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Existing Manulife Advantage Account at 1%?
April 18, 2022
3:17 am
BlueSky
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Curious. Not very significant these days, Manulife online banking shows the interest rate on my account (opened for last year's promo) less than a dollar balance at 1%. Their new Advantage Account opening rate is still at 0.15%. No new promo was displaying on their site.

April 18, 2022
4:30 am
canadian.100
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1% is the correct rate for the Manulife Bank Advantage Acct - a combined chequing and savings acct. Their GICs are competitive from 1yr 2.50% to 5 yr 3.66%.
Manulife is close to major bank status, rated around A+ so they don't need to pay Oaken (its parent Home Group is rated somewhere near B) type rates.

April 18, 2022
6:59 am
hwyc
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Quite sure it is a rate hike - 0.85%. It was 0.15% ...before the long weekend.

April 18, 2022
7:12 am
COIN
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So, no Manulife Bank promo so far this year?

April 18, 2022
8:44 am
BlueSky
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COIN said
So, no Manulife Bank promo so far this year?  

For the time being, seems like it. I thought of checking their accounts page this morning following the 1% rate "discovery". By all accounts, over 600% rate hike sf-wink

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