The Globe and Mail reports in its Thursday edition that most banks are leaving their savings rates untouched while they wait for the Bank of Canada to lower rates. The Globe's Rob Barrick writes that the central bank passed on a chance to lower rates Wednesday, which means the next opportunities will be April 10 and June 5. On-line bank Tangerine is not waiting around. Last November, it sliced the not-especially great 1-per-cent rate on its savings account down to 0.8 per cent and then down to 0.7 per cent a couple of weeks later. Tangerine began life in 1997 as ING Direct, a Dutch-owned disruptor that led the way in making high savings rates accessible in Canada. Scotiabank bought ING in 2012, renamed it Tangerine and began a continuing renovation that keeps de-emphasizing high rates. Tangerine has 2.3 million clients and its deposit base is the sixth largest in Canada. If you are a customer who emphasizes high rates on savings, it is time for a rethink. Tangerine provides a glossy, streamlined way to bank on a mobile phone or computer, including no-fee chequing, attractive credit cards, mortgages, and a small selection of investments that includes mutual funds and guaranteed investment certificates.