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Manulife Advantage Account : This might be the most useful savings account in Canada
April 19, 2018
10:40 am
Top It Up
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Well, that's according to the Globe and Mail's Rob Carrick -

https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-this-might-be-the-most-useful-savings-account-in-canada/

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They still have this nasty proviso to entry -

Opening a bank account

To open either of these accounts, simply contact your financial advisor. If you don't have a financial advisor, we can help you get the professional advice you need to make well-informed choices about your financial future.

April 19, 2018
4:43 pm
file
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It seems as though you can get the Advantage account by just filling out the application online.

I'm confused on what group of people they are trying to get though. It's a weird mix between a top 5 and an online bank with its $1k minimum balance for no fees and the interest rate.

April 20, 2018
7:24 am
penniesfromheaven
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The big catch for me is when the promo ends the rate goes back down to 1.25%.

April 30, 2019
8:46 am
-bsv-
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penniesfromheaven said
The big catch for me is when the promo ends the rate goes back down to 1.25%.  

Well I don't think this is a big catch, considering that most of the banks do so. As of now, all of them who provided customers recently with such rates did that - CIBC, RBC, Tangerine, Scotia.

The catch is to know when the period is over, as, for example, darn RBC does not say so in the account properties, while Tangerine, does.

April 30, 2019
8:53 am
Doug
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-bsv- said

Well I don't think this is a big catch, considering that most of the banks do so. As of now, all of them who provided customers recently with such rates did that - CIBC, RBC, Tangerine, Scotia.

The catch is to know when the period is over, as, for example, darn RBC does not say so in the account properties, while Tangerine, does.  

This is an old thread. Please reply to this thread.

Perhaps, Peter, we could lock this old thread now that a new thread has been started and you've merged some posts from this thread into that one? sf-cool

Cheers,
Doug

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