2023-2024 Tax-Free and Registered Advantage Account Offer - 5.50% | Manulife Bank | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Feed Topic RSS sp_TopicIcon
2023-2024 Tax-Free and Registered Advantage Account Offer - 5.50%
December 7, 2023
8:53 am
hwyc
GTA
Member
Members
Forum Posts: 1240
Member Since:
September 30, 2017
sp_UserOfflineSmall Offline

5.50% promotional interest is for new deposits to Tax-Free Advantage Accounts and Registered Advantage Accounts. The promotional interest rate is made up of the regular posted variable annual interest rate of 2.10% and the variable annual promotional rate of 3.40%. Interest is calculated daily and paid monthly from December 1, 2023 to April 30, 2024 on net new deposits to the account received from December 1, 2023 to March 15, 2024 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 and rates are as at December 1, 2023 and subject to change without notice. See the full Terms and Conditions for more information.

Currently 5.50% from 2.10% regular + 3.40% promo

December 7, 2023
8:49 pm
RetirEd
Member
Members
Forum Posts: 1129
Member Since:
November 18, 2017
sp_UserOfflineSmall Offline

hwyc:

Any change to the regular interest rate will result in a corresponding change to the promotional interest rate.

This sounds like they are saying that, if the regular rates fall, the promotional rates will increase to keep the total interest constant.

Is that so?

RetirEd

Please write your comments in the forum.