Build your savings and keep your money accessible
You work with your advisor to manage your other investments – why not your cash as well? Available exclusively through advisors, the investment savings account pays a high interest rate and gives you easy access to your money with no maturity dates.
Our investment savings account (ISA) lets you:
- Earn a high interest rate
- Build your savings securely
- Stay flexible
Is our investment savings account right for you?
Yes, if you:
- Want to work with an advisor
- Want to keep your money accessible
- Want to build a rainy-day fund
Investment savings account benefits
ISA for CAD
For CAD deposits 1
ISA for US
For USD deposits *1
Manulife Bank does not charge any fees on our ISAs.
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.
*Only deposits held in Canadian currency, having a term of five years or less and payable in Canada are eligible to be insured under the Canada Deposit Insurance Corporation Act.
Yes, your investment savings account can be held within a variety of registered and non-registered accounts managed by your advisor, including your:
- Tax-Free Savings Account (TFSA)
- Registered Retirement Savings Plan (RRSP)
- Registered Retirement Income Fund (RRIF)
- Deferred Profit Sharing Plan (DPSP)
- Life Income Fund (LIF)
- Locked-in Retirement Income Fund (LRIF)
- Prescribed Registered Retirement Income Fund (PRIF)
- Registered Education Savings Plan (RESP)
No, an investment savings account does not have bank account features such as chequing, ABM withdrawals, debit purchases and client-initiated online transactions. Transactions must be executed by your advisor, fees may apply.
No, you can only hold an investment savings account within a dealer account (also known as a “nominee name” or ‘on-book” account), which is a trust account offered through an advisor.
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Save with tax advantages in a tax-free savings account (TFSA)
Build your savings faster within an account that doesn’t tax the growth on your investments and doesn’t tax withdrawals. A TFSA can help you save towards a major purchase, a new home, your retirement or a “rainy day” emergency fund.
Build a secure future with a registered retirement savings plan (RRSP)
Get a tax-deduction for your eligible contribution and enjoy tax-deferred investment growth as long as your money remains inside your RRSP. When you’re ready to retire, you can withdraw your money – taxed at what will likely be a lower rate – to help support your retirement lifestyle.
Finance your retirement lifestyle with a registered retirement income fund (RRIF)
Your money keeps growing tax-deferred as long as it stays within your RRIF. Every year, you must withdraw a minimum, taxable amount, which you can use to help pay living expenses in retirement.