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Manulife Bank promotions in 2023

Explore Manulife Bank promotions and interest rates on now (including any active Manulife Advantage Account promotions) and compare with other Canadian bank offers.

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By

Chelsey Hurst

Updated

Fact checked

If you’re wondering what kind of Manulife Bank interest rates you could potentially snag by signing up for a new account, you’ve come to the right place. We’ve rounded up the latest Manulife promotions and standard interest rates on offer so you can easily compare your options with other popular bank promotions available now.

Manulife Advantage Account promotional or standard rates on now

Manulife Advantage Account

Manulife Advantage Account

2.85%
Interest Rate
$0
Account Fee
$0
Transaction Fee
The Manulife Advantage Account is a high-interest savings account that comes with tons of the perks of a chequing account, like unlimited transactions, debits and ATM funds access. All you have to do is keep a balance of $1,000 in your account and all everyday banking transactions are free.
  • Just keep a balance of $1,000 in your account and all everyday banking transactions are free
  • $0 monthly fee
  • You'll have to pay a $1.50 fee per ATM withdrawal
  • Interest rate drops to 2.85% after the promotional period ends
Min. Age N/A
Account Fee $0
Transaction Fee $0
Interac e-Transfer Fee $1.00 for Interac Debit card purchases in Canada and for sending money using Interac e-Transfer

Is it worth switching banks for a Manulife Bank promotion?

That depends on your current finances and financial goals, but Manulife has a lot to offer in terms of features and financial products.

Whether you’re looking for a chequing account, long-term savings account, credit card, investment options, personal line of credit or a mortgage, Manulife Bank has a solid selection for nearly all of your banking needs. Manulife was founded in 1993 and was Canada’s first branchless bank.

That said, consider the fees and features of any bank account before signing up to ensure you’re getting the right value for your money. For example, if you’re looking for a simple, no-fuss chequing account, instead of opting for a Manulife promotion, you may want to consider similar options from one of Canada’s digital banks – like Simplii or Tangerine – which tend to offer no-fee accounts with unlimited monthly transactions.

Manulife promotions vs. other Canadian bank offers on now

Although Manulife interest rates can be very competitive, it’s worth comparing with other Canadian banks and credit unions offering promotions now. Here are some other options you can use to compare with Manulife promotions and standard rates:

RBC Signature No Limit Banking Account

Get iPad Pro when you open a Signature No Limit Banking account. Valid until October 31, 2023.

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RBC VIP Banking Account

Get iPad Pro when you open a VIP Banking account. Valid until October 31, 2023.

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BMO Performance Chequing Account

Earn $350 with a Performance Chequing Account. Plus, get an additional $100 when you add a second member and make it a BMO Family Bundle. Valid until October 31, 2023. You can also earn a 5.25% bonus interest rate when you add a Savings Amplifier Account.

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BMO Premium Plan Chequing Account

Earn $350 when you open a Premium Chequing Account. Plus, earn an additional $100 when you add a second member and make it a BMO Family Bundle. Valid until October 31, 2023.

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BMO New to Canada Performance Chequing Account

Earn up to a $450 welcome bonus. Valid until October 31, 2023.

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Simplii No Fee Chequing Account

Earn $400 when you become a new client and set up a direct deposit of at least $100 for 3 months. Offer ends October 31, 2023.

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Coast Capital Free Chequing, Free Debit, and More Account

New members can earn 20% cashback on household bills (up to $450). Plus, for every new member, Coast Capital give $150 to the Youth Futures Education Fund to help former youth in government care with their post-secondary living expenses. Conditions apply. Valid until November 30, 2023.

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National Bank The Total Chequing Account

Get $150 towards an eligible National Bank credit card you activate after opening a National Bank The Total Chequing Account.

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National Bank Connected Account

Get $30 towards an eligible National Bank credit card you activate after opening a National Bank Connected Account.

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National Bank Newcomer Bank Account

without a credit history, you could be eligible for a car loan

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BMO Performance Student Chequing Account

Earn a $100 cash bonus and enjoy no monthly fees while in school and one year after you graduate. Valid until October 31, 2023.

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KOHO Extra Prepaid Card

30 day free trial (First month fee waived - a value of $9.00)

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KOHO Earn Interest

$20 bonus + earn up to 6% cashback

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EQ Bank Card

Get 2.50% - 3.00% interest on your balance until you spend, then get 0.5% cash back on all purchases. To receive the 3.00% rate for 12 months, you'll need to: set up $500/month or more in either direct deposit for your pay or recurring pre-authorized debits (this applies to your Savings Plus Account, Joint Savings Plus Account and EQ Bank Card balance). Conditions apply. Thereafter, you'll earn 2.50% on your balance.

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Simplii High Interest Savings Account

Earn 6.00% interest for 5 months on your first Simplii Financial High Interest Savings Account. Conditions apply. Offer expires October 31, 2023.

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Mydoh Smart Card

$15 bonus for new accounts

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You can explore more options from the Big Five banks, digital banks, credit unions and prepaid cards in our full guide to the best bank promotions in Canada.

More guides on Finder

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