Earn At Least $50 Doing Almost Nothing And Get 2.75% Guaranteed For 6 Months? Is it a joke? No, it’s not! I don’t usually promote products or services, I include the Ebates link on the side because I think it is a great deal no matter what you do, but I don’t promote it (may explain why I never earn any money from it either). I am not even sure if this latest product even qualifies as an affiliate because we ALL get paid. That’s right , if you open an account (see terms and conditions) I get $50 and you get $50. Win, win! Plus if you set up an automatic payment plan, you get an additional $25 after 6 months!
No worries, I won’t start bombarding you with special offers and products. We will return to our regular programming next week. This is one off because I think it is a really good offer and I was really excited about it. I know I should get a life, but I like FREE money!
I have to confess, I don’t often shop around for my banking. I have been with the same bank forever and I like having everything under one roof, much simpler to manage! Just look at my travel hacking experience, obviously, I have issues!
I pay my $19.95 bank fees every month and it includes all my banking needs, from my chequing & saving accounts, VISA Avion and even a small safety deposit box (which I am not sure I actually need!). I am not always happy with their service but I am too lazy to transfer everything.
So when I was reading GYM’s post this week High Interest Savings Accounts Comparison In Canada , I wasn’t planning on opening a new account at all. But by the time I was done reading and had time to think about it, I did!
Why Did I Open A Tangerine Account?
- I don’t have an emergency savings account! (No I am not broke! I have
lots ofmoney saved but I like to invest it and always have my HELOC as a backup)
- Tangerine has a good reputation for online banking, they use to be ING direct.
- A special offer at 2.75% on savings for a period of 6 months (then it goes to 1.10%) sounds appealing to park a little money.
In GYM’s comparison, EQ actually seemed to make more sense because the rate is higher but , I never heard of them. Yes even if they have been in business for 45 years in Canada!
The Deciding Factor: Earn At Least $50 Doing Almost Nothing!
I get $50 for opening an account with Tangerine! That’s $50 for $100 investment. Plus I can get an additional $25 if I set up an Automated Savings Program (ASP) – Read the fine print on that one, it’s more of a commitment! I used GYM’s orange key so she also earned $50. (I already told her she owes me an ice cream!).
All I had to do was transfer $100 and I received the $50 the next day!
If anyone else opens an account using my Orange Key 53429745S1 , I get an additional $50 each time! And so will YOU (no blog required!). Once you open an account, you will receive your own orange key. It didn’t take me long to do the math, I have three kids and I don’t think any of them ever had a Tangerine account before (one of the conditions). I could get $50 for each, so potentially $150 dollars extra plus a one time special of $150 for referring three people. Total $350 (original $50 + $300)! For doing “almost” nothing, plus my money is earning 2.75% for 6 months! I must be missing something?
Caution: This is not an investment account , it is a place to park a little money for emergencies or specific goals, definitely not to replace your investment account!
My kids will also each get $50 on their $100 investment, not a bad return. At minimum wage, it’s close to 4 hours of work for them!
Note: The $50 dollars and the extra $150 for three referrals is only available until the end of July, afterwards it’s $25 per referral.
I don’t know the restrictions for foreign nationals but the accounts are in Canadian dollars! Maybe worth it to transfer the equivalent $100 CAD to get FREE money? But then maybe not! Let us know if you try.
If you ever considered opening a separate savings account (I think any account will get you the bonus but do check), then why not now? I already have one co-worker who signed up today, I can’t wait to see if I do get a referral fee, that would be pretty cool.
Here is my Orange Key 53429745S1 in order for both of us to get the $50 cash bonus. But to be fair, here is the link to GYM’s post where she also state her key, if you prefer. Either way YOU will get your $50! If you use the key stated on the Tangerine site, I think you only get $25. Check my future Monthly Report to see if I managed to get any extra dollars, it will be full disclosure.
What do you think? Am I missing something? Sounds too easy!