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Tangerine makes it easy to manage personal finances with its user-friendly online tools and a mobile app, all with no monthly fees.
The Tangerine Savings Account is a simple and profitable option for growing your savings. Various account types are offered, in Canadian or US dollars, as well as registered savings solutions such as the TFSA, the RRSP, and the RRIF. Opening an account also grants access to the Tangerine “Helping Hand” contest, which offers $100,000 in cash prizes.
Tangerine Welcome Offer – Promotional Interest Rate of 4.50% for 5 Months on the Tangerine Savings Account
Tangerine Savings Account
Until November 30, 2026, you can get a 4.50% interest rate for 5 months† when you open a Tangerine Savings Account!
Here are the main features of the Tangerine Savings Account:
- No service fees or other fees
- No minimum balance required
- Competitive interest rate
- Interest calculated daily and paid monthly
- Manage your savings with the Tangerine mobile app
The promotional rate applies to new deposits, up to a maximum of $1,000,000.
Regular interest rate of 0.30% and no minimum balance required.
Tangerine Welcome Offer – For Existing Clients
If you are already a Tangerine customer, you will not be able to take advantage of this specific offer. However, Tangerine very often offers its customers promotional rates on their savings account. Check your customer account – there may be an offer waiting for you!
How Do I Open a Tangerine Savings Account?
Opening a Tangerine savings account couldn’t be easier:
- Go to the Tangerine savings account web page and click on Open an account;
- Download the Tangerine mobile app and scan the QR code on the page;
- Enter your personal information and choose a PIN (you will need to provide your social insurance number);
- Check your identity.
That’s it! There’s no need to go to the branch for document verification. Your customer account will be created. Now all you have to do is choose the type of savings account you want to open.
Other Tangerine products
Tangerine Credit Cards
Tangerine offers three credit cards: two cash back cards, the Tangerine Money-Back Credit Card and the Tangerine® Money-Back World Mastercard®*, plus a Scene+ points card, the Tangerine® Rewards World Elite®* Mastercard®*.
| Credit card | Annual fee | Welcome offer | |
|---|---|---|---|
| $0 | |||
| $0 |
The welcome bonuses on these cards also allow you to benefit from a bonus discount rate for several months:
The Tangerine Rewards World Elite Mastercard earns Scene+ points instead, which you can redeem at the checkout at IGA, Rachelle Béry and Les Marchés Tradition in Quebec, at 1,000 points for $10 off your groceries. Its 50,000-point welcome bonus, paid after $5,000 in purchases in 3 months for applications made by January 31, 2027, is therefore worth $500 in groceries. It does carry a $120 annual fee and requires $80,000 in personal income or $150,000 in household income.
- Annual fee
- $120
- Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$500Total$500Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- $500
- Welcome offerAfter $5,000 in 3 months
- Up to 50,000 points
- Ends Jan 31, 2027
Apply Now
on Tangerine's website
The Different Tangerine Bank Accounts
Investment products and loans are also available:
- Investment Funds;
- Guaranteed Investments;
- Mortgage and home equity line of credit;
- Personal line of credit;
- Etc.
Conclusion
With the current Tangerine welcome offer, grow your savings at an excellent interest rate of 4.50% on the Tangerine Savings Account:
Finally, combine the Tangerine welcome offer with those of other products offered by Tangerine. Consult the following guide to discover the strategy to maximize your rewards, your savings rate, and your benefits.
Tangerine also offers a no-fee chequing account. To compare all the options, check out our selection of the best chequing account offers this month.
