5.75%* on new Advantage Accounts

Submitted by Krishan on May 6, 2024 - 4:48pm

Ready to take your clients’ savings to new heights? We certainly are! Your clients can now earn 5.75%* for four months when they open a new Manulife Bank Advantage Account.

That’s not all. Even after the promotion ends, their savings will keep growing with our high regular rate on every dollar, every day. See how our high everyday rate and promotional rate stack up against the competition:

For illustration purposes only

Here’s how the promotion works:

	•	The offer applies to new personal, non-registered, Canadian-dollar Advantage Accounts opened between March 19 and June 7, 2024.
	•	Your clients earn a promotional rate of 5.75% for four months from the date the account was opened.
	•	After the promotion ends, clients keep earning high interest on every dollar (currently at 2.85%³ and subject to change).

Easy next steps to grow your business: Remember—you earn 25 bps on all new client-name deposit accounts, including Advantage Accounts! Plus, check out your marketing materials and more promo details!

View promo details

5.75% promotional rate is for new deposits to a new personal, non-registered, Canadian-dollar Advantage Account. The promotional interest rate is made up of the regular posted annual variable interest rate of 2.85% and the variable annual promotional rate of 2.90%. Interest is calculated daily and paid monthly beginning on the date the account is opened and continuing 120 days (4 months) on net new deposits to a maximum of $500,000. Any change to the regular interest rate will result in a corresponding change to the promotional interest rate. The offer is limited to one account per client and cannot be combined with other offers. The offer and rates are as of March 19, 2024, and subject to change without notice. Click here for full terms and conditions.

¹	Big Banks savings account interest rate is the average rate based on a deposit of $10,000 offered by Bank of Montreal, CIBC, Royal Bank, Scotiabank and TD Bank as described on their websites as of March 6, 2024.

²	Digital Banks savings account interest rate is the average rate based on a deposit of $10,000 offered by Tangerine, Simplii, EQ Bank, B2B Bank and Oaken Financial as described on their websites as of March 6, 2024.

³	As at March 19, 2024, the variable annual interest rate of 2.85% is applied to all funds in the account. Interest is calculated daily on the total daily balance and paid monthly. Rate is subject to change without notice.

This information is provided by Manulife Bank. Manulife Bank works closely with independent insurance and investment firms to offer banking solutions that support holistic financial planning.

Advantage Account is offered by Manulife Bank of Canada (MBC).

Manulife Financial Corporation (MFC) owns The Manufacturers Life Insurance Company (MLI), a financial services organization offering a range of protection, estate planning, investment and banking solutions. MLI owns MBC, a federally chartered Schedule 1 bank which in turn owns Manulife Trust Company, a federally chartered trust company. MLI also owns Manulife Wealth Incorporated, Manulife Wealth Investment Services Inc. and Manulife Wealth Insurance Inc.

Manulife, Manulife Bank, Stylized M Design, and Manulife Bank & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by Manulife Bank of Canada under license.