Tangerine No Fee Savings Account Review

Tangerine formerly ING Direct is the original online no fee banking option in Canada that always provided high interest rates and a no fuss no muss business model. The Tangerine Savings account remains one of the best options for those looking to build and earn competitive interest on large or small balances.

Tangerine Savings Account Review 1.20% Base Interest + 1.50% Bonus for Six Months

The Tangerine Savings Account is a great account that is easy to use and pays one of the highest interest rates and requires no monthly minimum balances or fees. The account functions pretty basically. Simply transfer funds online or via cheque and begin saving. This account doesn't offer much in the way of daily banking much like other savings accounts, but this can be easily combined with the great Tangerine chequing account should you like Tangerine enough to switch your daily banking over to them as well. Tangerine is also offering a 1.50% interest rate bonus in addition to their 1.20% base interest for a total of 2.70% interest for new account balances.

Tangerine Savings Account Details:

Monthly Fee: Free
Interest Rate: 1.20% + 1.50% Bonus Interest on new deposits for six months
Minimum Balance: No Minimum Balance Required
Bill Payments: Not Available
Transfers: Free Transfers to and from your personal savings and chequing

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