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Manulife Bank
August 28, 2011
5:16 pm
AL
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Hi I'm just curious why Manulife Bank is not included in the comparison charts.

They're at 1.75% right now & they're 100% CDIC. Is that still not competitive enough?

Thanks!

August 29, 2011
6:58 am
Peter
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Hi,

It has its own forum:

https://www.highinterestsavings.ca/forum/manulife-bank

It used to be on the chart, then was removed due to an uncompetitive rate, then was re-considered for addition again (and not added). We're certainly open to more discussion as to why it should or shouldn't be re-added.

August 29, 2011
6:59 am
Peter
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Note: I'm now moving this thread to the Manulife forum.

August 29, 2011
11:35 am
AL
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Hi Peter,

Thanks for the response!

I have all my savings parked at Manulife because it's got the best savings rate among the Big Six (well Big Seven).

That is before I found this website. I'm now considering moving at least a good portion over to Hubert or another bank that's on the chart.

Thanks!

August 29, 2011
4:11 pm
Doug
British Columbia, Canada
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Hi Peter,

I was previously one of the opponents to having Manulife's account added to the "chart" due to uncompetitive rates and/or it being an "all-in-one" chequing/savings/mortgage account. However, with their Advantage Savings Account being separate from the Manulife All-in-One account, coupled with it offering rates better than ICICI Bank, ING Direct and PC Financial, I am now in favour of re-adding (or adding, as the correct case may be) Manulife Advantage Savings Account.

Separately, with the distinction in the "chart" of those offering Internet banking facilities, I have moved from "opposed" to "neutral" to adding Bridgewater's high-interest savings account, if there is support for it to be added. My preference remains to remove Peoples Trust from the chart due to no Internet banking facilities; however, if that's not going to happen, Bridgewater should be added out of fairness.

Cheers,
Doug

September 5, 2011
6:17 pm
Peter
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Thanks all. I've added Manulife to the chart now. Be careful if you're using it for anything other than a savings account: most transactions other than deposits and transfers to other banks have an associated fee (see http://www.manulife.ca/canada/.....es_deposit).

September 7, 2011
6:59 am
NorthernRaven
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As far as I can see, you can't open an account directly - you have to go through a financial advisor.

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