Reduce risk and stay flexible

If you want to reduce investment ups and downs inside your registered retirement savings plan (RRSP) and keep your money accessible, choose an account that pays a high interest rate with the flexibility to deposit and withdraw whenever you want with no processing fees.

Our Registered Advantage Account gives you:

  • A high interest rate on every dollar you invest
  • No taxes on interest earned until you withdraw your money
  • No minimum investment

Registered Advantage Account rate1

Is our Registered Advantage Account right for you?

Yes, if you:

  • Want to invest within an RRSP
  • Want your money to stay safe and keep growing
  • Don’t want your money locked-in
Kid painting.

Benefits of our Registered Advantage Account


Our Registered Advantage Account offers a high interest rate on all your money:

Registered Advantage Account rate1


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

  • Transferring money from your account at another financial institution
no charge
  • Mail in a cheque
no charge
  • Transferring money to your account at another financial institution
no charge
  • Registered fund transfer
no charge

Additional services such as an Official Cheque (in lieu of a certified cheque) are also available. Please review our Services and Fee Guide for a complete list of all services and associated fees.

Fees are subject to change with at least 30 days of prior written notice. If you don’t receive paper statements, you can find all fee information online.


Retirement savings calculator

Whatever you have in mind for retirement, see what you need to save to hit your goals.


There are three ways you can deposit money into your Registered Advantage Account. You can link an account from another bank and transfer funds, you can mail us a cheque, or you can ask your advisor to make your deposit for you. There are no fees for deposits.

In general, you should avoid withdrawing your retirement savings before you retire. However, if you need access to your money in an emergency, or if you are taking advantage of the Home Buyers’ Plan to buy a home or the Lifelong Learning Plan to pay for education, there are two ways you can withdraw money from your Registered Advantage Account. You can link an account from another bank and transfer funds or you can ask us to write you a cheque. There are no processing fees for withdrawals but withholding tax applies if withdrawal is not made as part of the Home Buyer's Plan or Life Long Learning Plan

If you're already a Manulife Bank customer, you can open an RRSP online. Simply sign into online banking, then select open an RRSP in the left-side column. You'll be prompted to answer a couple questions, and your account will be set up right away.

If you don't have an account with us yet, you'll need to speak to your advisor. You can find an advisor here or send us an email with your request and your postal code and we'll help you find an advisor in your area.

You may also like

Red rain boots.

Tax-Free Advantage Account

Enjoy a high interest rate and flexibility within your Tax-Free Savings Account (TFSA). The Tax-Free Advantage Account has no minimum investment, and no fees for set-up, maintenance, deposits or withdrawals. 

Couple holding hands.

Retirement Income Advantage Account

Convert your retirement savings into a steady stream of income to help support you in retirement. Held within your registered retirement income fund (RRIF), the Retirement Income Advantage Account has no fees for set-up, maintenance or withdrawals. 

Couple sitting on floor.

Get a high interest rate with guaranteed investment certificates (GIC)

 If you don’t need to access your money in the near future, consider a short-term deposit or long-term GIC. Choose a term between 30 days and 5 years – in general, the longer the term, the higher your interest rate.