Welcome to the first post of Prudent Pat! My hope for this blog is to be able to share first hand experiences related to financial institutions and products for those in Metro Vancouver, BC.
As a start, I’d like to share with you my long time favorite, Tangerine Bank.
I have been with this bank for the past decade, and it has definitely exceeded my expections. For now, let me focus on 2 of their accounts – the good ol’ no-fee Chequing and Savings accounts.
Tangerine Chequing Account:
Simple, no-fee account for my daily banking. One feature that I especially love is that I can easily transfer to and from external accounts for free, so I almost never have to set foot in a physical bank. Here are their other notable perks that I really like:
- No monthly or service fees
- Free e-transfers
- Free ABM access through the Scotiabank ABM Network
- Easy to use online interface and app
- Immediate transfer between Tangerine clients
- Free transfer to and from external accounts (any of your existing bank accounts, etc)
- Referral bonuses for referring someone else to open an account with Tangerine
Tangerine Savings Account:
Besides no fees, Tangerine consistently has some of the greatest promotional interest rates. I have gotten rates quite recently as high as 3.21% – much higher than the 0.5% “high interest” that some of the big banks offer. Summary of notable features that I like:
- No fee immediate transfer between Savings and Chequing accounts
- Up to 3.21% promotional interest rates
And now without further adieu, I present my first tip:
Get OVER $175 with Tangerine Bank (Until October 31st, 2017)
Orange Key 30304084S1
Here are the simple steps:
- Go to the Tangerine Bank Website HERE
- Select either savings or chequing account
- Enter Orange Key 30304084S1 in the appropriate section (see below) and complete the application process
*Disclaimer: I also get $50 when you sign up, but you can subsequently refer others for $50 each as well
Do any of the following and receive the respective amounts. That’s it!
- Deposit $100 (receive $50 referral bonus, until October 31, 2017)
- Switch your payroll direct deposits by December 31, 2017 and continue payroll direct deposits for 3 months (receive $100)
- Open an Automatic Savings Plan of at least $100 per month (receive $25)
- Plus, when you open a Tangerine Savings Account, RSP Savings Account or Tax-Free Savings Account you can earn 2.40% interest in that Account for 6 months when you also open a Chequing Account.
- For more details, see here or leave a comment
Orange Key 30304084S1
Short and simple for my first post. Hope this helps my fellow Vancouverites get a step further on their financial journey. Please leave a comment, and for future exciting tips and news, ‘Follow’ below.