Tangerine has an update on their 5-month intro offer for the Tangerine Savings Account. For a limited time, you can earn up to $400 in cash back on eligible Visa Debit transactions and a 6% Savings rate when you open your first Savings and Chequing Accounts before Nov 30, 2023. No payroll direct deposit requirement. The Tangerine core rate for the Tangerine Savings Accounts (Standard, RSP and TFSA) is 0.1% now.
How the online offer works:
- Open your first Savings Account and Chequing Account within 30 days of becoming a Client.
- Get your Client Card (it should arrive in the mail within a week, but can take up to 10 business days).
- Activate your Card and start earning your Bonus. Use your Client Card for online purchases and online bill payments to earn 20% cash back on Eligible Transactions for 60 days.
- Cha-ching! You’ll see your cash Bonus deposited into your Chequing Account within 1 month after your 60-day period ends.
- Open your first eligible Savings Account and Chequing Account within 30 days, and you’ll earn 6% interest in your Savings Account for 5 months.
If you cannot meet the requirements for the $400 bonus (for example, you cannot add your payroll direct deposits in Tangerine), you can open a new Tangerine account with Tangerine Orange Key. Then you can earn a $50 Bonus with an initial deposit of at least $250 within 60 days of becoming a Client and meet other conditions (Note: this $50 bonus cannot be combined with the $200 bonus above). Because each person can only have up to 3 referral per year, we don't want to provide our Orange Key here. If you need a Orange Key, please send us email: canadianrewards@gmail.com, thanks.
Updated on Feb 12, 2023: There is a targeted online-only offer. If you are eligible, you will find this targeted offer in your Tangerine online account. With this offer, you can earn 5% interest on new deposits to your Tangerine Savings Account, TFSA, RSP Savings Account and US$ Savings Account between until Jun 30, 2023 Jul 31, 2023 Sep 30, 2023.
Tangerine Bank (a subsidiary of Scotiabank) is one of my favorite Canadian Banks (almost free services with good interest rates):
- As you may know, Tangerine Bank is a subsidiary of Scotiabank, and you can use Scotiabank ABM for free.
- Your first book of 50 cheques is free. And you can also transfer money by Interac e-transfer for free!
- After the first 5 months, you can open a new EQ Bank Savings Plus Account and move most of your money there: https://www.canadianrewards.net/2019/05/eq-bank-savings-plus-account.html
PS: For opening Tangerine bank accounts, you can either show your ID at a Canada Post Outlet or at a Tangerine Café, or you can send Tangerine a cheque from your other bank to verify your identity. After you open your Tangerine Bank accounts, you can have your own Orange Key and you can use it to refer your friends.
BTW, If anyone wants to leave his/her Tangerine Orange Key below, please use the following format ONLY: "My Tangerine Orange Key is: *******. Thanks." Other format will be deleted.
