Expired Hot Deals

[Manulife] Earn 2.75% interest for first 4 months [new accounts, $100K max, $50K max since June 8th]

  • Last Updated:
  • Sep 23rd, 2020 8:33 pm
[OP]
Deal Addict
Jan 29, 2017
2623 posts
1752 upvotes

Earn 2.75% interest for first 4 months [new accounts, $100K max, $50K max since June 8th]

Deal Link:
Retailer:
Manulife
Looks like there is a new promo from Manulife.
Watch your money grow faster with preferred pricing on the Advantage Account†

High interest on all your money
Earn 2.75%† interest on every dollar for the first 4 months, and 0.30%† after, with no minimum balance required.

No-fee banking
Get free, unlimited transactions when you keep at least $1,000 in your Advantage Account.† Plus, Canadian bank-to-bank transfers are always free.
Advantage Account – General Terms & Conditions

2.75% promotional rate is for 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 0.30% and the variable annual promotional rate of 2.45%. 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 $100,000. 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 May 22, 2020 and subject to change without notice. Click here open in new window for full Terms and Conditions and for our current rates visit manulifebank.ca/rates. open in new window

0.30% interest is calculated on the closing daily balance and paid monthly. Rate as of May 22, 2020. Rate is subject to change without notice. View our current rates open in new window for more details.  

Free Banking with minimum $1,000 balance: Everyday banking fees for ABM 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 ABMs that are not part of THE EXCHANGE® Network. Visit manulifebank.ca open in new window for additional details.
https://offers.manulifebank.ca/products ... ode=gbbank

[update] @mkl38s is reporting you can simply add a new account for an existing client:

manulife-earn-2-75-interest-first-4-mon ... #p32618030

Promo code = gbbank

[edit2]New terms with 50K max as of June 8th.
The 2.75% new client personal Advantage Account interest offer is for new clients who have never previously held a Manulife Bank Advantage Account, and who open 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 0.30% and the variable annual promotional rate of 2.45%. 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 $50,000. 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 June 8, 2020 and subject to change without notice. Click here open in new window for full Terms and Conditions and for our current rates visit manulifebank.ca/rates. open in new window

0.30% interest is calculated on the closing daily balance and paid monthly. Rate as of June 8, 2020. Rate is subject to change without notice. View our current rates open in new window for more details.  
Last edited by peli33 on Jun 14th, 2020 11:21 am, edited 5 times in total.
198 replies
Newbie
Aug 21, 2017
89 posts
189 upvotes
The site asks me to input a promotional code but thanks OP!
[OP]
Deal Addict
Jan 29, 2017
2623 posts
1752 upvotes
wormtail wrote: The site asks me to input a promotional code but thanks OP!
Hmm so are you able to register? I have personally not yet opened as I have Simplii at 2.8 and Duca at 3%.
Deal Fanatic
Jul 22, 2007
6523 posts
5985 upvotes
Calgary
Why the 100k max? What a waste of time.
Newbie
Feb 4, 2017
20 posts
23 upvotes
new westminster, bc
do we know if it goes via a hard or soft credit check? thanks :)
Deal Guru
User avatar
May 7, 2007
12777 posts
5157 upvotes
What do Terms and Conditions say about clients who had this account previously?

Who of those clients qualify for the promo and who doesn't?
Deal Addict
Oct 25, 2005
2381 posts
340 upvotes
North Vancouver
sneh88 wrote: do we know if it goes via a hard or soft credit check? thanks :)
want to know that as well
Deal Guru
User avatar
May 7, 2007
12777 posts
5157 upvotes
sneh88 wrote: gbbank
Ya... I figured so as well (by looking at OP's link). ... But can't enter it over at the link anyhow ... the button isn't working / isn't doing anything for me anyhow.

I am currently in Opera ... maybe will try to enter the promo code in different browser later.

Anyone was able to successfully enter the promo code ... and "move past OP's link" ... to the next screen? :)
Deal Guru
User avatar
May 7, 2007
12777 posts
5157 upvotes
SammyDavis wrote: Why the 100k max? What a waste of time.
Ya... kinda low. I agree.

Might work for me anyhow though ... as I only have left 150K in cash nowadays (after purchasing i think -- TING's 3.2% GIC - 5 year term and TING's 2.9% GIC - 2 year term with the rest of my spare cash) :)

Can put 100K to Manu ... leaving another 50K at Tanterine's 2.5% that I have there currently.
Member
Aug 22, 2012
244 posts
222 upvotes
Darkman wrote: What do Terms and Conditions say about clients who had this account previously?

Who of those clients qualify for the promo and who doesn't?
I can't find anything regarding previous accounts. I've had and closed one within the last year I believe.. However I did find this:
"To be eligible for this offer you must be an employee of a participating sponsor and apply online through
your Manulife Group Benefits/Group Retirement secure member portal, your alumni website or employer
website."

So it would be a risk imo. If you applied and deposited funds, only to find a month later you only earned 0.3% since you weren't really eligible. That would suck! May still give it a shot..
Deal Expert
Jan 7, 2002
21823 posts
16125 upvotes
Waterloo, ON
Enforcer22 wrote: "To be eligible for this offer you must be an employee of a participating sponsor and apply online through
your Manulife Group Benefits/Group Retirement secure member portal, your alumni website or employer
website."
That was also a requirement for last year's promo. It was ignored by Manulife in practice.
veni, vidi, Visa
Deal Addict
User avatar
Dec 4, 2007
3976 posts
1638 upvotes
Quebec
if it's like their previous promotion, the rate may not hold the entire promotion period...so, their advertised rate doesn't mean much if they can actually lower it anytime during the promotion period.

i am done with this kind of "bs".

at least tang(cant tell for others bank) they keep their rate until the end of the promo.
Deal Guru
User avatar
May 7, 2007
12777 posts
5157 upvotes
HyperTech wrote: if it's like their previous promotion, the rate may not hold the entire promotion period...so, their advertised rate doesn't mean much if they can actually lower it anytime during the promotion period.

i am done with this kind of "bs".

at least tang(cant tell for others bank) they keep their rate until the end of the promo.
It's 0.30% though currently ... the regular rate ... the lowest it can become is 0.00% LOL :)
Deal Fanatic
Jan 21, 2014
5313 posts
2905 upvotes
I still have previous account open with $0.45. I logged in, open another account and It gave me 0.3% + 2.45%. I am scheduling a pull from Tangerine this Friday as my 3% there ends. I know they lowered their rate half way through the promotion last time, but it was still decent (was it 3.25% down to 3% or something?) still better than EQ
Deal Addict
Sep 2, 2006
2541 posts
1108 upvotes
Orleans, ON
Wait...so you opened a second account of the same type and it got 2.75%? Nice.
Deal Fanatic
Jan 21, 2014
5313 posts
2905 upvotes
Poulet wrote: Wait...so you opened a second account of the same type and it got 2.75%? Nice.
I left the account open from last promotion and it was easy to login and open another one, instantly. Now I have 2 accounts of the same but one with 2.75% and the other only 0.3%
[OP]
Deal Addict
Jan 29, 2017
2623 posts
1752 upvotes
mkl38s wrote: I still have previous account open with $0.45. I logged in, open another account and It gave me 0.3% + 2.45%. I am scheduling a pull from Tangerine this Friday as my 3% there ends. I know they lowered their rate half way through the promotion last time, but it was still decent (was it 3.25% down to 3% or something?) still better than EQ
Yeah the 0.30% is variable mostly depending on BoC interest rates decisions.

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