Get Manulife Bank’s best rates for high-interest bank accounts, mortgages, credit cards, loans, GICs, and short-term deposit investments.
| Account | Interest Rate |
|---|---|
| High-Interest Savings Account* | 0.15% |
| Everyday Banking Account | 0% |
| Secured overdraft** | 15% |
*Interest is calculated on the closing daily balance and paid monthly. Rate subject to change without notice.
**As at June 9, 2019, the Annual Interest Rate for the secured overdraft is 15%. It is calculated on the total daily closing balance and charged monthly. Rates are subject to change without notice.
| Account | Interest Rate |
|---|---|
| Advantage Account | 0.15% |
| Business Advantage Account | 0.45% |
| Tax-Free Advantage Account | 0.15% |
| Registered Advantage Account | 0.15% |
| Retirement Income Advantage Account | 0.15% |
| US$ Advantage Account | 0.20% |
| US$ Business Advantage Account | 0.20% |
Interest is calculated on the closing daily balance and paid monthly. Rate subject to change without notice.
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.
1 You 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.
2 Only the Primary Cardholder may request a balance transfer. The promotional 1.99% annual interest rate (AIR) applies to any credit card balance transfer the client makes within 90 days of their account opening date, and will remain in effect for 180 days (6 months) from the transfer date. After the promotional period, the 1.99% rate on any promotional balances (including balances that remain unpaid after the offer ends) will increase to the regular interest rate for balance transfers. Interest applies from the date a transfer(s) is posted to the new Manulife Bank Credit Card Account. Balance transfers are subject to credit availability, must be repaid, and are administered according to the terms of the Cardholder Agreement. Balances transferred may only be used to pay a balance on a Canadian financial institution issued consumer credit card account that Manulife Bank approves. Balance transfers will be fulfilled in the order (the client/you) requested them and in accordance with the Cardholder Agreement. The total value of balance transfers cannot exceed the authorized credit limit on the credit card account. If the total value is greater, Manulife Bank may have to send only a partial payment to the last designated account / named creditor. A transaction fee equal to 1% of the dollar amount of each balance transfer the client requests will be applied. This offer cannot be used to transfer a balance from another Manulife account, or to make a payment or deposit to another Manulife account. No cash back rewards will be earned on the balance transfer. Offer may be changed or extended at any time.
3 You 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.
4 Your ManulifeMONEY+ Visa Infinite annual card fee of $99 will be waived in the first year only based on your account opening date.
5 You 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.
6 You 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
| Manulife Bank Prime rate | |
|---|---|
| Manulife Bank Prime rate is a variable rate and subject to change without notice. | 2.45% |
| Manulife One | |
|---|---|
| Manulife One Base Rate | 3.05% |
| Interest rate for positive balances | 0.15% |
| Manulife Bank Select | |
|---|---|
| Manulife Bank Select bank account rate | 0.15% |
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%) | 3.05% |
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 open | 3.45% |
| 1-year closed | 3.24% |
| 2-year closed | 2.89% |
| 3-year closed | 2.89% |
| 4-year closed | 2.89% |
| 5-year closed | 2.79% |
| 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
| Variable rate terms | *APR[%] |
|---|---|
| 5-year closed (Manulife Bank prime + 0.50%) | 2.95% |
| 5-year open (Manulife Bank prime + 1.00%) | 3.45% |
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 | 3.45% |
| 1-year closed | 3.24% |
| 2-year closed | 2.89% |
| 3-year closed | 2.89% |
| 4-year closed | 2.89% |
| 5-year closed | 2.79% |
| 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
| Manulife Bank Prime rate Manulife Bank Prime rate is a variable rate and subject to change without notice. |
2.45% |
| RRSP loans Standard RRSP loan |
2.95% |
| Line of credit Access Line of Credit/Plus |
3.45% |
| 100% investment loan | |
|---|---|
| Up to $100,000 | 3.45% |
| $100,000+ | 3.20% |
| Principal and interest payments | 3.20% |
| Multiplier investment loan | |
|---|---|
| Up to $100,000 | 3.45% |
| $100,000+ | 3.20% |
| Principal and interest payments | 3.20% |
Manulife Bank Prime rate is a variable rate and subject to change without notice.
Guaranteed Investment Certificates (GIC) 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 GIC 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.
| For Canadian dollar deposits1 | 0.15% |
| For U.S. dollar deposits1 | 0.25% |
1 Interest is calculated on the closing daily balance and paid monthly. Rates are subject to change without notice. Manulife Bank is a member of the Canada Deposit Insurance Corporation (CDIC), which means your deposits are eligible for CDIC deposit insurance protection. Visit cdic.ca for information on eligible deposits.
Accounts no longer offered for sale
| Account | Interest Rate |
|---|---|
| Founding Members Account | 0.15% |
| Manuplus | Interest Rate |
|---|---|
| $0 - $2,999.99 | 0.00% |
| $3,000 - $9,999 | 0.05% |
| $10,000 - $24,999 | 0.05% |
| $25,000 - $49,999 | 0.10% |
| $50,000 - $99,999 | 0.15% |
| $100,000+ | 0.15% |
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 open | 3.45% |
| 1-year closed | 3.24% |
| 2-year closed | 2.89% |
| 3-year closed | 2.89% |
| 4-year closed | 2.89% |
| 5-year closed | 2.79% |
| 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.
Manulife All-In Banking Package: unlimited banking, high-interest savings, a no-fee credit card, travel insurance, and more!
The Advantage Account: a combined high-interest savings and chequing account.
The US Dollar Advantage Account: high-interest savings for your US money.
ManulifeMONEY+ Visa Platinum credit card: cash back rewards, purchase protection, and no annual fee.
ManulifeMONEY+ Visa Infinite credit card: accelerated cash back rewards, travel benefits, and exclusive premium perks.
Manulife One: your all-in-one mortgage and banking account.
Manulife Bank Select: a flexible, traditional mortgage with a high-interest bank account.
Investment Loan: create wealth faster with an investment loan.
RRSP Loan: accelerate your retirement savings with an RRSP loan.
Line of credit: get spending flexibility with an Access Line of Credit.
Tax-Free Savings Account (TFSA): save for any goal with a high-interest Tax-Free Avantage Account or guaranteed investment certificates (GICs).
Registered Retirement Savings Plan (RRSP): build a secure future with a high-interest Retirement Avantage Account or GICs.
Registered Retirement Income Fund (RRIF): finance your retirement lifestyle with a high-interest Retirement Income Avantage Account or GICs.
Guaranteed Investment Certificates: plan confidently with short-term and long-term GICs.
Business Advantage Account: high-interest savings account for your business savings.
US Dollar Business Advantage Account: high-interest savings for your business' idle US cash.
Manulife One for Business: all-in-one banking and mortgage for your business
Business loans: specialized lending advice for your business.
Guaranteed Investment Certificates (GICs): grow your business with short-term and long-term GICs.