Personal High-interest Deposit Accounts



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Personal High-interest Deposit Accounts

Deposit and withdrawal options

Contact your financial advisor to open any of these accounts today. If you don't have a financial advisor, we can help you get the professional advice you need to make well-informed choices about your financial future. Find a financial advisor.

Advantage Account
You'll receive a high rate of interest on every dollar you deposit into this chequing account. With a multitude of deposit and withdrawal options, including online and telephone transfers, pre-authorized chequing and bill payments, debit card access and low fees, it's an industry-leading account. View Advantage Account demonstration.

Tax-Free Savings Accounts
Manulife Bank has two Tax-Free Savings Accounts:

Tax-Free Advantage Account - a bank account that features a tax-free, high rate of interest, no minimum balance and no fees for making deposits and withdrawals.
Tax-Free Guaranteed Investment Certificate (GIC) - tax-free guaranteed growth for your investment, available for terms of 1 to 5 years.

A Tax-Free Advantage Account is a perfect way to save for short-term goals such as a new car or a down-payment for a home. The money will grow in the account tax-free and then can be accessed at any time for any purpose without incurring fees or taxes. And contribution room is never lost. The full amount of any withdrawal will be added back to your available contribution room for the following year – so you can continue saving for your next goal.

For more information about these accounts, read our list of Frequently Asked Questions. The Government of Canada TFSA website is another great resource for explanations, ideas and a calculator to help you understand TFSAs and how they could work for you.

Registered Advantage Account
This account is an ideal investment to reduce volatility in your RRSP portfolio while keeping your money accessible. You earn a high rate of interest on your entire balance, with no minimum required, and your money is never locked in. You can make additional deposits and withdrawals anytime without restriction or penalites.¹

$US Advantage Account
Earn a high rate of interest on your $US savings without locking your money in. $US Advantage Account has no minimum deposit, no tiers and a competitive, high rate of interest. And you can access your money through online and telephone transfers.

Investment Savings Account
With Investment Savings Account, you earn the high rate of interest on every dollar in the account, without having to worry about or manage maturity dates as you would with other investments such as Treasury Bills or GICs. It is available for registered and non-registered investments, including RRSPs, TFSAs, RRIFs, DPSPs, LIFs, LRIFs, PRIFs and RESPs. Canadian residents or Canadian-registered businesses may purchase the account within a "Nominee Name" account, which is a trust account offered through their financial advisor (chequing, ABM withdrawals, debit purchases and client-initiated online transactions cannot be done).

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Deposit and withdrawal options for personal accounts

You have a number of choices for making deposits and withdrawals with these high-interest accounts. This chart outlines what you can do with your Canadian and U.S. dollar Advantage Accounts. For Tax-Free Advantage Account and Registered Advantage Account, deposits can be made by submitting a cheque made out to the account holder and withdrawals can be made by speaking to a Bank Service Representative at 1-877-765-2265. For the fees associated with these services, visit the "Service charges for deposit accounts and lines of credit" page.

Making deposits to your account	Advantage Account	$US Advantage Account
Online transfers from other Canadian financial institutions.	*	*
Telephone system (IVR) transfers or with the help of a Banking Service Representative from other Canadian financial institutions.	*	*
Send us a cheque payable to the account holder, with the destination account number written on the back.	*	*
Use special deposit slips at a Royal Bank branch.	*
Use any Canadian deposit-taking ABM with THE EXCHANGE² symbol.	*
Have your income deposited directly to your account.	*
Withdrawing from your account	Advantage Account	$US Advantage Account
Online transfers to other Canadian financial institutions.	*	*
Telephone system (IVR) transfers or with the help of a Banking Service Representative to other Canadian financial institutions.	*	*
Pay bills online.	*
Pay bills over the phone.	*
Set up pre-authorized bill payments.	*
Write a cheque.	*
Make direct payment purchases (debit) (daily withdrawal limit applies).	*
Use any ABM (daily withdrawal limit applies). Avoid convenience fees by using ABMs with THE EXCHANGE symbol. ABM withdrawal service charge still applies.	*

When making online transfers and writing cheques, the currency must be consistent. Transfers may be between two Canadian-dollar accounts or between two U.S.-dollar accounts only. Cheques from a U.S.-based financial institution will be subject to a 30-day holding period.

¹ Withholding taxes may apply if funds are moved to a non-registered account or withdrawn.
² Fiserv EFT is the owner of THE EXCHANGE^® trade mark and its associated rights. Fiserv EFT has granted FICANEX^® the exclusive right to use, market and sublicense THE EXCHANGE^® trade mark and the intellectual property rights associated with the operation of THE EXCHANGE^® Network throughout Canada. Manulife Bank of Canada is an authorized user of the mark.

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