Tangerine · 1-Year FixedTangerine 1-year fixed mortgage, compared.
Tangerine isn’t posting a broker-channel 1-year fixed on our rate board today — the best 1-year fixed across our network is 4.19%. We get Tangerine’s broker pricing — typically 15-30 bps below posted — and compare it across 100+ lenders.
How does Tangerine’s 1-year fixed compare?
Tangerine isn't currently posting a broker-channel 1-year fixed on our rate board, so the rate above is the best 1-year fixed across our 100+ lenders — not Tangerine's own. For this term we shop your file across the full shelf, Tangerine included, and bring back the sharpest fit.
The trade-off, and what drives the rate
The trade-off. You accept a usually-higher rate for the freedom to renew in a year.
What drives the rate. The 1-year fixed is the most responsive fixed term to the immediate outlook. It typically prices above longer terms in a normal market (lenders charge for the short hold) and only undercuts them when deep cuts are expected within the year.
What would my payment be with Tangerine?
About $3,004/month. On a $700,000 home with 20% down, the mortgage is $560,000. That’s at the network’s best 1-year fixed rate of 4.19% over a 25-year amortization. At Tangerine’s consumer rate (~15-30 bps higher) the same mortgage costs $50-100 more a month. Model your numbers in the payment calculator.
What a 1-year fixed with Tangerine means in practice
Tangerine is a bank outside the Big-6. That matters on a 1-year fixed because the Big-6 price a fixed-rate break with posted-rate IRD, while lenders off the bank shelf more often use fair, contract-rate IRD — typically far cheaper for the same break. On a shorter fixed term the gap narrows, because the IRD window is smaller. Tangerine's commitment and written payout statement are the binding word on its method.
More on Tangerine's 1-year fixed: penalties, privileges and programs
Tangerine registers its mortgages as a collateral charge, so switching away at maturity generally means a discharge and re-registration rather than a free transfer — worth pricing in before you choose its 1-year fixed.
Against the Big-6. For contrast, all six Big-6 banks price a fixed break with posted-rate IRD, against representative 5-year posted rates of 6.79%-6.84%. Their prepayment room: TD and National Bank (15% lump sum plus double-up), RBC and CIBC (10% lump sum plus double-up), Scotiabank (15/15), BMO (20/20).
How does Tangerine price the broker channel?
Scotiabank's online subsidiary (formerly ING Direct Canada). Schedule I bank. Competitive insured mortgage pricing for digitally-comfortable borrowers. Limited branch footprint — almost entirely online + cafe locations.
Tangerine's rate sheets and strengths
Tangerine runs a consumer 1-year fixed sheet and a wholesale broker-channel sheet, usually 15-30 bps lower — on a $700,000 mortgage, 20 bps is roughly $1,400 a year.
- Digital-first borrowers
- Competitive insured pricing
- Scotia backing
- Cafe-style locations
Why get Tangerine’s 1-year fixed through a broker?
Because the rate Tangerine quotes you directly is rarely its best 1-year fixed. We can help you save money.
Access the broker channel
Tangerine's broker-channel 1-year fixed rate is typically 15-30 bps below the rate you would be quoted directly — and you can only reach it through a licensed brokerage like ours.
Switch or renew without overpaying
At maturity we benchmark Tangerine's renewal/switch offer against the whole market so you never auto-renew high.
Bring us a written offer from a big bank. We’ll try to beat it. If we can’t, we pay you $500. Conditions apply. See the conditions
Whatever your situation with Tangerine
We submit to Tangerine’s broker desk and 100+ other lenders on one application — whichever prices your file lowest wins.
First-time buyers
5% down with FHSA + RRSP HBP optimization — Tangerine or whichever lender prices you lowest.
Refinancing
Tap your home equity for renovations, debt consolidation or investing.
Renewing
Don't auto-renew with Tangerine — but check whether it's collateral-charged before switching, since that decides the cost of moving.
Self-employed
Business-for-self files priced right across A-lender, alt-A and private.
Bruised credit
B-lender and private paths now, with a mapped exit back to A-pricing.
Breaking a Tangerine mortgage
Estimate the IRD or three-months-interest penalty before you switch out of Tangerine.
Tangerine 1-year fixed rate — FAQ
What is Tangerine's 1-year fixed mortgage rate today?
The best 1-year fixed across our 100+ lender network is approximately 4.19% as of Oct 24, 2026. As an FSRA-licensed brokerage we quote Tangerine's broker-channel sheet, typically 15-30 bps below its consumer rate. Your exact rate depends on your file.
Is a Tangerine 1-year fixed registered as a collateral charge?
Yes — collateral-charge registration is standard at Tangerine. It generally can't be assigned to a new lender, so switching at the end of your 1-year fixed means a discharge and re-registration rather than a free transfer; price that in when comparing.
Is a 1-year fixed with Tangerine a good idea?
You accept a usually-higher rate for the freedom to renew in a year. A specialist term for active rate-shoppers, not a mainstream default.
How does breaking a Tangerine 1-year fixed work?
With only twelve months of term, the IRD is almost always trivial and three months' interest is the practical penalty, so flexibility is high. The method matters as much as the term: the Big-6 banks compare your contract rate against today's posted rate minus the discount you received at signing, while lenders off the bank shelf more often use fair contract-rate IRD, which is typically far cheaper for the same break. Tangerine's written payout statement is the only binding number — estimate it first with our mortgage penalty calculator.
Can I get a lower 1-year fixed rate than Tangerine's?
Sometimes. Another of our 100+ lenders may price your specific 1-year fixed better — we put Tangerine and the rest of the network on one application, then you choose.
Get Tangerine’s best 1-year fixed — and 100+ others.
One application, no credit pull to begin. We submit to Tangerine and shop the whole network for your file.