24/7 online access
Withdraw funds, make payments and completely pay off your balance at any time.
Save on interest over time
Set regular fixed payments to help you pay off the principal amount sooner and save you interest over time.
Always there, if you need it
You can pay off the loan at any time and use it again without having to re-apply, provide documents, or pay fees.
What are some large expenses I can cover?
Your home equity can help finance important life expenses
Debt consolidation
Consolidate your high interest debts to a lower interest rate and reduce your monthly payments.
Home renovation
Financing renovations that could potentially add to the value of your home.
Emergency fund
Building your savings for an emergency fund is ideal, but sometimes you need more money to cover a large, unexpected expense.
Keeping you financially afloat
When you're facing a temporary financial situation and need help to cover expenses without taking on higher interest debt.
Some important things to consider
What will I be using it for?
Avoid tapping into your home equity for unnecessary personal expenses, like day-to-day spending, vacations or shopping trips.
Do I have a repayment plan?
If you're going to take on any debt, you'll want to make sure you have a plan to pay it back.
Will this help me in the future?
Determine if your decision to borrow will help improve your finances in the long run or not.
Your security matters
Keeping your banking info safe isn't the only thing required to protect your accounts. Discover expert tips on how to stay ahead of fraudsters.
Savings Account FAQs
Quick answers to your most common questions
To open a Savings Account online or in our app, you'll need to start by becoming a Client. We'll need your email address, your full name, your date of birth, and your Canadian address. You'll also need to enter your Social Insurance Number (SIN) if you're opening an interest-earning Account, such as a Savings Account.
Here are the main differences between a Tangerine Chequing Account and Savings Account:
Chequing Account
- Convenient for day-to-day transactions like shopping, paying bills, withdrawing cash and sending money to a friend
- Designed to make it easy to access your cash
Savings Account
- Competitive interest rate helps you save money faster
- Keeping your savings "out of sight" in a separate account from your daily activity can make it easier to avoid spending that money
- Can have multiple savings accounts to save for different goals
- Funds are accessible, making them a good option for things like emergency funds
Setting up an Automated Savings Program (ASP) is easy.
Set up online at Tangerine.ca:
- Log in and scroll down to 'Money Management Tools' and click 'Automatic Savings Program'.
- Click 'Start ASP' and follow the prompts
- And remember, you can always go in and make changes to your automatic transfer amount, skip scheduled transactions or cancel your ASP
Set up with the Mobile Banking app:
- In the app, hit 'More' on the bottom of your screen and then hit 'Automatic Transfers' and follow the prompts
