Written and analysed by Smarter Loans Editorial Team
· Reviewed by Rafael Rositsan · Facts checked 21 August 2026
A full-service direct bank owned by Scotiabank, offering chequing, savings, GICs, credit cards and mortgages with no monthly fees and access to Scotiabank ATMs.
Explore Tangerine Credit Cards ↗
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Our verdict
Best for
People who want a full bank without branch fees, including GICs and mortgages under one roof
Not for
Anyone chasing the highest everyday rate, since the regular savings rate is well below the digital-first competitors
What we like
- Full product range including mortgages and investments
- No monthly chequing fee
- Scotiabank ATM network access
- CDIC insured directly
Where it could improve
- The regular savings rate is low, and the attractive numbers are usually promotional
- A $45 NSF fee, unlike the fintech accounts
- Promotional rates require watching, since they revert
Products
One block per product, each with its own numbers. Never blended into a single range.
Good to know: The advertised 4.50% is a new-client promotion lasting 153 days, after which the rate falls to the ongoing 0.30% — a drop of 4.2 percentage points. No monthly fee, and the $10 NSF charge is waived if the account is short by $10 or less.
Rates and fees for this product are being verified against Tangerine Bank's published materials and will appear once checked.
Good to know: Interest is tiered but not monotonic: it climbs from 0.01% to 0.10% up to $499,999.99, then falls back to 0.01% above $500,000. No monthly fee; NSF is $10 and waived if the account is short by $10 or less.
Rates and fees for this product are being verified against Tangerine Bank's published materials and will appear once checked.
Good to know: Rates run from 2.50% at 90 days to 3.80% at five years, with funds locked for the term. Available registered and non-registered; the minimum investment is not published.
Rates and fees for this product are being verified against Tangerine Bank's published materials and will appear once checked.
Tangerine Bank alternatives
EQ Bank
1.00 - 2.75%
Far higher rate and no NSF fee, at the cost of branch and ATM access.
Full profile ›
neo
2.75%
Higher rate with no monthly fee, and no NSF charge.
Coast Capital
Not published
Credit union membership with free chequing, if you want member ownership.
Alternatives link to our profiles only. Comparing is the point; we send nobody sideways.
Company details
Legal name
Tangerine Bank
Parent
The Bank of Nova Scotia
Regulator
OSFI, Schedule I bank
Deposit protection
CDIC direct
Founded
1997 as ING Direct Canada, rebranded 2014
Hq
Toronto, Ontario
