Get Manulife Bank’s best rates for high-interest bank accounts, mortgages, credit cards, loans, GICs, and short-term deposit investments.
High-interest Advantage Account rates
| Account | Interest Rate |
|---|---|
| Advantage Account | 1.50% |
| Advantage Account: Additional Promotional Rate | 1.75%* |
| Business Advantage Account | 1.20% |
| Tax-Free Advantage Account | 1.50% |
| Registered Advantage Account | 1.50% |
| Retirement Income Advantage Account | 1.50% |
| $US Advantage Account | 0.50% |
| $US Business Advantage Account | 0.50% |
Interest is calculated on the closing daily balance and paid monthly.
Manulife Bank's posted deposit rates are effective for deposit amounts of up to $2 million. For amounts greater than $2 million or for more information, please contact Manulife Bank at 1-877-765-2265 or (fax) 1-877-565-2265.
* 3.25% 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 1.50% and the variable annual promotional rate of 1.75%. Interest is calculated daily and paid monthly on net new deposits for the first 182 days (6 months) after account opening 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 April 30, 2019 and subject to change without notice. Click here for full terms and conditions and visit manulifebank.ca for current rates.
ManulifeMONEY™+ Visa* credit cards rates
1You will earn a bonus of an additional 7% cash back, for a total of 10% cash back on the first $2,500 in purchases at merchants classified in the Visa network as Grocery Stores & Supermarkets (Merchant Code: 5411) when those purchases are posted to your account beginning on your account opening date and ending three statements after your account opening date. Purchases may take a few days or more to post to your account depending on the merchant. Purchases made but not yet posted within the three-statement promotional period are not eligible for the bonus. You will earn regular cash back of 3% on purchases at merchants classified as Grocery Stores & Supermarkets after the three-statement promotional period. All other terms of the Manulife Bank Rewards Terms and Conditions that apply to your account continue to apply during this promotional offer. Offer may be changed or extended and cannot be combined with any other offer.
2You will earn 3% cash back on the first $25,000 you spend annually at merchants classified in the Visa network as Grocery Stores & Supermarkets (Merchant Code: 5411). You will earn 2% cash back on the first $25,000 you spend annually at merchants classified in the Visa network as Hotels or Airlines (Merchant Code: 3000-3298, 3501-3833, 4411, 4511, 4722, 7011, 7012). All other purchases earn 1% cash back. The $25,000 annual spending limits will reset to zero on each anniversary of the date you opened your credit card account. Terms, conditions and eligible merchant/merchant categories may change without notice. Cash back is earned on card purchases less returns and not on cash advances, interest, fees, service/transaction charges, balance transfers and payments.
3Insurance is subject to exclusions, limitations, and conditions. Clients should refer to the Certificates of Insurance included with their Cardholder Agreement for complete details on each benefit. Clients should read the Certificates of Insurance then keep the Cardholder Agreement in a safe place with other valuable documents, and take it with them when they travel. Insurance is underwritten by The Manufacturers Life Insurance Company and First North American Insurance Company, a wholly owned subsidiary of Manulife. Manulife, PO Box 670, Stn Waterloo, Waterloo, ON N2J 4B8.
4Visa Infinite General Terms & Conditions: you must be an eligible Visa Infinite cardholder with a valid Visa Infinite Card to take advantage of the Visa Infinite benefits and services. Discounts and benefits are non-transferable and discounts cannot be combined with any other offer or discount. Visa reserves the right to modify or cancel offers at any time and without notice. Neither Visa nor the Issuer is responsible for any claims or damages arising from use of any benefits or services provided by a third party. All offers, benefits and services are subject to complete terms and conditions, including third party suppliers’ terms and conditions (available at visainfinite.ca/infinite/terms.jsp). The Visa Infinite privacy policy (available at visainfinite.ca/infinite/privacy.jsp) applies to all benefits and services that require enrolment through, or are otherwise provided by, the Visa Infinite Concierge or the Visa Infinite website. The collection, use, and disclosure of cardholders’ personal information by third-party suppliers of services and benefits to Visa Infinite Cardholders are subject to such third parties’ own privacy policies.
