About Manulife Bank
Manulife Bank of Canada has been a federally regulated bank since 1993. It’s owned by Manulife Financial, Canada’s largest insurance company. Manulife Bank provides personal banking services, including financial planning and mortgage advice. Since Manulife Bank operates without traditional branches, customers can make transactions online, over the phone, and at automated banking machines.
Manulife Bank’s GIC rates
Manulife Bank offers non-registered and registered guaranteed investment certificates (GICs) with some of the highest interest rates in the market. At Manulife Bank, you can find short-term deposits that range from 30 to 364 days. Short-term deposits require a minimum investment of $25,000 and interest rates are tiered—larger investments will receive higher rates. Moreover, you can also find long-term deposits. Manulife Bank offers one- to five-year GICs that have some of the most competitive rates amongst Canadian GIC providers. Payments from one- to five-year GICs can be made to you monthly, semi-annually, or annually. The minimum investment is $25,000 (or $10,000 if you choose to receive monthly interest payments). However, interest rates are tiered so they’ll vary based on the amount you invest.
Compare other Manulife Bank products
Manulife Bank offers bank accounts, investments, mortgages, and credit cards. Its Advantage Account is a high-interest savings account that also offers chequing services.
Get the best GIC rates
Manulife Bank offers higher GIC rates than most banks. However, there are many providers to choose from in Canada. You can use our GIC comparison tools,
which organize GICs by features on a side-by-side basis.
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