High Interest and $50 Bonus
No-frills bank Tangerine is currently running a promotion for new clients that offers $50 for free and double interest rate at 2.10 percent for six months.
You will have to meet certain conditions to get this free money. For example, you have to open a new TFSA, RSP, or savings account with a deposit of minimum $100 by July 31, 2015 and then you will have to setup a monthly automatic purchase plan (by July 31 as well) to run for at least 6 continuous months.
There are other terms and conditions. Visit the Tangerine website for details. Tangerine offers no-fee chequing, savings, and other accounts. President Choice Financial is another bank that offers various no-fee accounts.
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