5You will earn a bonus of an additional 3% cash back, for a total of 5% cash back on the first $2,000 in purchases at merchants classified in the Visa network as Grocery Stores & Supermarkets (Merchant Code: 5411) when those purchases are posted to your account beginning on your account opening date and ending three statements after your account opening date. Purchases may take a few days or more to post to your account depending on the merchant. Purchases made but not yet posted within the three-statement promotional period are not eligible for the bonus. You will earn regular cash back of 2% on purchases at merchants classified as Grocery Stores & Supermarkets after the three-statement promotional period. All other terms of the Manulife Bank Rewards Terms and Conditions that apply to your account continue to apply during this promotional offer. Offer may be changed or extended and cannot be combined with any other offer.
6You will earn 2% cash back on the first $15,000 you spend annually at merchants classified in the Visa network as Grocery Stores & Supermarkets (Merchant Code: 5411). All other purchases earn 1% cash back. The $15,000 annual spending limit will reset to zero on each anniversary of the date you opened your credit card account. Terms, conditions and eligible merchant/merchant categories may change without notice. For residents of Québec only, the terms and conditions are subject to change at any time with 30 days prior written notice. Cash back is earned on card purchases less returns and not on cash advances, interest, fees, service/transaction charges, balance transfers and payments.
Manulife, Manulife Bank & Stylized M Design, ManulifeMONEY+, and Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
*Trademark of Visa Int., used under license
Mortgages rates
Manulife One rates
Interest is calculated on the daily closing balance and posted to your account monthly. When the main account is in a negative balance, interest is compounded monthly, not in advance.
| Variable rate sub-account terms | *APR[%] |
|---|---|
| 5-year open (Manulife One Base rate plus 0%) | 4.45% |
Interest is compounded monthly, not in advance.
Variable Rates change with Manulife One Base Rate and is subject to change without notice.
| Fixed rate sub-account terms | *APR[%] |
|---|---|
| 6-month closed | 4.45% |
| 1-year closed | 3.69% |
| 1-year open | 4.45% |
| 2-year closed | 3.69% |
| 3-year closed | 3.69% |
| 4-year closed | 3.74% |
| 5-year closed | 3.79% |
| 7-year closed | 4.54% |
| 10-year closed | 4.64% |
Interest is compounded semi-annually, not in advance.
*Annual Percentage Rate. See "Cost of borrowing" for more information.
Manulife One fees
Manulife Bank Select rates
| Variable rate terms | *APR[%] |
|---|---|
| 5-year closed (Manulife Bank Prime) | 3.95% |
| 5-year open (Manulife Bank Prime plus 0.80%) | 4.75% |
Interest is compounded monthly, not in advance.
Variable Rates change with Manulife Bank Prime rate and is subject to change without notice.
| Fixed rate terms | *APR[%] |
|---|---|
| 6-month closed | 4.45% |
| 1-year open | 4.45% |
| 1-year closed | 3.69% |
| 2-year closed | 3.69% |
| 3-year closed | 3.69% |
| 4-year closed | 3.74% |
| 5-year closed | 3.79% |
| 7-year closed | 4.54% |
| 10-year closed | 4.64% |
Interest is compounded semi-annually, not in advance.
*Annual Percentage Rate. See "Cost of borrowing" for more information.
Manulife Bank Select Fees
Loan interest rates
Manulife Bank Prime rate is a variable rate and subject to change without notice.
Investment interest rates
Guaranteed Investment Certificates (GICs) rates
Not redeemable before maturity except upon death. Minimum $2,500 investment ($10,000 for monthly rates). For compound interest certificates, use annual rates. Semi-annual and monthly interest available for non-registered certificates only.
