Earn 3.00%* interest rate for 2-years on a new Advantage Account
*Eligibility limited to one account per client and net new deposits to Manulife Bank only
Earn high interest on every dollar…every day!
Open an Advantage Account online and build your savings faster—earn high interest on every dollar you deposit and never pay a monthly fee.
With an Advantage Account, you get:
- High interest on every dollar in your account, no minimum balance required
- Easy access to your money with personal online banking, mobile and telephone banking, as well as thousands of ATMs
- All the features of a chequing account–you can deposit a cheque using mobile deposit, send or receive money using Interac e-Transfer®, make Interac® Debit card purchases, pay bills and more!
- Unlimited free everyday banking transactions – when you keep $1,000 in your account.
Some consider the Advantage Account the best combined savings and chequing account in Canada!
Benefits
High-interest savings account
Your money grows faster with a high-interest rate paid on every dollar in your account – with no minimum balance required.
No monthly fee
There is never a monthly fee for the Advantage Account, although some transaction fees may apply. And you get free unlimited everyday banking when you keep just $1,000 in your account.
Protection for your money
With Manulife Bank, your money is automatically eligible for coverage through the Canada Deposit Insurance Corporation.3
Easy access to cash
Withdraw money at thousands of ATMs across Canada. Plus, get cash back with Interac® Debit card purchases at participating retailers.
Bank anywhere, anytime
Check your balances, deposit cheques, send money using Interac e-Transfer, and pay bills using online and mobile banking.
Compare features
Here's what makes the Advantage Account different
| | Manulife Bank Advantage Account | Traditional chequing account | Traditional savings account |
|---|
| Free unlimited banking | Bank for free when you keep just $1,000 in your account | Minimum balance of $1,500 to $4,000 required to waive fees | Pay per transaction |
|---|
| Monthly fee | No monthly fee | Up to $16.95 | No |
|---|
| High interest on every dollar | Yes | No | Minimal interest with different rates based on your balance. |
|---|
| Minimum balance to earn highest rate | No minimum balance required | Not applicable, no interest offered | Required balance up to $250,000 |
|---|
| ATM access | Thousands of ATMs across Canada | Yes | Limited |
|---|
Rates & fees
Rates
The Advantage Account is a high-interest savings account that helps you grow your money with no minimum balance required. At Manulife Bank, we work hard to offer you the best interest rate possible so you can build your savings faster.
Fees
With the Advantage Account, there are no monthly fees and there is never a charge to deposit money into your account. Plus, when you keep a balance of just $1000 in your account, all your everyday banking transactions are free.
Source: https://onboarding.manulifebank.ca/journey/customer/product-initiation
To read the original article, please click the link provided above. Please be aware that the article may contain links to external resources or third-party websites that are not affiliated with or endorsed by GPFS. We are not responsible for the content or accuracy of these third-party sites. If you have any questions or concerns, feel free to reach out to us.
