Tangerine New Client 1.90% Interest Rate Offer
Terms & Conditions [+] Click to expand

General:

  1. The Tangerine Bank (the "Bank") New Client Interest Rate Offer of 1.90% (the "Offer") is available to new Tangerine Clients who have never held any Account with the Bank or its predecessor/subsidiary companies prior to November 2, 2016 and:
    1. open an Applicable Account (as defined below) as their first Account with the Bank on or before April 30, 2017, or
    2. open an Applicable Account (as defined below) within 90 days of opening their first Account with the Bank provided that the first Account is opened on or before April 30, 2017 ("Eligible Clients").
  2. Clients who open a Tangerine Chequing Account, either as their first Account or at any time prior to opening an Applicable Account within the 90 day period described in 1(b) above, will qualify first for the Tangerine New Client 2.40% Interest Rate Offer to the exclusion of this Offer. All Eligible Clients under this Offer can qualify for the Tangerine New Client 2.40% Interest Rate Offer if they open and maintain a Tangerine Chequing Account subject to the Terms and Conditions of the Tangerine New Client 2.40% Interest Rate Offer.
  1. 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 $500,000 per Applicable Account Type as defined below.
  2. The Offer is only applicable to deposits made during the Promotion Period to Tangerine Savings Accounts ("Savings"), Tangerine Tax-Free Savings Accounts ("TFSA Savings"), and Tangerine RSP Savings Accounts ("RSP Savings") [collectively referred to as "Applicable Accounts"] where the Eligible Client is the Primary Account Holder as described in section 12 below. A number of similar Applicable Accounts (for example, 3 separate TFSA Savings) is defined as an "Applicable Account Type". The Offer is not applicable to any other Account types, including (but not limited to) the Tangerine RIF Savings Account, Tangerine US$ 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.
  3. The Offer is available beginning on November 2, 2016 and will operate until the Eligible Client’s Promotion Period has expired.

Additional Interest:

  1. "Additional Interest" is 1.10% 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 0.80% on Tangerine Savings Accounts + Additional Interest of 1.10% = Offer rate of 1.90% (example uses interest rates current as of November 2, 2016). 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 December 1, 2016 and a subsequent Applicable Account on December 15, 2016, the Additional Interest will be paid only until May 31, 2017 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, and the Additional Interest calculation for that month will not include Posted Rate interest paid on the previous day (Example: If the month ends on December 31, 2016, the Bank's applicable Posted Rate of interest will be paid to that Applicable Account on December 31, 2016 and any Additional Interest will be paid to that Account on January 1, 2017. The Additional Interest will be calculated based on the balance in the Applicable Account prior to the Posted Rate interest payment made on December 31, 2016.) 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.

Eligibility:

  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.

Limitations:

  1. This Offer can’t 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. For Eligible Clients who subsequently qualify for the Tangerine New Client 2.40% Interest Rate Offer that offer will be applied to the exclusion of this 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 the Bank’s website.
Last updated on January 9, 2017

Tangerine New Client 2.40% Interest Rate Offer
Terms & Conditions [+] Click to expand

General:

  1. The Tangerine Bank (the "Bank") New Client Interest Rate Offer of 2.40% (the "Offer") is available to new Tangerine Clients who have never held any Account with the Bank or its predecessor/subsidiary companies prior to November 2, 2016 and who:
    1. qualified for the Tangerine New Client 1.90% Interest Rate Offer and then open a Tangerine Chequing Account within 182 days of qualifying for the Tangerine New Client 1.90% Interest Rate Offer, or
    2. open a Tangerine Chequing Account and then open an Applicable Account (as defined below) within 90 days of opening their first Account with the Bank provided that the first Account is opened on or before April 30, 2017 ("Eligible Clients").
  2. The Offer is available to Eligible Clients on all deposits made:
    1. within 182 days from the date the first Applicable Account was opened, for Eligible Clients who opened a Tangerine Chequing Account before opening an Applicable Account, or
    2. within the remaining days from their Promotion Period as defined in the Tangerine New Client 1.90% Interest Rate Offer beginning on the date they opened their first Tangerine Chequing Account, for Eligible Clients who previously qualified for the Tangerine New Client 1.90% Interest Rate Offer (the "Offer Period"), to a maximum of $500,000 per Applicable Account Type as defined below.
  1. The Offer is only applicable to deposits made during the Offer Period to Tangerine Savings Accounts ("Savings"), Tangerine Tax-Free Savings Accounts ("TFSA Savings"), and Tangerine RSP Savings Accounts ("RSP Savings") [collectively referred to as "Applicable Accounts"] where the Eligible Client is the Primary Account Holder as described in section 12 below. A number of similar Applicable Accounts (for example, 3 separate TFSA Savings) is defined as an "Applicable Account Type". The Offer is not applicable to any other Account types, including (but not limited to) the Tangerine RIF Savings Account, Tangerine US$ 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.
  2. The Offer is available beginning on November 2, 2016 and will operate until the Eligible Client’s Offer Period has expired.

