Manulife Advantage Personal Savings Account - 4.10% for 5 months (expired Oct31) (4.5% as of Dec 14 )
- Deal Link:
- October 31, 2022
*NOV 1 NOTE* Regular interest rate rose to 2.35% from 2%, so interest rate is now 4.1%, but offer has expired with no new offer added yet.
*SEP 22 NOTE* Regular interest rate rose to 2% from 1.75%, so interest rate is now 3.75%.
Manulife has a bit of a hidden deal of a 3.5% interest rate on a new savings account for 5 months. This contains a 1.75% regular interest rate plus a 1.75% bonus interest rate. I think this is the first bonus for Manulife in the past year.
You need to click through to apply in order to see the 3.5% special rate. This has happened in the past with their savings account offers, where the promotional interest rate is not shown on the main information page. If you currently have a Manulife Savings Account, you need to add another account to your login to get this special rate. Funds need to be new money to count (ie if you have $10K in an existing Manulife account, this new account will earn the bonus interest when you have $10,001 total with Manulife.)
* 3.50% 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 1.75% and the variable annual promotional rate of 1.75%. Interest is calculated daily and paid monthly beginning on the date the account is opened and continuing 150 days (5 months) on net new deposits to a maximum of $500,000. 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 August 24, 2022 and subject to change without notice.
There are other savings account deals out there as well as GIC's with higher interest, but alternatives are always good.
Previous Manulife promos:
May 2021 - 2.0% for 4 months
Sep 2020 - 2.15% for 4 months
May 2020 - 2.75% for 4 months
Apr 2019 - 3.35%
Thanks from the Tangerine GIC thread from @AdamKing to mention this offer.