Tangerine New Client 2.50% Interest Rate Offer Terms & Conditions


  1. The Tangerine Bank (the "Bank") New Client Interest Rate Offer of 2.50% (the "Offer") is available to new Tangerine Clients:

    1. whose “Client Number” (as defined below) with the Bank was created between February 6, 2018 and May 31, 2018; and

    2. who open an Applicable Account (as defined below) within 90 days of the date their Client Number was created ("Eligible Clients").

    A Client’s Client Number is created when he/she submits his/her personal information (including, but not limited to, name, mailing address and email address) to the Bank.

  2. The Offer is available to Eligible Clients on all deposits made within 182 days* from the date the first Applicable Account was opened (the "Promotion Period") to a maximum of $500,000 per Applicable Account Type as defined below.

  3. The Offer is only applicable to deposits made during the Promotion Period to Tangerine Savings Accounts ("Savings"), Tangerine Tax-Free Savings Accounts ("TFSA Savings"), and Tangerine RSP Savings Accounts ("RSP Savings") [collectively referred to as "Applicable Accounts"] where the Eligible Client is the Primary Account Holder as described in Section 11 below. A number of similar Applicable Accounts (for example, 3 separate TFSA Savings) is defined as an "Applicable Account Type". The Offer is not applicable to any other Account types, including (but not limited to) the Tangerine RIF Savings Account, Tangerine US$ Savings Account, Tangerine Business Savings Account, Tangerine US$ Business Savings Account, Tangerine TFSA Kick Start Account, Tangerine Children’s Savings Account or Tangerine Chequing Account.

Additional Interest:

  1. "Additional Interest" is 1.40% for Applicable Accounts. Additional Interest is added to the Bank's applicable posted rate of interest listed on the Bank's website ("Posted Rate") to calculate the total amount of interest payable under this Offer. For example, Posted Rate of 1.10% on Tangerine Savings Accounts + Additional Interest of 1.40% = Offer rate of 2.50% (example uses interest rates current as of February 6, 2018). Eligible Clients receive Additional Interest on deposits to Applicable Accounts during the Promotion Period. Interest is paid through two separate interest payments, one based on the Posted Rate and a second based on the Additional Interest. Any change to the Posted Rate will result in a corresponding change to the Offer rate. Additional Interest and/or Posted Rates may change at any time without prior notice.

  2. Subject to the limits and qualifications outlined in these Terms and Conditions, Additional Interest will be calculated daily and paid monthly on deposits made during the Promotion Period to Applicable Accounts.

  3. After the 182-day Promotion Period ends, all balances will earn interest at the Posted Rate payable on the Applicable Account.

  4. Once the Eligible Client's first Applicable Account has qualified for the Additional Interest rate, subsequent Applicable Accounts opened by the Eligible Client during the Promotion Period will also earn Additional Interest. For subsequent Applicable Accounts, the Additional Interest rate will end at the end of the 182-day Promotion Period calculated based on the first Applicable Account opening. For example, if a Client opens their first Applicable Account on March 31, 2018 and a subsequent Applicable Account on September 10, 2018, the Additional Interest will be paid only until September 28, 2018 on both Applicable Accounts.

  5. All deposits to TFSA Savings and RSP Savings Accounts are subject to the limits imposed by the Canada Revenue Agency (CRA). The RSP contribution limit is as noted on the Eligible Client's Notice of Assessment issued by the CRA. The Eligible Client is fully responsible for monitoring their individual contribution limits and ensuring any and all deposits fall within these set CRA limits. The Eligible Client further agrees to at all times indemnify and hold the Bank harmless in respect of any such penalties or charges imposed upon the Eligible Client as a result of these imposed limits.

  6. Subject to the imposed CRA limits on TFSA and RSP Accounts, Additional Interest will be paid on the first $500,000 of deposits made to each of the Applicable Account Types during the Promotion Period. No deposits or eligible daily balances to which Additional Interest would otherwise qualify will be greater than $500,000 across each of the Applicable Account Types (i.e. $500,000 across all Savings, $500,000 across all TFSA Savings and $500,000 across all RSP Savings). Any balances greater than $500,000 will earn interest at the applicable Posted Rate of interest payable.

  7. Interest is calculated daily and paid monthly for both the Posted Rate interest payments and the Additional Interest payments. Additional Interest will not be paid and will not be payable until the start of the month following the month in which it was calculated. Any Applicable Account closed prior to the payment of Additional Interest will forfeit any Additional Interest calculated during the month in which the Applicable Account is closed.


  1. The Offer is only applicable to Applicable Accounts where the Eligible Client is the person whose name appears first on the Bank statement (the "Primary Account Holder"). For Applicable Accounts where an Eligible Client is not the Primary Account Holder (Example: the Eligible Client is not the Primary Account Holder on a joint Account and is listed second on the statement for that Account), the Offer will not be applied to that particular Applicable Account.


  1. This Offer cannot be combined with other promotional rate offers. Where an Eligible Client qualifies for more than one promotional rate offer from the Bank, this Offer will be applied to the Eligible Client’s Applicable Account(s) first, to the exclusion of any other promotional rate offer.

  2. If the Bank is unable to run the Offer as planned for any reason, including infection by computer virus, bugs, tampering, unauthorized intervention, fraud, technical failures, or any other causes beyond the reasonable control of the Bank which corrupt or affect the administration, security or proper conduct of this Offer, the Bank reserves the right at its sole discretion to, without advance notice, terminate or suspend the Offer, in whole or in part, or modify it in any way.

  3. The Bank reserves the right at its absolute discretion to vary, delete or add to any of these Terms and Conditions from time to time without prior notice.

  4. The Bank reserves the right to withdraw the Offer in whole or in part, or to vary any of these Terms and Conditions at any time and from time to time without notice at its absolute discretion. The Bank reserves the right to end the Offer earlier or to extend the Promotion Period further at its absolute discretion.

  5. The Bank reserves the right, at its sole discretion, to suspend, disqualify, limit or revoke this Offer to any Account holder it finds or believes to be manipulating or otherwise abusing the process, fairness, or integrity of the Offer.

  6. This Offer may be suspended, modified or withdrawn at any time without notice for any reason including, but not limited to, an error or mistake on behalf of the Bank.

  7. To the extent that these Terms and Conditions are inconsistent with any other communication, advertisement, or statement (a "Message") from the Bank, these Terms and Conditions will supersede all other Messages.

  8. You agree that you have read and understood these Terms and Conditions and agree to be bound by them. Any notice offered by us with respect to this Offer is deemed to be provided on the day it is posted on our website.

*182 days is 6 months.