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Manulife after the promo expires - will they try to retain us??
August 19, 2020
3:26 am
smayer97
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Anyone notice that Manulife dropped the interest rate by 0.05% to 2.55%?

Not sure when it happened but I noticed this about 2 weeks ago.

August 19, 2020
6:50 am
dougjp
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smayer97 said
Anyone notice that Manulife dropped the interest rate by 0.05% to 2.55%?

Not sure when it happened but I noticed this about 2 weeks ago.  

Confused.... currently paying 0.250% which doesn't count for anything here. Caused me to log in to my dormant since Oct 2019 account though. sf-confused

August 19, 2020
6:58 am
davidgeorge
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I checked my Manulife account and the rate is 2.55% now (0.25% + 2.3% promotional rate).

August 20, 2020
9:14 am
Bud
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So theres a new manulife promo? link

August 20, 2020
2:37 pm
harbottle
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davidgeorge said
I checked my Manulife account and the rate is 2.55% now (0.25% + 2.3% promotional rate).  

i have 2.70% showing (.25% + 2.45%) atm.

August 20, 2020
6:49 pm
Bud
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called manu bk no current savings only promos

August 20, 2020
11:04 pm
smayer97
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This is for a promo that ran in June, not a new promo ...

5 months at promo rate (there may have been another very similar parallel one too), for those that took advantage of it. But it seems Manulife has been tweaking the rate for those plans. Mine is currently at 0.25% + 2.30%, down from 0.30%, in other words, the BASE changed by 0.05%.

August 21, 2020
12:07 am
Canadianbull
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harbottle said

i have 2.70% showing (.25% + 2.45%) atm.  

Wow,lucky you! How come your promo rate is 2.45%? They only offered 2.30% in may.

Is there a new promo link?

August 21, 2020
8:56 am
Londonguy
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Canadianbull said

Wow,lucky you! How come your promo rate is 2.45%? They only offered 2.30% in may.

Is there a new promo link?  

There were two different programs -- one began at 2.60% with a 150-day expiry whereas the second was a 2.75% promo that expires after 4 months

August 22, 2020
2:07 pm
harbottle
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Canadianbull said

Wow,lucky you! How come your promo rate is 2.45%? They only offered 2.30% in may.

Is there a new promo link?  

It was .30% + 2.45% promo = 2.75% when I first opened it.
Capped at $100K as well.

Was just lucky I guess. My Tangerine promo was ending so was searching for somewhere else to park.Advantage.details.JPG

August 22, 2020
7:44 pm
Canadianbull
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Londonguy said

There were two different programs -- one began at 2.60% with a 150-day expiry whereas the second was a 2.75% promo that expires after 4 months  

I signed up for 2.60%. Now its 2.55% until October 15th.

August 23, 2020
11:18 am
Londonguy
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Canadianbull said

I signed up for 2.60%. Now its 2.55% until October 15th.  

That's the one I went with as well. It was at a lower rate but had an extra month of term, and it also had a higher deposit cap of $250K. Mine runs until Oct 19.

IIRC the 2.75% deal was initially capped at $100K. The cap was later lowered to $50K, but only for deposits made after the change, so if you were already in, at least you didn't get screwed

August 23, 2020
3:07 pm
Canadianbull
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I hope by October I find another good deal.

September 1, 2020
7:47 am
Londonguy
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As of this morning it appears that Manulife's base rate for Advantage accounts has dropped another 5 bps to 0.20%, so the effective promo rates have been reduced to 2.65% and 2.50% respectively

September 1, 2020
10:30 am
smayer97
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thanks for the heads-up.

Only good for another 4-7 weeks depending on ones own end date, another rate change notwithstanding.

September 16, 2020
12:59 pm
smayer97
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Seems like Manulife dropped the rate another 5 basis points to 0.15%.

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