Can You Invest Through Tangerine

Tangerine offers investment options to help you reach your financial goals. You can choose from a range of investment accounts, including TFSAs, RRSPs, and investment funds. With Tangerine, you can invest your money in stocks, bonds, or mutual funds. You can also create a personalized investment portfolio that meets your specific financial needs. Tangerine’s low fees and easy-to-use platform make investing accessible to everyone.

Investment Options with Tangerine

Tangerine is a leading digital bank in Canada that offers a range of financial services, including investment options. Here’s an overview of the investment options available through Tangerine:

  • Tangerine Investment Funds: Tangerine offers a diverse selection of mutual funds, exchange-traded funds (ETFs), and index funds. These funds provide exposure to various asset classes, including stocks, bonds, and real estate.
  • Tangerine Portfolios: For investors seeking a hands-off approach, Tangerine Portfolios offer professionally managed investment solutions. These portfolios are designed based on risk tolerance and investment goals.
  • Tangerine RSP and TFSA Accounts: Tangerine offers Registered Retirement Savings Plans (RSPs) and Tax-Free Savings Accounts (TFSAs) to help you save for retirement and other financial goals.
  • Guaranteed Investment Certificates (GICs): Tangerine GICs provide a guaranteed return on your investment over a fixed term. They offer competitive interest rates and flexible term options.

Tangerine’s investment platform is designed to make investing accessible to everyone. It features a user-friendly interface, educational resources, and personalized investment recommendations.

Tangerine Investment Fees

Tangerine charges competitive fees for its investment services. Here’s a table outlining the fees you may encounter:

Investment OptionManagement FeeTrading Fee
Tangerine Investment Funds0.50% – 1.05%$9.95 per trade
Tangerine Portfolios0.60% – 1.10%$4.95 per trade
Tangerine RSP and TFSA Accounts$0$9.95 per trade
Tangerine GICs$0$0

It’s important to note that Tangerine may also charge other fees, such as account maintenance fees and withdrawal fees. Please refer to Tangerine’s website or consult with a financial advisor for more detailed information on fees.

Tangerine Investment Options

Tangerine, a Canadian financial institution, offers a range of investment options to help you meet your financial goals. Below are some of the most popular options:

  • Tangerine Savings Accounts: Earn interest on your savings with no monthly fees.
  • Tangerine GICs: Guaranteed Investment Certificates offer fixed interest rates for a specified term.
  • Tangerine Mutual Funds: Invest in a professionally managed portfolio of stocks, bonds, and other securities.
  • Tangerine ETFs: Exchange-Traded Funds track a specific market index, sector, or asset class.
  • Tangerine Investment Funds: A convenient and affordable way to invest in a diversified portfolio of stocks and bonds.

>Varies based on fund performance

>Tracks the S&P/TSX Composite Index

>Varies based on fund performance

Investment OptionMinimum InvestmentInterest RateTerm
Tangerine Savings Account$00.15%N/A
Tangerine GIC 1-Year$5004.50%1 year
Tangerine Mutual Fund – Balanced Growth$100N/A
Tangerine ETF – Canadian Index$100N/A
Tangerine Investment Fund – Retirement Moderate$500N/A

Benefits of Investing Through Tangerine

Tangerine is an online bank that offers a range of investment products, including savings accounts, GICs, mutual funds, and ETFs. There are several benefits to investing through Tangerine, including:

  • Low fees: Tangerine charges low fees on its investment products, which can save you money over time.
  • Convenience: You can open and manage your Tangerine investment account online, which makes it easy to invest on your own time.
  • Flexibility: Tangerine offers a variety of investment products, so you can choose the ones that are right for your needs.
  • Access to expert advice: Tangerine offers access to expert advice from its team of investment professionals, which can help you make informed investment decisions.

In addition to the benefits listed above, Tangerine also offers a number of features that can help you reach your financial goals, such as:

  • Automatic savings: You can set up automatic savings withdrawals from your Tangerine chequing account to your investment account, which can help you save money without even thinking about it.
  • Tax-free savings: You can open a Tax-Free Savings Account (TFSA) with Tangerine, which allows you to grow your money tax-free.
  • Investment advice: Tangerine offers a variety of investment advice resources, including online articles, videos, and webinars, which can help you learn more about investing.
Investment ProductMinimum InvestmentInterest RateFees
Tangerine Savings Account$1000.10%None
Tangerine GIC$5001.00%None
Tangerine Mutual Fund$500VariesManagement fee: 0.50%
Tangerine ETF$100VariesTrading commission: $4.95

How to Start Investing Through Tangerine

Investing with Tangerine, an online bank, is a convenient and accessible way to start growing your wealth. Here’s a step-by-step guide to get you started:

1. Open an Investment Account

– Navigate to the Tangerine website and create an account.

– Choose the investment account that suits your goals (e.g., Tax-Free Savings Account (TFSA), Registered Retirement Savings Plan (RRSP)).

2. Fund Your Account

– Transfer funds from your Tangerine chequing account or an external bank account.

– Decide on an initial investment amount and set up recurring contributions if desired.

3. Select Investments

– Tangerine offers a range of investment options tailored to different risk tolerance levels:

  • Tangerine Portfolios: Pre-built portfolios that invest in a diversified mix of stocks, bonds, and GICs.
  • Tangerine Index Funds: Low-cost funds that track a specific market index, such as the S&P 500.
  • Tangerine GICs: Guaranteed Investment Certificates with fixed returns over a set period.

4. Monitor and Adjust

– Tangerine provides online tools to track your investments and make changes as needed.

– Regularly assess your financial goals, risk tolerance, and investment performance to adjust your strategy accordingly.

Tangerine Investment Account Fees

Account TypeAccount Maintenance FeeTrading Fees
TFSA$0$4.95 per trade
RRSP$0$4.95 per trade
Margin Account$25 per year$9.95 per trade

Note: Tangerine may charge additional fees for other services, such as account closures and wire transfers.

And there you have it, folks! Whether you’re a seasoned investor or just starting out, Tangerine offers a range of options to suit your needs. From chequing accounts to investment funds, you’ll find something that fits your financial goals. Thanks for reading along on this investing journey. Be sure to check back often for more money-savvy tips and insights. In the meantime, remember to keep your financial decisions informed and don’t be afraid to ask questions. Happy investing, and see you next time!