The fine print doesn't say I have to continue to maintain my July 1 Manulife Bank account balances.

Norman1 said

rebel88 said

However, since you opened a new account to qualify for the 3% offer, can you slowly transfer what you have in your original advantage account to another financial institution? Or does Manulife keep track of all your funds thereby disallowing the 3% in your new second account once you transfer your funds from your first account?

While transferring funds into the new Advantage account from external accounts, I reduced the balance of my earlier Advantage account by debit card spending, bill payments, and ATM withdrawals. There was no reduction in the promo interest paid for July.

July 1½% promo interest was within ½¢ of what I calculated and matched the regular 1½% interest paid. Consequently, the entire balance of the new Advantage account was considered to be "Eligible Deposits".  

That's interesting as the T&C's state:
" All funds held by the client in existing Manulife Bank account(s) on July 1,
2026, will not count as Eligible Deposits. "
So they're not enforcing it, or the workaround is to move the funds out to an external account?

rebel88 said

However, since you opened a new account to qualify for the 3% offer, can you slowly transfer what you have in your original advantage account to another financial institution? Or does Manulife keep track of all your funds thereby disallowing the 3% in your new second account once you transfer your funds from your first account?

While transferring funds into the new Advantage account from external accounts, I reduced the balance of my earlier Advantage account by debit card spending, bill payments, and ATM withdrawals. There was no reduction in the promo interest paid for July.

July 1½% promo interest was within ½¢ of what I calculated and matched the regular 1½% interest paid. Consequently, the entire balance of the new Advantage account was considered to be "Eligible Deposits".

Markus said
Just signed up for the new advantage account promo(my 7th). Interest rate on the new account is showing 1.5%, like the other 6. It has always shown the promo rate in account details, but not this time. Anyone else signed up?  

Markus:

I created my second Manulife Advantage Account (AA) in July (to take advantage of the 730 day promo interest rate offer of 3.00%, at least initially). My due diligence was having a chat with a Manulife representative to confirm that my second AA qualified for this new promotional offer prior to me transferring cash to this new account. They confirmed it did qualify. Like you , account details shows an interest rate of 1.50%.
Manulife has poor functionality to create a transcript of your chats, but I cut and pasted the necessary bits to suffice for my audit needs. Indeed, on August 1, backdated to July 31 there were two separate postings of "Interest Deposit" and "Promo Interest Deposit" each compromising interest calculated at 1.50%.

It seems like it would be relatively easy for them to advertise their high rate, but nonetheless I received my 3.00% interest rate for July within a few cents of my calculations.

Top Dogg said

Hi,

Thanks for the reply. I received the same email as well. I guess this is Tangerine's new way of doing business? So maybe they're eliminating the promotional interest rate offers all-together and going with this new 'Tiered' approach which is based on the amount of funds you have in your Tangerine Savings Account.  

No, like Monopoly you have the pleasure of being sentenced and banished for a predetermined amount of time. "Go directly to Jail. Do not pass Go. Do not collect $200" . Once your sentence has been served you'll be eligible for the Tangerine Lottery once more. In the meantime you'll get the lower tiered rates.

RetirEd said
My primary point above is that:

The overwhelmingly vast majority of Canadians have zero stake in bank profits.
In fact, more that half of Canadians have zero savings, let alone investments.

And...If there's no ATM around for your institution, you face the fees.  

That may be true for banks but CU members have a stake in CU profits, at least indirectly through presumably more competitive rates. I would think most members should thus welcome efforts to reduce costs (service levels) rather than be distressed about them....which is what is happening in this case.

Jim Sherat said
Just wondering if there's a way to setup Two Factor Authentication on my Advantage Account ... if there is, I don't see an option on the website.
Note: I only use a desktop / laptop to do online banking, so if it's a Mobile App thing i wouldn't see that. Thanks.

On the website you can click on your name on the top right and you see on the menu "Manage Manulife ID". Click on it and it will bring you to a new page where you see the option Security.
After filling it up, the website will ask you time to time for a code before login you in. You can also add a passkey if you prefer.

Jim Sherat said
Just wondering if there's a way to setup Two Factor Authentication on my Advantage Account ... if there is, I don't see an option on the website.
Note: I only use a desktop / laptop to do online banking, so if it's a Mobile App thing i wouldn't see that. …

Two-factor authentication is on the Manulife ID, under "Manage your Manulife ID". There, one can update the e-mail address, 10-digit Canada/US mobile number, and backup e-mail address to use.

Manulife will do the extra authentication as it feels the need. There's no option to force the extra authentication on every signin.

zgic said
My 4.25% is also ending today 31Jul.
But I can see that I am moving to the tiered savings rate as of 1Aug2026 till 31Jan2027
Is someone on this new tiered promo? So if I have 105k in the account do I get 3% on the whole 105k?

Yes is my understanding

re, no guarantee for total 3.0% rate; I too checked and yes, it's true, but I'm ok with that, as it's still the Best rate out there, that isn't just a short term [3-5 mth] promo, for those of us a bit fatigued from moving money around too often. 😉

It now looks like Laurentian Bank will sell only its branch personal banking and its branch SME banking businesses to National Bank.

The overwhelmingly vast majority of Canadians have zero stake in bank profits.
In fact, more that half of Canadians have zero savings, let alone investments.

And...If there's no ATM around for your institution, you face the fees.

jorno319 said

Top Dogg said
I noticed today that Tangerine is now giving me 2.50% on my Savings Account.

Take a look at zgic's post up-thread: https://www.highinterestsaving.....r/#p114221

It is possible you were placed on the same Savings Tiered Rate Offer. I was notified by email that this same offer would be applied to my savings accounts. I received a "Coming soon" email notice on July 16 and a "Now live" email notice today (Aug 1).  

Hi,

Thanks for the reply. I received the same email as well. I guess this is Tangerine's new way of doing business? So maybe they're eliminating the promotional interest rate offers all-together and going with this new 'Tiered' approach which is based on the amount of funds you have in your Tangerine Savings Account.