Enjoy a high interest rate and flexibility

If you want anytime access to the money in your tax-free savings account (TFSA), choose an account that pays a high interest rate with the flexibility to deposit and withdraw whenever you want with no fees.

Our TFSA gives you:

  • A high interest rate on every dollar you invest
  • No taxes on interest earned or withdrawals2
  • No minimum investment

Tax-Free Advantage Account rate1

Is our Tax-Free Advantage Account right for you?

Yes, if you:

  • Are at least 18 years old
  • Want to invest within a TFSA
  • Don’t want your money locked-in
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Benefits of a TFSA


Our Tax-Free Advantage Account offers a high interest rate on all your money:

Tax-Free Advantage Account rate rate1


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

Services Fees
Transferring money from your account at another financial institution no charge
Mail in a cheque no charge
  Services Fees
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.

All fees are presented on a per item basis, unless otherwise stated.


Tax-free savings calculator

Figure out how much your money grow can grow with a TFSA, compared to taxable accounts.


There are three ways you can deposit money into your Tax-Free 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.

There are two ways you can withdraw money from your Tax-Free 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 fees for withdrawals.

If you're already a Manulife Bank customer, you can open an TFSA online. Simply sign into online banking, then select open an TFSA 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.

Consider also

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Registered advantage account

Reduce investment ups and downs and keep your money accessible within your registered retirement savings plan (RRSP). The Registered Advantage Account has no minimum investment, and no fees for set-up, maintenance, deposits or withdrawals. Keep in mind that withdrawals from an RRSP are taxable so we may withhold an amount for taxes when you withdraw.

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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. 

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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.