Expired Hot Deals

Manulife Bank

Earn 2.15% for 4 months when you open an Advantage Account

  • Last Updated:
  • Mar 8th, 2021 8:23 pm
[OP]
Newbie
Jun 27, 2012
4 posts
53 upvotes
SURREY

Earn 2.15% for 4 months when you open an Advantage Account

Deal Link:
Retailer:
Manulife Bank
Manulife Bank Limited Time Offer
Earn 2.15%* for 4 months when you open an Advantage Account. Enjoy the benefits of a high-interest savings account with the flexibility of a chequing account.

* 2.15% promotional rate is for new deposits to a new personal, non-registered, Canadian-dollar Advantage Account. The promotional interest rate is made up of the regular posted annual variable interest rate of 0.15% and the variable annual promotional rate of 2.00%. Interest is calculated daily and paid monthly on net new deposits for the first 120 days (4 months) after account opening to a maximum of $250,000. 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 September 21, 2020 and subject to change without notice.

Free, unlimited transactions when you keep at least $1,000 in your Advantage Account. Plus, Canadian bank-to-bank transfers are always free.
Last edited by Redmask on Sep 24th, 2020 9:09 am, edited 1 time in total.
Reason: Removed referral ID from link. No referrals here.
303 replies
Deal Addict
Oct 29, 2004
1729 posts
533 upvotes
I was a member in January and closed the account. Am I still eligible?
Deal Fanatic
User avatar
Nov 18, 2008
8326 posts
2006 upvotes
Mont-Royal
if i remember correctly, it requires a hard credit check
"Every marathon you run, your heart scars and you will die faster. If you think running a marathon is fitness, then you know NOTHING ABOUT HEALTH & FITNESS."
- Training 101
Newbie
Jul 7, 2018
37 posts
167 upvotes
A good rate, but what does this mean?
I authorize my representative, Jiao Yang, to be assigned to this account and understand that they
may receive future compensation related to this account.
Jr. Member
Jan 21, 2019
111 posts
203 upvotes
coffeecoffee wrote: A good rate, but what does this mean?
Sounds like they assign you an advisor who will probably do a bit of leg work in making sure all info on the account is set up correctly. They’ll receive credit for doing so which will count towards an bonus, presumably.

More than likely you’ll hear from them to try and sell you certain products etc.

I’m guessing that’s how it works!
Deal Addict
Oct 8, 2015
2010 posts
1780 upvotes
OP’s name is JiaoYang so I guess this post will disappear soon
coffeecoffee wrote: A good rate, but what does this mean?
Sr. Member
Aug 27, 2012
537 posts
544 upvotes
Calgary
L4cky wrote: if i remember correctly, it requires a hard credit check
There was no hard inquiry a year ago. I also remember others reporting that opening another account in addition to old one qualified for a promotion when it was around for a second time. I am wondering if this is going to be the case for existing customers again. Still have an old account from original promo which obviously won’t qualify.
Member
Aug 22, 2012
421 posts
392 upvotes
My promo just ended today, wonder if they will extend or I'll have to transfer to EQ 1.7% as the base rate with Manulife is terrible
Newbie
Jun 11, 2013
27 posts
52 upvotes
Opened new account and it shows the correct rate @ 2.15%. I had account with them on last promo 3.35% and never closed it. Sign up took about 3 minutes.

Pity about the 250k cap but thanks OP. BEST rate currently offered.
Deal Fanatic
User avatar
Feb 5, 2006
7304 posts
1295 upvotes
Toronto
naticom wrote: OP’s name is JiaoYang so I guess this post will disappear soon
I think the mods normally just replace his referral link with one that flows the referral $ to RFD.
Deal Addict
Oct 4, 2006
2379 posts
1074 upvotes
Toronto
Does that work out to roughly $716 with a $100K deposit?
Deal Fanatic
Oct 7, 2007
8761 posts
4637 upvotes
So much easier to set this up than calling Tangerine and begging for a promo rate. Thanks OP! :)
Newbie
Jun 11, 2013
27 posts
52 upvotes
blindemboss wrote: Does that work out to roughly $716 with a $100K deposit?
About $180/month x 4 month so yes your math adds up. :)
Deal Addict
Sep 1, 2007
2055 posts
1523 upvotes
Surrey
thanks Op! Just opened up a 3rd account and set the transfer from my other account for sept 28 (when that promo rate ends)
Member
User avatar
Feb 8, 2020
246 posts
592 upvotes
RichieRich10 wrote: Opened new account and it shows the correct rate @ 2.15%. I had account with them on last promo 3.35% and never closed it. Sign up took about 3 minutes.

Pity about the 250k cap but thanks OP. BEST rate currently offered.
In order to qualify for the "new deposits" portion of their requirements, would I need to move my money out of my current Manulife Advantage account to a different financial institution and then move it into a newly created Advantage account? Or can I go directly from an existing advantage account to a newly created one?
Hello World!
Jr. Member
User avatar
Aug 6, 2019
103 posts
124 upvotes
Ontario
Just so I understand it says any withdraws within the promotional period is subtracted from the deposit amount. So if interest is paid monthly, and calculated daily, you're earning interest daily or does a withdrawal forfeit that earned interest?
Deal Addict
Oct 8, 2015
2010 posts
1780 upvotes
Sorry I haven't opened an Manulife account before.

So it looks that the promo is not for *new customer* only. Even existing customers can open another account to be qualified for the promo?
ffonly wrote: thanks Op! Just opened up a 3rd account and set the transfer from my other account for sept 28 (when that promo rate ends)
Deal Fanatic
Jan 21, 2014
5885 posts
3284 upvotes
23LeBronJames wrote: In order to qualify for the "new deposits" portion of their requirements, would I need to move my money out of my current Manulife Advantage account to a different financial institution and then move it into a newly created Advantage account? Or can I go directly from an existing advantage account to a newly created one?
Term is not very clear:
"... Manulife Bank will pay the Promotional Interest on net new deposits (funds not currently held in a Manulife Bank account as of September 17, 2020) made during the Promotional Period, up to a cumulative total of $250,000 (“Eligible Deposits”) into your Eligible Account during the Promotional Period..."

My previous promotion ends today. If I moved my money out, then create a new Advantage account and move my money back in, am I still qualified?

Top