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Banking Canada Promotions Tangerine

Savings Savvy May Elude Canadians

Tangerine today release a survey showing that only 25% of Canadians rate themselves as ‘Supreme Savers’.   Self reported categories shook down this way:

  • 25% – Supreme Savers
  • 34% – DIY Savers
  • 24% – Savers In The Making
  • 16% – Non Savers

The survey uncovered that on average respondents splurged on unexpected purchases, regularily use their long term savings for things like trips, cars, interior decorating, or never use their savings towards what they were saving for in the first place.

Silvo Stroescu, Managing Director of Deposits at Tangerine has this to say:

There is no doubt that saving money can be difficult, and at Tangerine we strive to make it easier by providing simple tools and resources to help along the way.  One of the simplest ways to save is by setting up an Automatic Savings Program so money automatically goes into savings without you having to think about it.  This can result in more savings, ensuring you’re covered for both your long-term goals and the unexpected.

See more about their savings survey, or sign up for the best deal in banking with our orange key right here.

 

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Banking Canada Tangerine

Tangerine Shows How Small Sacrifices Add Up

Hello Savers!

Tangerine Canada has recently posted a little infographic detailing how small sacrifices can aid your savings and allow you to put more money into your savings, investments, or simply to spend the money on something planned.  Evaluating your priorities so that you know what you are spending your money on can only be a good thing.

Here’s a few examples from Tangerine:

Skip the latte and go on a vacation:    $4.50 every morning = $1,512 or a vacation getaway

Save by making lunch at home:    Eating out costs an average of $10, while a brown bag lunch costs about $2.50 on average.  Savings: $2,520 per year, which could profitably be added to your RRSP contributions and save you some tax money into the bargain!

Check out Tangerine’s forward thinking blog for this item and others like it here.

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Banking Canada Promotions Tangerine

Tangerine Extends $50 Orange Key Bonus Until March 31st

Tangerine has extended their exciting promotion where you get up to an $150 cash bonuses for opening an account with them.   A cash bonus on top of their no-fee structure is really a can’t-lose proposition.  Some of the benefits of going with Tangerine for your personal banking are:

  • Higher interest rates than other Canadian banks and credit unions
  • Fee-less account structure
  • No transactions to count or penalties to worry about
  • $250 ‘Whoops’ protection free (free overdraft if paid within 30 days)
  • Free first book of cheques, cheaper rates for more than the banks
  • No minimum balances
  • Currently savings accounts earn 1.30%

If you feel you are getting ripped off at your current bank or credit union, or just want to sign up for the bonus cash, you can do so here.

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Banking Canada Tangerine

Tangerine Canada Launches Forward Thinking Personal Finance Blog

Tangerine has publicly launched their new personal finance blog where consumers can find great informative articles, videos and infographics.  With broad topic areas like savings, spending, investing, borrowing and insights there is something for every area of interest that will educate and inform.  Find their blog at ForwardThinking.Tangerine.ca

Would you consider a life with your financial opposite?  Are you a spender or a saver?

Check out the love of money infographic based on a survey by Tangerine here.

With home prices so high, is there still a benefit in home ownership.