Don Maycock...advising you to and through retirement!

Manulife Advantage Account – Special RRSP and TFSA Offer

Manulife Advantage Account - Special Offer Until March 11, 2022

The Manulife Advantage Account is a high-interest, full-access, low fee chequing account that can be used by clients as their primary bank account or as a secondary investment account. This account combines the liquidity of a traditional chequing account with the interest of a short-term GIC or money market fund. Advantage Account's features and benefits are unrivalled in the marketplace.

Note: The variable annual interest rate 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. Manulife is currently offering the following incentives for a limited time.

1.50%* boost for TFSA and RRSP deposits made by March 11, 2022

The Manulife Bank RRSP and TFSA are similar to the Advantage Account as they are interest bearing accounts only.

On January 20, 2022, Manulife Bank will email our existing deposit clients to share details of this time-limited interest rate boost. New deposits made to a Tax-Free Advantage Account (TFSA) or Registered Advantage Account (RRSP) up until March 11, 2022 will earn 1.50% promotional interest until April 30, 2022. No minimum deposit or locking in required (see 1 below).

The account is fully liquid and can earn the promotional rate on deposits up to $100,000 during the promotional interest period. After April 30, they’ll continue earning daily interest at our regular rate, currently 0.15%**.

Posted variable interest rate 0.15%
Promotional rate until April 30, 20221.35% 1.35%
Total interest on new deposits during promotional interest period 1.50%

If you have further questions or are interested in opening either the RRSP or TFSA, please contact me and I'll assist with the process.  

This offer is open to new clients as well.


Deposits are eligible for deposit insurance. Manulife Bank of Canada is a member of the CDIC.

 

* 1.50% promotional interest is for new deposits to Tax-Free Advantage Accounts and Registered Advantage Accounts. The promotional interest rate is made up of the regular posted variable annual interest rate of 0.15% and the variable annual promotional rate of 1.35%. Interest is calculated daily and paid monthly from December 1, 2021 to April 30, 2022 on net new deposits to the account received from December 1, 2021 to March 11, 2022 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 and rates are as at December 1, 2021 and subject to change without notice. See See full Terms and Conditions and visit manulifebank.ca for our current rates.

** As at January 12, 2022, the variable annual interest rate of 0.15% 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.

1 Withholding taxes may apply if funds are withdrawn from an RRSP.

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. All accounts are 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 Securities Incorporated, Manulife Securities Investment Services Inc. and Manulife Securities 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.