Looking for a competitive interest rate that lasts longer than the typical short-term promotional offer?
Open an eligible new Manulife Bank Advantage Account between July 2 and September 11, 2026, and you can earn a 3.00% promotional interest rate for two full years on qualifying net new deposits.
The Manulife Bank Advantage Account combines the interest-earning potential of a savings account with many of the convenient features of an everyday chequing account. It gives you the opportunity to grow your savings while continuing to access and manage your money when you need it.
The 3.00% promotional interest rate applies to eligible net new deposits made into a new personal, non-registered Canadian-dollar Manulife Bank Advantage Account.
The account must be opened between July 2 and September 11, 2026. Once opened, the promotional interest rate continues for 730 days, or two full years.
The promotional rate consists of:
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 continue to earn Manulife Bank’s regular variable interest rate, which is currently 1.50% as of July 2, 2026.
Many promotional savings rates are available for only three to five months. This Manulife Bank offer provides an eligible promotional rate for two full years, giving your savings more time to benefit.
For illustration purposes, a $20,000 deposit earning 3.00% for two years could generate approximately $1,200 in interest. The actual amount earned will depend on the applicable interest rates, account balance and timing of deposits and withdrawals.
The interest rate is variable and subject to change, so it is important to review the complete terms and conditions before opening an account.
The Manulife Bank Advantage Account offers more than the opportunity to earn interest. It also includes several convenient everyday banking features.
With your Advantage Account, you can:
Everyday banking fees for ATM withdrawals, Interac® Debit purchases, Interac e-Transfers and bill payments are waived when you maintain an account balance of at least $1,000.
Other everyday deposit and withdrawal transactions are free at any balance. Certain convenience fees and charges for withdrawals made at ATMs outside THE EXCHANGE® Network may still apply.
A Manulife Bank Advantage Account may be worth considering if you:
Every person’s financial circumstances and goals are different. Speaking with an experienced advisor can help you understand the account, its eligibility requirements and whether it is an appropriate option for you.
The 3.00% promotional interest rate is available for eligible new accounts opened between July 2 and September 11, 2026.
Vikas Ramrakha can explain the offer, answer your questions and help you complete the application for a Manulife Bank Advantage Account.
Contact Vikas today to learn more and determine whether the account is suitable for your savings and everyday banking 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.
the Insurance Industry. Please subscribe to my blog/newsletter below:
