Registered Retirement
Savings Plan

Believe in your dreams.

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A Manulife Bank RRSP can help you create a retirement nest egg

What’s your retirement dream? Whether you want the adventure and excitement or peace and relaxation, we all need a plan to make those dreams a reality.

Reduce investment ups and downs inside your registered retirement savings plan (RRSP) with high interest for your cash savings, or guaranteed investment certificates (GICs) in a Manulife Bank RRSP.

Registered Advantage Account rate1

Benefits of an RRSP

RRSP investment options

Rates and fees


Registered Advantage Account

Registered Advantage Account rate1

Long-term GICs

Short-term GICs


With our Registered Advantage Account, there are no fees to open an account, make deposits, or withdraw funds.

No fees for long-term GICs.

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. Interest is calculated daily on the total daily balance and paid monthly. Rates are subject to change without notice.



Your annual contribution limit is 18% of your earned income last year to a maximum dollar amount set by the Canadian government, which changes every year, plus any unused contribution room from previous years. To find out how much contribution room you have, visit the Canada Revenue Agency’s My Account website, MyCRA mobile app or Tax Information Phone Service at 1-800-267-6999.

There are three ways you can deposit money into your Registered Advantage Account:

  • Link an account from another Canadian bank and transfer funds,
  • Mail us a cheque,
  • Ask your advisor to make your deposit for you.

There are two ways to buy GICs for your Manulife Bank RRSP:

  • If you already have a Manulife Bank account, call us at 1-877-765-2265 and we can take your request over the phone
  • If you’re new to Manulife Bank, reach out to your advisor (or find a local advisor if you don’t already have one!)

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Save for any goal with a tax-free savings account (TFSA)

Build your savings faster in 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.

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Get flexibility with a high-interest savings and chequing account

Earn the same high interest on every dollar of your combined savings and chequing Advantage Account, and get free unlimited everyday transactions when you keep a balance of just $1,000.

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Accelerate your retirement savings with an RRSP loan

Whether you want to maximize this year’s contribution or take advantage of contribution room you’ve accumulated, an RRSP loan gets more money growing tax-deferred towards your retirement goals.