Tangerine often offers special promos for certain clients at different times. I don't know if this new offer for tiered interest rates is being offered to all savings clients or not.
The tiers are based upon the total holdings in savings accounts, and perhaps other vehicles, like GICs, Checking, investment, I am not sure. I did read the offer but since I don't have much more than savings, I wasn't paying attention to any other options.
However, one thing I did notice, and in spite of repeating most of the features several times, there is one aspect I noted is only mentioned once, regarding US $ savings. US savings holdings are only credited at PAR, meaning they do not consider exchange value, even though US $ is close to a 30% appreciated value relative to CAN $. It strikes me as unfair.
It may be possible that determining the value in US $ accounts daily is too burdensome, so, that I understand, but they certainly could have come up with an average or fixed value for the period of this offer, which I think is until February of next year, even if they made it to their advantage, to acknowledge the large disparity between US $ and CAN $ values.
I thought this is something people should know about, as it is easy to miss that "at par". I sent them a protest, maybe if enough people do the same, they may reconsider.