Expired Hot Deals

[Manulife] Manulife Bank Advantage Account 1.5% with end of 3.35%/3.25% promotional period ***Updated July 17, 2019***

  • Last Updated:
  • Aug 16th, 2019 1:56 am
Newbie
Apr 26, 2019
45 posts
64 upvotes
user512 wrote:
Jun 1st, 2019 3:07 am
Just checked account and it doesn't look like the promo interest was factored in. Based on the interest for May , they seem to be using 1.5%.


Any one else notice this ?
No, both reg and promo interest were credited to my account.....listed as separate items in the transactions, and the total was what I was expecting at 3.35%
Use the desktop version not the app.
Jr. Member
May 21, 2015
177 posts
53 upvotes
BobW95191 wrote:
Jun 1st, 2019 3:51 am
No, both reg and promo interest were credited to my account.....listed as separate items in the transactions, and the total was what I was expecting at 3.35%
Use the desktop version not the app.
Checked again. Now I'm seeing the separate "Promo Interest Deposit" transaction.

There must be a delay for Promo interest to get posted. Maybe by a few hours.
Deal Addict
User avatar
Jan 31, 2004
2343 posts
440 upvotes
Montreal
Received 2 seperate interest depost on May 31st.
#1 Interest Deposit
#1 Promo Interest Deposit

I manually calculated my interest and my 3.35% interest rate adds up.
All good!! I am loving this bank!!
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Deal Fanatic
Jul 4, 2004
8104 posts
1064 upvotes
Interest actually paid at the end of the month, just setup a transfer of funds, and even sent money to Stack prepaid, all in less than 10 minutes and no fees (keep a minimum of $1k in the account)!

Very Impressive White Left Pointing Backhand Index.
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Sr. Member
Feb 28, 2015
593 posts
136 upvotes
Montreal, QC
Took sometime to have my account setup due to the fraud flag in credit bureau, but all the funds have been transferred, earning 3.35%. Will keep the account till promo expiry and cancel.
Newbie
Jun 13, 2012
98 posts
125 upvotes
Calgary
Got my regular interest and bonus as well. 3.35% till November 2019!
Newbie
May 29, 2019
12 posts
6 upvotes
nahsha wrote:
Jun 1st, 2019 1:10 pm
Took sometime to have my account setup due to the fraud flag in credit bureau, but all the funds have been transferred, earning 3.35%. Will keep the account till promo expiry and cancel.
Same here, what a pain in the a**. I submitted my cheque and document on Thursday at noon hour. Cheque has already been pulled from my TD account, but funds are still on 'hold'. I also had to resubmit my document yesterday because apparently they had issues with it "being from the same bank" - I'm assuming they meant the same bank as the cheque. I already had them extend my promo by a week, because it took that long alone just to get an email from them. Not impressed by any measure. How long did it take you all together?
Sr. Member
Feb 28, 2015
593 posts
136 upvotes
Montreal, QC
JamesW84831 wrote:
Jun 1st, 2019 3:52 pm
Same here, what a pain in the a**. I submitted my cheque and document on Thursday at noon hour. Cheque has already been pulled from my TD account, but funds are still on 'hold'. I also had to resubmit my document yesterday because apparently they had issues with it "being from the same bank" - I'm assuming they meant the same bank as the cheque. I already had them extend my promo by a week, because it took that long alone just to get an email from them. Not impressed by any measure. How long did it take you all together?
Altogether 2-3 weeks, didn't get any extension but at least I was able to get 3.35 from 3.25.
Deal Fanatic
User avatar
May 7, 2007
6885 posts
2157 upvotes
A dollar that I had in the account earlier (beginning of May) ... plus $400K+ that were credited to my account on May 15th (deposited via cheque / bank draft to Exchange ATM) ...

Interest rate was paid on May 31 it shows ... as everyone mentioned ... both regular and promo rate.

Account interest is showing 1.50% -- regular ... 1.85% - promo ... (for a total of 3.35%)

Anyhow ... Decided to check on interest paid ... and I am $18.65 underpaid, in my opinion ... for 17 days of my money in the account in May.

Called them ... and the guy opened a ticket ... telling me this and that, that he doesn't have any answers etc...

Telling me that my account should be 3.25% (current promo) ... and I told him "no, no, no -- my account is on 3.35% promo, as showing in my account as well (as mentioned above).

