Looks like there's a new promo for Manulife group benefits users who open an Advantage Account between July 26, 2019 and September 10, 2019.
Technically it's a fixed 1.60% promotional rate added on top of the non-fixed base rate of 1.25% to make up 2.85%.
Here's an excerpt from the terms:
2.85% promotional rate is for 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 1.25% and the variable annual promotional rate of 1.60%. Interest is calculated daily and paid monthly on net new deposits for the first 150 days (5 months) after account opening to a maximum of $100,000. 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.
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