Manulife Personal Advantage Account Interest Offer - Fall 2025 | Manulife Bank | Discussion forum

Hmm, not that I have a problem with it, however, Manulife's base rate moves with the BoC, so 4.75% today, is ... tomorrow. Still a great find though and much appreciated!

https://onboarding.manulifebank.ca/journey/customer/product-selection

COIN said
"4.75% 120 days from new account opening between September 10, 2025 and November 21, 2025"

So, an existing client should open a new Advantage account and that will qualify for the 4.75%? Is there a maximum limit on how much one can deposit?  

According to the T&C, the maximum is $500,000.

COIN said

Thanks. I guess ManuLife Bank is good for the $500,000 (which exceeds the CDIC gurantee). Yes, no?  

Yes, it's not some fly-by-night operation, more an insurance company operating a bank. It was founded as The Manufacturers Life Insurance Company in 1887.

COIN said

Thanks. I guess ManuLife Bank is good for the $500,000 (which exceeds the CDIC gurantee). Yes, no?  

Check their reviews. Some are not that good. And my closest adviser shows her “home” as her place of business. Tacky.

JohnnyCash said

According to the T&C, the maximum is $500,000.

Fine print:

^* 4.75% promotional rate is for net new deposits to 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 1.75% and the variable annual promotional rate of 3.00%. Interest is calculated daily and paid monthly beginning on the date the account is opened and continuing 120 days (4 months) on net new deposits to a maximum of $500,000. Once the promotional period ends, the account will begin earning the variable interest rate of 1.75%. 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. The offer and rates are as of September 10, 2025 and subject to change without notice.

Full terms and conditions are at Personal Advantage Account Interest Offer – Fall 2025.

Don't move the new funds in through an existing Manulife Bank account:

… Subject to the limits and qualifications outlined in these terms and conditions, Manulife Bank will pay the Promotional Interest on Net New Deposits made during the Promotional Period, up to a cumulative total of $500,000 (“Eligible Deposits”) into your Eligible Account during the Promotional Period. … Net New Deposits are funds from an external source and cannot be transferred from an existing Manulife Bank account. All funds held by the client in existing Manulife Bank account(s) on September 9, 2025, will not count as Eligible Deposits. …

"Any change to the regular interest rate will result in a corresponding change to the promotional interest rate."

Does this mean if the regular rate goes down by .25% then the promo interest rate will go up .25% so as to maintain the 4.75% rate for 120 days?

Lodown said
"Any change to the regular interest rate will result in a corresponding change to the promotional interest rate."

Does this mean if the regular rate goes down by .25% then the promo interest rate will go up .25% so as to maintain the 4.75% rate for 120 days?  

The T&C clearly state and provide an example showing that any change in the regular interest rate will effect the total promotional rate on offer. Sometimes it's to our benefit, other times not so much.

Does this offer apply to existing Manulife Bank customers who already have a personal, non-registered Canadian-dollar Advantage Account?

In other words, if I open another new Advantage account today, would that new account still qualify for this offer, despite me already having an Advantage account prior to this offer?

When asked, use existing Manulife ID instead of creating a new Manulife ID.

New Advantage account will be added to the existing sign in. One can pull funds from previously linked external accounts into the new Advantage account.

rhvic said

I have done battle with them twice to get the higher rate on funds which I first moved into my existing account. They did eventually agree, but it was a lengthy battle.  

It happened twice?