He couldn't see that on his end or something ... ( Re: Account interest is showing 1.50% -- regular ... 1.85% - promo ) ... not on his screen anyhow.

I told him "trust me it is, It's on my screen anyhow".

So the ticket is open ... but relevant people (for my case anyhow) aren't there till Monday ...

Meanwhile ... for curiosity sake ... I calculated my interest using 3.25% instead of 3.35% ... and then it's more like it .. but not entirely accurate anyhow ... - using that formula means I got $2 something more than I should have gotten.
So who knows... I don't like inaccuracies ... especially when they are not in my favour ...
Hopefully they'll sort it all out..
And hopefully ... the calculation they are using for me is NOT 3.25% (regardless that I applied and was approved for 3.35% ... and that it shows 3.35% in my account).

Cuz $18 something for 17 days (underpaid) ... would mean something like over $30 (underpaid) for the whole month.

And from now on it will be "whole month".

I'd hate to hassle for my interest adjustment on continuous basis ... monthly ...

So hoping they'll find an issue and straighten it out.


Anyhow else noticed something similar to my case above?
Deal Addict
Jan 21, 2014
3947 posts
1698 upvotes
Mine was correct at 3.35%. Actually it was $0.24 more but then I realized I had like $50 in there from the beginning so that probably was the extra
Newbie
Jun 18, 2015
12 posts
3 upvotes
Ottawa, ON
As I saw some friends calculated above, so, I did mine. Mine is correct. And that confirms I get the interest on the day I deposit the cheque from ATM. I made a mistake during calculation. E.g. for the money on May 6, the days for interest should be 26 (not 25). Hope it helps.
Thank you guys.
Sr. Member
Jun 4, 2007
669 posts
270 upvotes
I didn’t even get my 1.85%, I opened a ticket with them.
Deal Fanatic
User avatar
May 7, 2007
6885 posts
2157 upvotes
Anyone wants to calculate mine .. maybe I am tired .. and miscalculated?

Here are some key details in a nutshell .. C/P:

Interest rate 1.500%
Promotional rate 1.850%
Promotion end date October 27, 2019
Opened date April 28, 2019

Transactions:

Apr 30, 2019 Mobile Deposit $1.00 $1.00
May 15, 2019 ATM Deposit CANADIAN WESTERN BANK $402,720.00 $402,721.00
May 31, 2019 Interest Deposit $281.35 $403,002.35
May 31, 2019 Promo Interest Deposit $347.00 $403,349.35

----

Just count (starting balance for calculation) 402,721.00 ... (cuz I had a dollar there before the large deposit ... and it's not a factor here anyhow) ... -- count from May 15 ... till May 31 ... 17 days, if I am not mistaken ...
3.35% total interest rate ...
You can see the interest they paid me .... $628.35, isn't it?

Now do the calculation .... mine came to something like $646 ... 18.35 or so underpaid. :)
Member
Jan 1, 2005
246 posts
36 upvotes
Ottawa
Darkman wrote:
Jun 1st, 2019 9:18 pm
Anyone wants to calculate mine .. maybe I am tired .. and miscalculated?

Here are some key details in a nutshell .. C/P:

Interest rate 1.500%
Promotional rate 1.850%
Promotion end date October 27, 2019
Opened date April 28, 2019

Transactions:

Apr 30, 2019 Mobile Deposit $1.00 $1.00
May 15, 2019 ATM Deposit CANADIAN WESTERN BANK $402,720.00 $402,721.00
May 31, 2019 Interest Deposit $281.35 $403,002.35
May 31, 2019 Promo Interest Deposit $347.00 $403,349.35

----

Just count (starting balance for calculation) 402,721.00 ... (cuz I had a dollar there before the large deposit ... and it's not a factor here anyhow) ... -- count from May 15 ... till May 31 ... 17 days, if I am not mistaken ...
3.35% total interest rate ...
You can see the interest they paid me .... $628.35, isn't it?

Now do the calculation .... mine came to something like $646 ... 18.35 or so underpaid. :)
(0.0335÷365)×402721×17=628.35
Newbie
Nov 5, 2018
84 posts
107 upvotes
GoodDeal wrote:
Jun 1st, 2019 9:39 pm
(0.0335÷365)×402721×17=628.35
Please bro... Don't entertain darkman, he's been replying to his messages and leaving long posts for years. He does it for attention.

His post about his interest is also a poor attempt of a modest flex. He's done this before, dont entertain Face With No Good Gesture

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