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2.0% promo on new advantage accounts
May 6, 2021
12:38 pm
mustang
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Whilst poking around my Manulife account, ran accross promo they are running:
New advantage account 2.0% for 4 months
(available to existing customers)

May 6, 2021
1:06 pm
canadian.100
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mustang said
Whilst poking around my Manulife account, ran accross promo they are running:
New advantage account 2.0% for 4 months
(available to existing customers)  

Thanks. Did not notice. Manulife is very secretive.

May 6, 2021
1:48 pm
Alexandra
British Columbia
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I am not a client of theirs. Too much hassle opening yet another account for just 4 months interest on a maximum deposit of $50K.

May 6, 2021
1:49 pm
davidgeorge
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I logged into my account but can't find the 2% promotion.

May 6, 2021
1:58 pm
mustang
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Alexandra said
I am not a client of theirs. Too much hassle opening yet another account for just 4 months interest on a maximum deposit of $50K.  

Maximum is 250K

May 6, 2021
2:55 pm
Alexandra
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I can't see that Mustang. Can't find it. When I went in to Manulife HISA it said effective April 27th 2% new clients max $50K Maybe i'm looking in wrong place?

May 6, 2021
4:38 pm
smayer97
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I see it when I go to create a new Advantage account. 2% for 4 months on up to $250K.

Thanks for the heads up mustang.

May 6, 2021
4:40 pm
mustang
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davidgeorge said
I logged into my account but can't find the 2% promotion.  

Try clicking on advantage account, under Open a New Account

May 6, 2021
4:43 pm
Brimleychen
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The link for new account
https://client.manulifebank.com/edo/#/productCatalogue/BANK_ID=MNL&LANG_ID=001

Here is fine print:
2.00% promotional rate is for new deposits to a new personal, non-registered, Canadian-dollar Advantage Account. The promotional interest rate is made up of the regular posted annual variable interest rate of 0.15% and the variable annual promotional rate of 1.85%. Interest is calculated daily and paid monthly beginning on the date of application and continuing 120 days (4 months) on net new deposits to a maximum of $250,000. Any change to the regular interest rate will result in a corresponding change to the promotional interest rate. The offer is limited to one account per client and cannot be combined with other offers. The offer and rates are as of April 19, 2021 and subject to change without notice.

May 7, 2021
6:33 am
davidgeorge
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mustang said

Try clicking on advantage account, under Open a New Account  

Thank you. I opened an account with 2% interest.

May 7, 2021
6:52 am
GR
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Thanks mustang for your initiative in uncovering this hidden offer and for sharing it.

May 7, 2021
7:24 am
JPenterprise
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Great find mustang! Thanks for sharing.

May 7, 2021
8:38 am
savemoresaveoften
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This is a great find as it is almost hidden in their website !

May 7, 2021
9:41 am
julio
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Thank you!

May 7, 2021
10:08 am
Alexandra
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Thanks again Mustang. I transferred funds from CT & Wealth One today. Hopefully will open the account with Manulife on Wednesday.

May 7, 2021
4:24 pm
Dean
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canadian.100 said

Thanks. Did not notice. Manulife is very secretive.  

davidgeorge said

I logged into my account but can't find the 2% promotion.  

GR said

Thanks mustang for your initiative in uncovering this hidden offer and for sharing it.  

savemoresaveoften said

This is a great find as it is almost hidden in their website !  

It's amazing that an FI would make such an offer so hard to find ❗

Someone at Manulife needs to be given . . .

      Dean

sf-cool " Live Long And Prosper " sf-cool

May 7, 2021
6:42 pm
COIN
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Opening a new account for each promotion is their SOP (standard operating procedure). I was told this avoids commingling new money with old money.

Question: Is it correct to say that the 4 month period starts from the date you open the new account and not an earlier date?

May 7, 2021
8:08 pm
mustang
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The 4 month period starts from date of first deposit into new account

May 7, 2021
8:29 pm
GR
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mustang said
The 4 month period starts from date of first deposit into new account  

Have you seen anything to substantiate the start date you indicate? My understanding from their fine print and from their previous promos is that the 120 days starts on the date the new account is opened, not the date of the first deposit.

"...on the date of application and continuing 120 days..."

May 8, 2021
5:05 am
savemoresaveoften
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GR said

Have you seen anything to substantiate the start date you indicate? My understanding from their fine print and from their previous promos is that the 120 days starts on the date the new account is opened, not the date of the first deposit.

"...on the date of application and continuing 120 days..."  

Agreed its more logical its from opening day and not first deposit date. Much easier for Manulife to process and control...

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