Savings account · Manulife Bank
Manulife Bank Advantage Account (savings & chequing): fees and true cost
Manulife Bank’s Advantage Account (savings & chequing) lists 1.65% interest and no monthly fee. On $10,000 that’s about $165 a year before tax, at the posted rate.
CDICOffered in all ten provinces
Fees retrieved November 1, 2026
Mitey reads Manulife Bank’s Advantage Account (savings & chequing) rate sheet: $165 a year on $10,000.
What interest does Advantage Account (savings & chequing) from Manulife Bank pay?
Advantage Account (savings & chequing) lists 1.65% interest with FCAC. On $10,000 that is about $165 a year before tax, with no monthly fee, #6 of 25 savings accounts offered nationwide by interest after fees. Eligible deposits are insured by CDIC up to $100,000 per category. Rates as listed on November 1, 2026; promotional rates may differ.
Is Manulife Bank Advantage Account (savings & chequing) the best place for savings?
- Versus the top posted rate: on $10,000, 30 Day Notice Savings Account (EQ Bank, 3%) would pay about $135 more a year after fees.
- Or lock it in: a 1-year GIC at 3.75% (Oaken Financial, posted November 2, 2026) would earn $375 on $10,000, against $165 here — but the money is locked in for the year.
Interest at different balances
| Balance | Rate | Interest a year |
|---|---|---|
| $1,000 | 1.65% | $17 |
| $10,000 | 1.65% | $165 |
| $50,000 | 1.65% | $825 |
| Balance | Rate (annual) |
|---|---|
| $0 and up | 1.65% |
Every fee FCAC lists for this account
| Item | Fee |
|---|---|
| Monthly fee | No monthly fee |
| Included transactions | None included (each one is charged) |
| Debit purchase in Canada (beyond included) | $1.00 |
| Online or mobile bill payment | $1.00 |
| Interac e-Transfer | $1.00 |
| Online transfer between your accounts | No extra fee |
| Own-bank ATM withdrawal | $1.50 |
| Withdrawal at another institution’s ATM | $1.50 |
| ATM withdrawal in the United States | $3.00 |
| ATM withdrawal in other countries | $3.00 |
| Debit purchase in the United States | $1.00 |
| In-branch withdrawal | Not available |
| Bill payment in branch | Not available |
| Cheque (as a payment) | No extra fee |
| Mailed monthly statement | $2.00 |
| Non-sufficient funds (NSF) | Not stated |
| Overdraft protection, monthly | Not stated |
| Overdraft protection, per use | Not stated |
| Overdraft interest | Not stated |
Notes from the institution
Combine your banking to get the flexibility of a chequing account with the high interest of a savings account. • High interest on every dollar in your account, with no minimum balance required • Free unlimited everyday banking transactions when you keep just $1,000 in your account • Easy access to your money from more than 3,500 ABMs, plus online and mobile banking
Is the money protected?
CDIC member. Eligible deposits are covered up to $100,000 per category at each CDIC member — see the deposit safety tool.
Source: FCAC Account Comparison Tool (data submitted by the institution), retrieved November 1, 2026 · Manulife Bank’s product page
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