Tangerine Savings 2.50% until Sept. 30, 2020 (TARGETED)

sircheersa wrote: ↑ Another work around is to have 2 savings accounts, one joint. I have a joint savings account with my wife and a separate one and they don't count towards each other. So I can transfer money from my joint account to my personal one and it's still a "new deposit" because the joint one doesn't have this promotion activated.

avnebbie wrote: ↑ To not use up contribution room you have to get the new bank to initiate a direct transfer. They will send Tangerine a request and Tangerine will send them your funds but will also charge you a transfer fee. The new bank you are opening the account with will sometimes reimburse you that fee. However the transfer can take up to 5 weeks to complete. So if you are doing back and forth that way your money could be in limbo for quite a bit of time and everytime you direct transfer out of a bank you get charged a fee from that bank.

The other way is right before the new year you empty the account yourself and gain that contribution room in the new year leaving you to place the money where you want without losing room or being charged fees but you are limited to having to wait untill December.

layitup wrote: ↑ I want to take advantage of this offer by moving money out before the promotion expires and then putting it back in.

In my Tangerine overview, it shows that I have a savings account. It just says Tangerine Savings Account. This is not a TFSA right?
Will pulling money out and putting it back in cause me to lose contribution room?

camrose99 wrote: ↑ This is the 3rd time I haven't gotten a "targeted" offer. Last time I called in and was told the best they could do was 2.3% even thou others were getting higher at the time. It's expiring in a couple of days so I'd earning a whooping .25% at Tangerine. I'm getting tired of their game and don't feel like calling in again, between my savings and joint with my kids we have a considerable amount of cash from a house sale sitting in Tangerine plus have a big line of credit (nothing currently owing thou) and have been clients for almost 6 years so don't know why no offers? Time to move my money again back to EQ although they dropped their 2.3% to 2.0% but want to keep the cash liquid until we repurchase another home.

Darkman wrote: ↑ I got that 2.50% rate for 180 days (till Sept 28, 2020 i think, if I am not mistaken) ... a month ago or a bit more ... for the entire balance ... from Tangerine Outbound Task Force.

Pulling in 150K+ into Tangerine Savings tonight (in 3 hours or so) ... from Simplii's Savings ( to celebrate the end of Simplii's 2.80% promo so to speak ... ------- You don't extend it for me, like you did for some others, basically ... --- my money gonna travel out, and I told them just the same when talked to them earlier (not that they cared about it anyhow, lol))

Play stupid games win stupid prizes!

camrose99 wrote: ↑ This is the 3rd time I haven't gotten a "targeted" offer. Last time I called in and was told the best they could do was 2.3% even thou others were getting higher at the time. It's expiring in a couple of days so I'd earning a whooping .25% at Tangerine. I'm getting tired of their game and don't feel like calling in again, between my savings and joint with my kids we have a considerable amount of cash from a house sale sitting in Tangerine plus have a big line of credit (nothing currently owing thou) and have been clients for almost 6 years so don't know why no offers? Time to move my money again back to EQ although they dropped their 2.3% to 2.0% but want to keep the cash liquid until we repurchase another home.

ffonly wrote: ↑ Manulife has a 4 month promo at 2.75%

ffonly wrote: ↑ Manulife has a 4 month promo at 2.75%

xXKEIXx wrote: ↑ How long does it usually take to transfer money from tangerine to EQ if it's linked?

bylo wrote: ↑ This is how TING works. If you want any chance of getting more that the ~2% others are offering you have to call in, tell them how unhappy you are with their games and insist that they either (a) get their outbound team to make you a better offer or (b) move your money out. Those are your two choices.

And yes, if they do make you a retention offer it will usually be a bit less than they offer new customers--even if you've been with TING since day one.

I agree that this sucks and that it's a lousy way to run a business, especially on house sale sized deposits by long time customers. But that's what TING has degenerated into:- a demeaning, humiliating poor version of a Turkish carpet bazaar. [Unlike at TING, at a Turkish carpet bazaar they show respect to their customers and even the free coffee is better.]

ssiu wrote: ↑ I wonder if I close all my Tangerine accounts, will I be eligible to become a new Tangerine client again (new client number, eligible for new client promo) after 90 days or something?