Money101 wrote: ↑
24 Sep 2017 21:35
So when are folks moving their funds out of Tang in order to be eligible for the October 5th lottery (a high rate)? If I understand correctly, funds need to be out by October 4th?
By which day should you push out from Tangerine or pull in from the bank.
If I pull in from EQ, which day should I schedule it for?
Can I schedule it for this Friday, September 29? And wouldn't that result in a double-dip at both banks too?
Based on past years, the "smart" money says that the next Tangerine lottery, if there is one, will start on Wednesday October 4.
A push from Tangerine involves a call or a chat for anything over 25K.
Again, the "smart" money says be non-committal regarding any offer they might give you but proceed with the push.
A pull from EQ does not involve any call or chat.
EQ won't pull for about 3 business days so you will double up interest with a pull.
However, EQ holds the money for 5 business days.
I, personally, am doing a pull from EQ today with the remainder (under 25K) pushed elsewhere later this week: it is more important to me to ensure I am in the running for any possible lottery rather than preserve a few days additional interest.
"A dividend is a dictate of management. A capital gain is a whim of the market."