Tangerine Bank is trying to help you learn to save money. If you are new to Tangerine, then sign up for a Tangerine Savings Account. Use the Orange Key below to receive $50. Then, set up an Automatic Savings Program (ASP) of $100 or more per month to receive a bonus $25. In total, new Tangerine clients will receive $75. For current Tangerine customers, like me, you will earn 2.5% interest on all new deposits to your Savings Account through the 31st March 2015.
- Orange Key: BONUS50
- Discount: Extra $50 on sign up
- Expiry: 31st March 2015
For current customers, this is a very welcome offer. The promotion just started this past Monday and I was fortunate enough to have deposited money into my savings account after the promo started, instead of the day before (like last time). Any deposits you made starting on January 12 and March 31 will receive 2.5% interest for that time period. On April 1, the interest will drop back down to the usual amount.
This interest bate does not require you to lock in any funds, and is certainly higher than most banks are offering these days. I think this may even be higher than my TFSA, which was at 2.25% last I checked.
For new customers, you can earn $75 by signing up for a new account ($50 with the above Orange Key) and then making a commitment to save. Your Automatic Savings Program (ASP) must be $100 or more per month and you need to keep it continuously going for 6 months. Then you will receive a bonus $25. This is sort of like telling your child if they do their homework every day this week without being reminded, they can have a new toy.
New customers will also enjoy a 2.5% interest rate on all their deposits until March 31.
I really like free money, so this promotion makes me happy. As a current Tangerine customer I am not eligible for the $75, but I will enjoy earning 2.5% on that deposit I made and all deposits I make to my Savings Account over the next three months and a half months.
(Expiry: 31st March 2015)