Autumn 2023 - new account 5.25% on net new deposit | Manulife Bank | Discussion forum

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Autumn 2023 - new account 5.25% on net new deposit
October 24, 2023
6:25 am
hwyc
GTA
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Autumn 2023 - new account earn 5.25% (2.85% regular +2.40% promo) on net new deposit

(the “Offer Period”) between October 18, 2023 and December 15, 2023

The Promotional Interest will be calculated daily and paid monthly beginning on the date the account is opened and continuing 120 days (“Promotional Period”) on Eligible Deposits made during the Promotional Period.

October 24, 2023
6:37 am
COIN
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hwyc said
Autumn 2023 - new account earn 5.25% (2.85% regular +2.40% promo) on net new deposit

(the “Offer Period”) between October 18, 2023 and December 15, 2023

The Promotional Interest will be calculated daily and paid monthly beginning on the date the account is opened and continuing 120 days (“Promotional Period”) on Eligible Deposits made during the Promotional Period.
  

Historically, they require a new account even for existing clients. This segregates new deposit so they are not co-mingled with "old" money.

October 28, 2023
5:31 pm
victor6433
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December 12, 2020
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Doing this on the Dec 14th... If nothing comes up better after Jan 31.. Just in case...

October 29, 2023
8:59 pm
rebel88
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Currently I am on their previous 5% promotion. Would I be able to close that account and open a new Manulfe savings account for the 5 1/4% without any difficulties? With a new account the money I deposit should be considered new money and not old money. Thanks

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