10%
5 Year 3.20%

Might be good to sign up now considering the BoC lowered interest rates another 50 basis points so all these HISA will probably lower their rates again soon.
Last edited by daewoo19 on Mar 27th, 2020 12:10 pm, edited 1 time in total.
280 replies
Deal Addict
Sep 1, 2007
1649 posts
1209 upvotes
Surrey
Great deal! Too bad I'm already locked in till December
Koodo $40/13gb $35/10gb wireless plans//
Sr. Member
Nov 16, 2016
928 posts
848 upvotes
Edmonton, AB
Damn that's hot. Oaklen has slightly better rates I think, but I trust Tangerine more.

Does anyone know what happens if you retract a GIC early? Do I just lose the interest I've accrued?

Cuz if need more money but I've invested it all, I would like to withdraw it? Is it possible to buy like 30 $1000 GICs rather than one $30,000 GIC?
The Biggest of the Big has arrived!
Deal Fanatic
Sep 10, 2008
6473 posts
4484 upvotes
Kitchener
Low MER index funds (TD e-Series) are a MUCH better investment right now.
Deal Addict
Sep 1, 2007
1649 posts
1209 upvotes
Surrey
Bigboy16 wrote: Damn that's hot. Oaklen has slightly better rates I think, but I trust Tangerine more.

Does anyone know what happens if you retract a GIC early? Do I just lose the interest I've accrued?

Cuz if need more money but I've invested it all, I would like to withdraw it? Is it possible to buy like 30 $1000 GICs rather than one $30,000 GIC?
Ya, you can buy a bunch of small GIC's
Koodo $40/13gb $35/10gb wireless plans//
Deal Fanatic
Dec 5, 2006
8283 posts
3744 upvotes
Markham
Rob_EV wrote: Low MER index funds (TD e-Series) are a MUCH better investment right now.
Those two are for different purposes
Newbie
Jan 26, 2009
54 posts
25 upvotes
Whitby
I just opened a RSP GIC last night with existing funds but rate is 2.1% Disappointed But Relieved Face Anyone know if they will change it?
Sr. Member
Nov 29, 2011
834 posts
889 upvotes
Thanks OP.

is there any amount limit?

and how often does Tang update their rates? (i have a decent rate for my Savings account right now so would ideally pick this up after June...)
Deal Fanatic
Sep 10, 2008
6473 posts
4484 upvotes
Kitchener
smartie wrote: Those two are for different purposes
Index funds can be cashed out at any time and will be a better investment over a year. GICs don't pay enough. You'd be better off to buy Manulife, RBC or TD bank stocks which pay out between 5% and 8% dividends based on current stock valuations.
[OP]
Newbie
Dec 28, 2012
38 posts
131 upvotes
Montreal
gotglint wrote: Thanks OP.

is there any amount limit?

and how often does Tang update their rates? (i have a decent rate for my Savings account right now so would ideally pick this up after June...)
I don't think there's a limit but CDIC only insures up to 100k.
Rates have been fluctuating like crazy. I've seen the 270 day rate go from 2.3 to 2.1 to 2.6 in the past 30 days so no guarantee on this until June.
Last edited by daewoo19 on Mar 27th, 2020 12:22 pm, edited 1 time in total.
Deal Fanatic
User avatar
Sep 7, 2004
5403 posts
1827 upvotes
GTEH!
daewoo19 wrote: Looks like Tangerine recently upped their GIC rates.

180 Day 2.80%
270 Day 2.60%
1 Year 2.80%
1.5 Year 2.85%
2 Year 2.90%
3 Year 3.00%
4 Year 3.10%
5 Year 3.20%

Might be good to sign up now considering the BoC lowered interest rates another 50 basis points so all these HISA will probably lower their rates again soon.
Thanks OP.

Hopefully Tangerine doesn't change the rates quickly because of the BOC rate decrease today.
And I have to move money around back to Tangerine to get this180 day GIC rate
😎
Sr. Member
Feb 22, 2012
653 posts
2001 upvotes
Canada
Rob_EV wrote: Index funds can be cashed out at any time and will be a better investment over a year. GICs don't pay enough. You'd be better off to buy Manulife, RBC or TD bank stocks which pay out between 5% and 8% dividends based on current stock valuations.
It really depends on how risk adverse you are.

In this time of extreme uncertainty, some people would rather sleep easy at night with a guaranteed 3.2%

It takes all types of people to make a world.
RFD: Pick any two.

1) In stock
2) Low Price
3) Quality Product
Sr. Member
Feb 22, 2012
653 posts
2001 upvotes
Canada
Webhead wrote: Hopefully Tangerine doesn't change the rates quickly because of the BOC rate decrease today.
And I have to move money around back to Tangerine to get this180 day GIC rate
Some banks will lock the rate in place if you contact them with your intention to invest, especially in a GIC. They will hold the rate for 10 days usually.

YMMV with Tangerine.

I'm trying to do this myself, but the call wait times are over an hour.
RFD: Pick any two.

1) In stock
2) Low Price
3) Quality Product

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