Frequently Asked Questions:

What is the Advantage Account Promotional Offer?

Our promotional offer is for new clients, with a great introductory rate.

The offer details are:

1.  Interest: Promotional interest: 3.25% = Promotional rate: 1.75% + Regular rate: 1.50%

2.  Offer Period: Clients can participate by opening a new account before July 15, 2019.

3.  Eligible Clients: Available to clients who open a new personal non-registered Canadian-dollar Advantage Account.

4.  Eligible Deposits: Deposits must be new to Manulife Bank (not currently held in a Manulife Bank account). Maximum of $100,000

5.  Promotional Interest Period: Clients earn promotional interest for 182 days from the date of their new account.(approx 6 months).

Who will receive the offer?

Clients that open a new personal non-registered Advantage Account, limit one account per individual.

How do I qualify for the promotional interest rate?

To qualify for this offer, a client must open an Advantage Account and make a qualifying deposit to earn promotional interest. They must apply during the Offer Period before July 15, 2019, deposits must be new to Manulife Bank.

Is a minimum deposit amount required to qualify for the promotional interest offer?

There is no minimum deposit amount required to qualify for this offer.

If I already have an Advantage Account, do I need to open a new Advantage Account to benefit from the 3.25% offer?

Yes, for existing clients who want to benefit from the 3.25% they will need to open a new Advantage Account.

If I already have an account, what is the easiest method to apply for another account?

The easiest method to sign in to their online banking and click the ‘Open a New Account’ option on the left-hand side. This is an express application that will pre-populate will all of your existing client info, including your financial advisor.

How is the promotional interest rate calculated?

The 3.25% promotional interest rate is made up of the regular posted variable annual interest rate of 1.50% and the variable annual promotional rate of 1.75%. Promotional interest is calculated daily on the deposit balance and paid monthly as two separate interest payments:

1) calculated using the regular rate (1.50%)

2) calculated using the promotional rate (1.75%)

Any change to the regular rate will result in a corresponding change to the promotional interest. For example, if the regular rate of 1.50% were to decrease to 1.40%, the promotional interest would decrease to 3.15%.

What happens if I withdraw money from my account during the promotional period?

Withdrawals from an account during the promotional period are subtracted from the eligible deposit balance. If an account is overdrawn at anytime, the eligible deposit balance will not include any deposits required to bring the account balance to zero.

What happens if I closes my Advantage Account during the promotional period?

The promotional interest rate will not be paid for the month in which an account is closed.

What interest rate will clients receive after the promotional offer ends?

Clients will receive our posted variable annual interest rate at the end of the promotional period. As at June 18, 2019, the Advantage Account variable annual interest rate is 1.50%. Interest is calculated on the total daily closing balance and paid monthly. The rates are subject to change without notice.

Can I transfer money from another account at Manulife Bank to receive this offer?

No, the money deposited into the Advantage Account cannot come from another account at Manulife Bank. The money must be new to Manulife Bank.

Contact our office today for more information to get you started!

* The 3.25% promotional rate is for 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 1.50% and the variable annual promotional rate of 1.75%. Interest is calculated daily and paid monthly on net new deposits for the first 182 days (6 months) after account opening to a maximum of $100,000. 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 June 18, 2019 and subject to change without notice.

 **Everyday banking fees for ABM cash withdrawals, debit payments, e-transfers and bill payments are waived when the account balance is $1,000 or more. All other everyday withdrawal and deposit transactions are free at any balance.

 Advantage Account is offered through Manulife Bank of Canada.