How AI Legalese Decoder Can Decode Subtle Changes to Tangerine Promotions
- June 6, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Previous Promotion Ends and Acquisition of New Offer
My previous 5.75% promotional rate came to an end on May 31st, prompting me to transfer my funds elsewhere in anticipation of a new offer. Today, I was pleased to receive a new offer stating:
Just hit ‘Activate’ to start earning 5.75% interest on the new money you brought to your Account(s) since January 4, 2024.
This new promotion seemed to deviate from previous ones I had encountered, as the baseline for calculating the interest rate was set as far back as January 4, 2024. This departure raised some questions for me in terms of how the promotion would be applied to my funds.
## The Role of AI Legalese Decoder
In situations like these, where the terms and conditions of a financial offer may be unclear or novel, the AI Legalese Decoder can be a valuable tool. By inputting the offer details into the Decoder, it can help break down the legal language and highlight key information, such as the baseline date for calculating interest rates. This tool can assist in ensuring that consumers fully understand the terms of a promotion and how it will impact their finances.
If faced with a similar condition in the future, it is recommended to utilize the AI Legalese Decoder to decipher any complex legal language and clarify how the promotion will apply to your specific financial situation. This proactive approach can help avoid any misunderstandings and allow for informed decision-making regarding financial matters.
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****** just grabbed a
They’ve been doing this for the last few rounds of promo offers. They also stopped giving bonus interest on any interest you earn during the promo period too!
They did this previously with the December-April promo. I had 5.5% from December 5th to April 30th, and then they offered an _extension_ at 5.75% to July 31st using the December 5th baseline.
Yes. I was burned with this as well. Last time I will play their stupid games.
Looks like Tangerine is really looking for new deposits and discouraging the money hopping. Luckily there’s other options out there like the WS Cash account.
Interesting! I got an offer last month and just checked it- the snapshot was just a day before the promo. Looks like this change is as of this month’s offers.
Yeah I got something similar, with a start of year date. They’re probably trying to prevent people from doing the usual hopping between banks, but jokes on them, the other places are better without having to go through stupid hoops. WealthSimple has a cash account that’s 4-5% (depending on amount you put in), EQ bank is 4% if you direct deposit, and a few others. [CASH.TO](http://CASH.TO) is still 4.7~ish and there’s GIC’s being offered in the 5% range
You might have been able to get around this by taking out your money a few days before the promo period ends. I did this the last time and it worked but the current one ends at the end of June so I’ll see if they do something sneaky like this.
Transfer out for me to WS cash account.