CDIC Coverage
Covered up to $100,000.00 per person if Tangerine fails.
Savings · Canada
Tangerine
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At 4.50% AER over 1 year. Take the interest once a year, or leave it in to compound.
| You Deposit | $25,000.00 |
|---|---|
| Paid Once a Year | $1,125.00 |
| Total Interest | $1,125.00 |
| Balance at the End | $26,125.00 |
Each $1,125.00 interest payment is paid to you directly, and $1,125.00 is what they add up to over the term. The figure at the end is your initial investment of $25,000.00 paid back plus your final interest payment.
| You Deposit | $25,000.00 |
|---|---|
| Total Interest | $1,125.00 |
| Balance at the End | $26,125.00 |
No interest is paid out to you during the investment period, so your final return will include your initial investment of $25,000.00 plus $1,125.00 interest.
Covered up to $100,000.00 per person if Tangerine fails.
Happy Saver is a comparison site, not a financial adviser. Figures use a $25,000.00 example at 4.50% over 1 year, compounded annually where shown. Confirm all terms with Tangerine before you commit.