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US$ Advantage Account is a high-interest* investment account that can help your clients' U.S. cash continue to grow until it's needed. Clients can simply transfer their U.S. dollars from their existing U.S. account at a Canadian bank to their US$ Advantage Account and earn a great return on their money. Then, when they need the money again, they can simply transfer it back.
This account is for Canadian residents with Canadian identification.
Product summary
- High-interest personal savings account for U.S. dollars.
Tax status
- Non-registered
Availability
- Client name (off-book)
Minimum deposit
- None
Interest structure
- A variable rate that is calculated daily and paid monthly on the entire balance.
Liquidity
- Fully liquid - no penalty for withdrawal.
Deposit options & account fees
All deposits must be in U.S. currency.
- Transfer money from a US$ account in the same name at another Canadian financial institution.
- Mail a US$ cheque drawn on a Canadian financial institution to Manulife Bank.
No fees for any deposit method.
Withdrawal options & account fees
Fund transfer to another US$ account in the same name at another Canadian financial institution: No fee
Statements
- e-Statements: Free monthly or semi-annually.
- Paper statements: Free semi-annually or $2/month.
CDIC eligibility
- May be eligible.
To help you sell $US Advantage Account, we’ve created a variety of materials you can use when introducing it to your clients. Use these resources to help them understand how $US Advantage Account will work within their overall financial plan to help them meet their needs.
If you have any questions or would like to discuss how to sell $US Advantage Account, contact the Business Development Consultant in your area at 1-800-567-9170.
Marketing and sales support materials
Before using these marketing materials, please contact your Dealer’s compliance area and confirm that the content complies with their rules:
Deposits Quick Reference Card (AB0365E) (PDF)
Presentation: Make your clients' cash work harder - module 1 (PowerPoint)
Presentation: Make your clients' cash work harder - module 2 (PowerPoint)
Presentation: Make your clients' cash work harder - module 3 (PowerPoint)
Applicants must provide transfer information for their current US$ account at a Canadian Financial Institution. Please ensure you are logged into Repsource and go to the Administration page for complete details.
*The variable annual interest rate is applied to all funds in the account. Interest is calculated daily on the total daily balance and paid monthly. Rate is subject to change.