Manulife Bank's posted deposit rates are effective for deposit amounts of up to $2 million. For amounts greater than $2 million or for more information, please contact Manulife Bank at 1-877-765-2265 or (fax) 1-877-565-2265.
Tax-free GIC rates
1-5 year locked-in terms, interest compounded annually to maturity. Minimum $2,500 investment. Redemption prior to maturity is subject to market value adjustment and expense recovery fees.
Manulife Bank's posted deposit rates are effective for deposit amounts of up to $2 million. For amounts greater than $2 million or for more information, please contact Manulife Bank at 1-877-765-2265 or (fax) 1-877-565-2265.
Short-term deposits rates
Short-term GICs may be redeemed prior to maturity but interest is forfeited if redeemed within 29 days from issuance. If redeemed on or after 30 days but before maturity, a 1.25% reduction in interest rate will apply. Interest is prorated to the number of days. A $25.00 early redemption fee will also be charged. Refer to the GIC Confirmation for details.
Manulife Bank's posted deposit rates are effective for deposit amounts of up to $2 million. For amounts greater than $2 million or for more information, please contact Manulife Bank at 1-877-765-2265 or (fax) 1-877-565-2265.
Accounts no longer offered for sale
| Account | Interest Rate |
|---|---|
| Founding Members Account | 1.50% |
| Manuplus | Interest Rate |
|---|---|
| $0 - $2,999.99 | 0.00% |
| $3,000 - $9,999 | 1.35% |
| $10,000 - $24,999 | 1.40% |
| $25,000 - $49,999 | 1.45% |
| $50,000 - $99,999 | 1.50% |
| $100,000+ | 1.50% |
Interest is calculated on the closing daily balance and paid monthly. The applicable tier rate is paid on every dollar.
All rates are annual rates unless otherwise stated and are subject to change without notice.
Preferred Rate Mortgage
| Terms | *APR[%] |
|---|---|
| 6-month closed | 4.45% |
| 1-year closed | 3.69% |
| 1-year open | 4.45% |
| 2-year closed | 3.69% |
| 3-year closed | 3.69% |
| 4-year closed | 3.74% |
| 5-year closed | 3.79% |
| 7-year closed | 4.54% |
| 10-year closed | 4.64% |
Annual Percentage Rate (APR) is the total cost of borrowing provided as an annual percentage, which includes our current interest rate and charges such as appraisal costs and legal fees. If there are no charges applicable to a mortgage, such as on a transfer of your mortgage to Manulife Trust, then the APR will be as stated on this page, which is our current interest rate. If charges are included in your cost of borrowing as on a new home purchase then the APR will be slightly higher than stated. Interest is compounded semi-annually, not in advance.
Services and fees
The Advantage Account – A high-interest savings and chequing account
The US Dollar Advantage Account – High-interest savings for your US money
Cash back and travel benefits credit card – A premium cash back credit card
Manulife One – Your all-in-one mortgage and banking account
Manulife Bank Select – A traditional mortgage with flexibility
Investment Loan – Create wealth faster with an investment loan
RRSP Loan – Accelerate retirement savings with an RRSP loan
Line of credit – Get spending flexibility with an Access Line of Credit
Tax-free savings account – Save for any goal with our tax-free savings account (TFSA)
Registered Retirement Savings Plan – Build a secure future with a registered retirement savings plan (RRSP)
Registered Retirement Income Fund – Finance your retirement lifestyle (RRIF)
Guaranteed Investment Certificates – Plan confidently with a guaranteed investment certificate (GIC)
The Business Advantage Account – High-interest savings account for your business
The US Dollar Business Advantage Account – High-interest savings for your US dollars
Manulife One for Business – All-in-one banking and mortgage for your business
Business loans – Specialized lending advice for businesses
Guaranteed Investment Certificates (GIC) – Grow your business with a guaranteed investment certificate