Additional Interest:

  1. "Additional Interest" is 1.60% 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 0.80% on Tangerine Savings Accounts + Additional Interest of 1.60% = Offer rate of 2.40% (example uses interest rates current as of November 2, 2016). Eligible Clients receive Additional Interest on deposits to Applicable Accounts during the Offer 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 Offer Period to Applicable Accounts.
  3. After the Offer Period ends, all balances will earn interest at the Posted Rate payable on the Applicable Account.
  4. The Offer Period begins 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 Offer Period will also earn Additional Interest. For subsequent Applicable Accounts, the Additional Interest rate will end at the end of the Offer Period.
    Example 1: If a Client opens a Tangerine Chequing Account on November 20, 2016 and then opens their first Applicable Account on December 1, 2016 and a subsequent Applicable Account on December 15, 2016, the Additional Interest will be paid beginning on December 1, 2016 until May 31, 2017 on both Applicable Accounts.
    Example 2: If a Client opens an Applicable Account on December 1, 2016, then opens a Tangerine Chequing Account on December 11, 2016, the Additional Interest will be paid in the following way:
    1. 1.90% under the Tangerine New Client 1.90% Interest Rate Offer from December 1 to December 10, 2016, and
    2. 2.40% under this Offer from December 11, 2016 (including any subsequent Applicable Accounts opened during that time period) ending May 31, 2017.
  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 Offer 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, and the Additional Interest calculation for that month will not include Posted Rate interest paid on the previous day (Example: If the month ends on December 31, 2016, the Bank's applicable Posted Rate of interest will be paid to that Applicable Account on December 31, 2016 and any Additional Interest will be paid to that Account on January 1, 2017. The Additional Interest will be calculated based on the balance in the Applicable Account prior to the Posted Rate interest payment made on December 31, 2016.) 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.

Eligibility:

  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.
  2. Eligible Clients must maintain at least one Tangerine Chequing Account where they are the Primary Account Holder to continue to be eligible for this Offer. Where the Eligible Client closes their Tangerine Chequing Account(s) such that they no longer have an open Tangerine Chequing Account where they are the Primary Account Holder, they will no longer be an Eligible Client and will not receive this Offer as of the day they do not have an open Tangerine Chequing Account. If, however, the Client still has one or more open Applicable Accounts, the Client will qualify (or re-qualify as the case may be) for the Tangerine New Client 1.90% Interest Rate Offer beginning on the day the Client ceases to be the Primary Account Holder on a Tangerine Chequing Account for the remainder of their Promotion Period under the Tangerine New Client 1.90% Interest Rate Offer. Clients may requalify for this Offer if they subsequently open a Tangerine Chequing Account where they are the Primary Account Holder. For example, if an Eligible Client with an open Applicable Account opens a Tangerine Chequing Account on December 11, 2016 and then closes the Tangerine Chequing Account on December 16, 2016, the Additional Interest under this Offer will only be paid from December 11 until December 15. In this example, the Client will be eligible for the Tangerine New Client 1.90% Interest Rate Offer beginning on December 16, 2016 for the remainder of their Promotion Period. Further, if the Client were to reopen their Tangerine Chequing Account on January 1, 2017, the Eligible Client would then receive this Offer from January 1, 2017 through to the end of their original Offer Period.

Limitations:

  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 Offer 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 the Bank’s website.
Last updated on January 9, 2017