The Tangerine Bank (the "Bank") New Client Interest Rate Offer of
whose “Client Number” (as defined below) with the Bank was created between
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 as part of the Account opening process.
The Offer is available to Eligible Clients on deposits made within 182 days* from the date the first Applicable Account was opened (the "Promotion Period") to a maximum of
The Offer is only applicable to deposits made during the Promotion Period to Tangerine Savings Accounts ("Savings"), Tangerine Tax-Free Savings Accounts ("TFSA Savings"), Tangerine RSP Savings Accounts ("RSP Savings"), Tangerine RIF Savings Accounts (“RIF Savings”) and Tangerine US$ Savings Accounts† (collectively referred to as "Applicable Accounts") where the Eligible Client is the Primary Account Holder as described in Section 12 below. Multiple Applicable Accounts of the same type (for example, 3 separate TFSA Savings) is defined as an "Applicable Account Type". The Offer is not applicable to any other Account types, including Tangerine Business Savings Accounts, Tangerine US$ Business Savings Accounts, Tangerine TFSA Kick Start Accounts, Tangerine Children’s Savings Accounts or Tangerine Chequing Accounts.
In addition to these Offer Terms and Conditions, all Terms and Conditions associated with the Applicable Accounts will continue to apply.
A Promotional Interest rate of
After the Promotion Period ends, all balances in the Applicable Accounts will earn interest at the Posted Rate payable on the Applicable Account (see Section 7 for more details). In the event that the combined balances of any given Applicable Account Type is greater than
Once the Eligible Client's first Applicable Account has qualified for the Promotional Interest rate, subsequent Applicable Accounts opened by the Eligible Client during the Promotion Period, up to a combined maximum of
Example 1: If a Client opens their first RSP Applicable Account on
Example 2: If a Client opens their first RSP Applicable Account on
In the case of Applicable Accounts where deposits are made by transferring registered funds through a T2033 form, those deposits will earn interest at the Posted Rate payable on the Applicable Account from the time the transfer request is submitted to Tangerine and while the funds are in transit. Upon receipt of the transferred funds by Tangerine, the Promotional Interest rate will begin to apply to those funds only for the remainder of the Promotion Period, and provided that the Promotion Period hasn’t already ended when the funds are received.
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.
Subject to the imposed CRA limits on TFSA and RSP Accounts, Additional Interest will be paid on the first
Interest is calculated daily and paid monthly for both the Posted Rate interest payments and the Additional Interest payments. 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.
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.
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.
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.
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.
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.
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.
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.
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.
By accepting this Offer, 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.
† For US$ Savings Accounts, the combined maximum deposit amount for this Account Type is
Last updated on