 "Earn a 3.00% Promotional Interest Rate for Two Years with a Manulife Bank Advantage Account")
If you have money sitting in an account that earns very little interest, now may be a good time to explore another option.
For a limited time, eligible clients who open a new personal Manulife Bank Advantage Account can earn a 3.00% promotional interest rate for two full years on qualifying net new deposits. The offer is available for new accounts opened between July 2 and September 11, 2026.
Unlike many promotional rates that last only a few months, this offer continues for 730 days from the date the account is opened, giving your savings more time to benefit from a competitive rate.
The promotional rate consists of Manulife Bank’s regular posted annual variable interest rate of 1.50%, plus an additional variable promotional rate of 1.50%.
Interest is calculated daily and paid monthly on eligible net new deposits of up to $500,000. After the two-year promotional period ends, the account will earn Manulife Bank’s regular variable rate, which is currently 1.50% as of July 2, 2026.
The offer is limited to one eligible account per client and cannot be combined with other promotional offers. Both the promotional and regular rates are variable and may change without notice.
The Manulife Bank Advantage Account combines the earning potential of a savings account with several convenient features commonly associated with a chequing account.
Account holders can send and receive money through Interac e-Transfer®, make purchases using an Interac® Debit card, pay bills and deposit cheques using mobile deposit.
Everyday banking fees for ATM cash withdrawals, debit purchases, Interac e-Transfers and bill payments are waived when the account maintains a balance of at least $1,000. Other everyday deposits and withdrawals are free at any balance, although certain convenience and out-of-network ATM fees may still apply.
The application can also be submitted digitally and may take as little as five minutes to complete.
The Manulife Bank illustration included with this offer shows that a $20,000 deposit could earn approximately $1,200 in interest over two years at the promotional rate. This is presented for illustration purposes only, and actual interest earned will depend on factors such as the account balance, applicable rates and the timing of deposits and withdrawals.
While the interest rate is important, it is also worth considering how an account fits into your wider financial plans. Accessibility, transaction needs, account fees and your short- and long-term goals should all be part of the decision.
The Advantage Account may be worth considering if you have net new savings that you would like to keep accessible while earning a promotional interest rate over a longer period.
However, every financial situation is different. Before opening an account, it is important to review the complete offer terms, confirm your eligibility and understand how the account may complement your existing savings and investment strategy.
The 3.00% promotional interest rate is available for eligible new Manulife Bank Advantage Accounts opened no later than September 11, 2026.
If you would like to learn more about the offer or need assistance setting up an Advantage Account, contact Vikas Ramrakha. Vikas can explain the account features, review the eligibility requirements and help you determine whether it is suitable for your financial needs.
Vikas Ramrakha, Insurance Advisor
Phone: 416-558-3061
Email: vikas@vrinsurance.ca
**The interest rate comparison was obtained by comparing the promotional interest rate offer of the Manulife Bank Advantage Account to the average promotional interest rate offer and average regular posted interest rate for a 2 year period for similar products at each of Canadian Imperial Bank of Commerce, Royal Bank, Tangerine Bank and Simplii Financial, as described on their websites as at June 12th, 2026.
1 3.00% promotional interest rate is for net new deposits to a new personal non-registered Canadian-dollar Advantage Account opened between July 2, 2026 and September 11, 2026. 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 1.50%. Interest is calculated daily and paid monthly beginning on the date the account is opened and continuing 730 days (2 years) on net new deposits to a maximum of $500,000. After the promotional interest period ends, the account will earn a variable regular rate of 1.50%. 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 July 2, 2026, and subject to change without notice. Click here for full terms and conditions.
2 As at July 2, 2026, the regular variable rate of 1.50% 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.
3 Free Banking with minimum balance: Everyday banking fees for ATM cash withdrawals, Interac® direct payments (debit), Interac e-Transfer® 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. Other convenience fees may apply to withdrawals made at ATMs that are not part of THE EXCHANGE® Network. Visit manulifebank.ca for additional details. Other fees may apply
Interac® / Interac e Transfer®
Interac® is a registered trademark of Interac Corp. Used under license.
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.
| Tags:Savings & InvestmentsLatest News |
the Insurance Industry. Please subscribe to my blog/newsletter below:
