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Get Manulife Bank’s best rates for high-interest bank accounts, mortgages, credit cards, loans and GICs.
Mortgages rates
Special rates
Current rates
Manulife One
Manulife One is an all-in-one mortgage that simplifies your banking by combining your mortgage with your bank accounts, short-term savings, income, and other debts. Learn more about Manulife One.
Manulife Bank Select
Manulife Bank Select is a traditional mortgage that lets you divide your mortgage into different portions, each with its own amount, interest rate, term, and payment schedule. Learn more about Manulife Bank Select.
Preferred Rate Mortgage
| Terms | *APR[%] |
|---|---|
| 6-month closed | 7.99% |
| 1-year open | 6.95% |
| 1-year closed | 7.14% |
| 2-year closed | 6.59% |
| 3-year closed | 5.29% |
| 4-year closed | 5.39% |
| 5-year closed | 5.09% |
| 7-year closed | 6.35% |
| 10-year closed | 6.69% |
*Annual Percentage Rate (APR) is the total cost of borrowing provided as an annual percentage, which includes our current interest rate and charges such as appraisal costs and legal fees. If there are no charges applicable to a mortgage, such as on a transfer of your mortgage to Manulife Trust, then the APR will be as stated on this page, which is our current interest rate. If charges are included in your cost of borrowing as on a new home purchase then the APR will be slightly higher than stated. Interest is compounded semi-annually, not in advance.
* The Preferred Manulife One 5-year fixed term sub-account rate is 4.79% and is current as of December 18, 2024. The rate applies to personal owner-occupied mortgages on primary residence, who also meet additional Preferred structure requirements. Interest is compounded semi-annually, not in advance. Subject to credit approval. Contact us for special offer terms and conditions. This is a discounted rate program. The posted 5-year rate is 5.09% and is current as of October 3, 2024. All rates are subject to change. Not eligible are: second position accounts; Manulife Bank Select, Manulife One for Business, Manulife Commercial Amortizing Mortgage, Manulife One Equity Advantage lending programs, Small Business Owner lending programs and Investment Property lending programs.
** The insurable Manulife Bank Select 5-year fixed term rate is 4.49% for loan to values up to 65% and is current as of October 31, 2024. The rate applies to new personal owner-occupied mortgages on primary residence with a value less than $1 million, who also meet additional insurability requirements. Interest is compounded semi-annually, not in advance. Subject to credit approval. Contact us for special offer terms and conditions. This is a discounted rate program. The posted 5-year rate is 5.09% and is current as of October 3, 2024. All rates are subject to change. Not eligible are: second position accounts; a roll-in from second to first position; a transfer from an existing Manulife Bank Select to a new property; an increase or change to an existing Manulife Bank Select account; a transfer from another existing Manulife Bank mortgage.
† The high-ratio Manulife Bank Select mortgage 5-year fixed term rate is 4.44% and is current as of November 20, 2024. The rate applies to new owner-occupied Manulife Bank Select High Ratio Purchase and Manulife Bank Insured Lender Switch mortgages up to $1 million, and is for new deals. Subject to credit approval. Contact us for special offer terms and conditions. This is a discounted rate program. Interest is compounded monthly, not in advance. Fixed Rates at Manulife Bank are subject to change without notice.
1 APR is the effective, or total, interest rate you pay on your mortgage. It takes into account both the advertised interest rate and any fee you need to pay to set up the mortgage.
• See Manulife One Cost of borrowing for more information
• See Manulife Bank Select Cost of borrowing for more information.
2 Variable-rate sub-account interest is compounded monthly, not in advance. Interest is calculated on the daily closing balance and posted to your account monthly. Variable Rates change with Manulife One Base Rate and is subject to change without notice.
3 Fixed-rate sub-account interest is compounded semi-annually, not in advance. Interest is calculated on the daily closing balance and posted to your account monthly.
4 Manulife Bank Prime Rate is a variable rate and subject to change without notice.
5 Variable-rate interest is compounded monthly, not in advance. Variable Rates change with Manulife Bank Prime rate and is subject to change without notice.
6 Fixed-rate interest is compounded semi-annually, not in advance.
Bank account rates
Advantage Account rates1 |
Rate |
|---|---|
| Advantage Account | 1.95% |
| Advantage Account - Additional Promotional Rate | 2.85%* |
| US$ Advantage Account | 0.20% |
| Tax-Free Advantage Account | 1.05% |
| Tax-Free Advantage Account - Additional Promotional Rate | 3.75%** |
| Registered Advantage Account | 1.05% |
| Registered Advantage Account – Additional Promotional Rate | 3.75%** |
| Retirement Income Advantage Account | 1.05% |
| Business Advantage Account | 1.70% |
| US$ Business Advantage Account | 0.20% |
| All-In Banking Package rates1 | |
| High-Interest Savings Account | 1.00% |
| Everyday Banking Account | 0% |
| Secured overdraft2 | 15% |
| Account | Interest Rate |
|---|---|
| Founding Members Account | 1.00% |
| Manuplus | Interest Rate |
|---|---|
| $0 - $2,999.99 | 1.00% |
| $3,000 - $9,999.99 | 1.05% |
| $10,000 - $24,999.99 | 1.05% |
| $25,000 - $49,999.99 | 1.10% |
| $50,000 - $99,999.99 | 1.15% |
| $100,000+ | 1.25% |
Interest is calculated on the closing daily balance and paid monthly. The applicable tier rate is paid on every dollar.
All rates are annual rates unless otherwise stated and are subject to change without notice.
*4.80% promotional rate is for 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 1.95% and the variable annual promotional rate of 2.85%. 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. 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 December 12, 2024 and subject to change without notice. Click here for full terms and conditions.
**4.80% promotional interest is for new deposits to Tax-Free Advantage Accounts and Registered Advantage Accounts. The promotional interest rate is made up of the regular posted variable annual interest rate of 1.05 % and the variable annual promotional rate of 3.75%. Interest is calculated daily and paid monthly from December 12, 2024 to April 30, 2025 on net new deposits to the account received from December 12, 2024 to March 10, 2025 to a maximum of $250,000. Any change to the regular interest rate will result in a corresponding change to the promotional interest rate. The offer and rates are as at December 12, 2024 and subject to change without notice. See full terms and conditions and visit manulifebank.ca for current rates.
1 Interest is calculated on the closing daily balance and paid monthly. Rates are subject to change without notice. Manulife Bank is a member of the Canada Deposit Insurance Corporation (CDIC), which means your deposits are eligible for CDIC deposit insurance protection. Visit cdic.ca for information on eligible deposits.
2 As of June 9, 2019, the Annual Interest Rate for the secured overdraft is 15%. It is calculated on the total daily closing balance and charged monthly. Rates are subject to change without notice.
Manulife Bank's posted deposit rates are effective for amounts totaling up to $5 million deposited into a particular type of account, whether in one or more than one account of the same type and including joint accounts. Manulife Wealth advisors' clients may have different deposit account limits on Advantage account products, please contact your Manulife Wealth advisor to find out more. For all other clients, to review your options for amounts greater than $5 million or for more information, please contact Manulife Bank at 1-877-765-2265 or (fax) 1-877-565-2265. In the event that amounts deposited exceed $5 million, Manulife Bank may at any time adjust the interest rates applicable to the accounts.
Investments rates
Guaranteed Investment Certificates (GIC) rates
These rates apply to non-registered, RRSP, and RRIF accounts.
Not redeemable before maturity except upon death. Minimum $2,500 investment ($10,000 for monthly rates). For compound interest certificates, use annual rates. Semi-annual and monthly interest available for non-registered certificates only.
Manulife Bank's posted deposit rates are effective for amounts totaling up to $5 million deposited into a particular type of account, whether in one or more than one account of the same type and including joint accounts. To review your options for amounts greater than $5 million or for more information, please contact Manulife Bank at 1-877-765-2265 or (fax) 1-877-565-2265. In the event that amounts deposited exceed $5 million, Manulife Bank may at any time adjust the interest rates applicable to the accounts.
Tax-free GIC rates
1-5 year locked-in terms, interest compounded annually to maturity. Minimum $2,500 investment. Redemption prior to maturity is subject to market value adjustment and expense recovery fees.
Manulife Bank's posted deposit rates are effective for amounts totaling up to $5 million deposited into a particular type of account, whether in one or more than one account of the same type and including joint accounts. To review your options for amounts greater than $5 million or for more information, please contact Manulife Bank at 1-877-765-2265 or (fax) 1-877-565-2265. In the event that amounts deposited exceed $5 million, Manulife Bank may at any time adjust the interest rates applicable to the accounts.
Short-term GIC rates
Short-term GICs may be redeemed prior to maturity but interest is forfeited if redeemed within 29 days from issuance. If redeemed on or after 30 days but before maturity, a 1.25% reduction in interest rate will apply. Interest is prorated to the number of days. A $25.00 early redemption fee will also be charged. Refer to the GIC Confirmation for details.
Manulife Bank's posted deposit rates are effective for amounts totaling up to $5 million deposited into a particular type of account, whether in one or more than one account of the same type and including joint accounts. To review your options for amounts greater than $5 million or for more information, please contact Manulife Bank at 1-877-765-2265 or (fax) 1-877-565-2265. In the event that amounts deposited exceed $5 million, Manulife Bank may at any time adjust the interest rates applicable to the accounts.
Loan interest rates
Manulife Bank Prime rate |
Rate |
|---|---|
| Manulife Bank Prime rate is a variable rate and subject to change without notice. | 5.45% |
| RRSP loans | |
| Standard RRSP loan | 5.95% |
| Line of credit | |
| Access Line of Credit/Plus | 6.45% |
| 100% investment loan | |
| Less than $100,000 | 6.45% |
| 100,000 or more | 6.20% |
| Principal and interest payments | 6.20% |
| Multiplier investment loan | |
| Less than $100,000 | 6.45% |
| $100,000 or more | 6.20% |
| Principal and interest payments | 6.20% |
ManulifeMONEY+TM Visa* Credit Card rates
1 Only the Primary Cardholder may request a balance transfer. The promotional 1.99% annual interest rate (AIR) applies to any credit card balance transfer the client makes within 90 days of their account opening date, and will remain in effect for 180 days (6 months) from the transfer date. After the promotional period, the 1.99% rate on any promotional balances (including balances that remain unpaid after the offer ends) will increase to the regular interest rate for balance transfers. Interest applies from the date a transfer(s) is posted to the new Manulife Bank Credit Card Account. Balance transfers are subject to credit availability, must be repaid, and are administered according to the terms of the Cardholder Agreement. Balances transferred may only be used to pay a balance on a Canadian financial institution issued consumer credit card account that Manulife Bank approves. Balance transfers will be fulfilled in the order (the client/you) requested them and in accordance with the Cardholder Agreement. The total value of balance transfers cannot exceed the authorized credit limit on the credit card account. If the total value is greater, Manulife Bank may have to send only a partial payment to the last designated account / named creditor. A transaction fee equal to 3% of the dollar amount of each balance transfer the client requests will be applied. This offer cannot be used to transfer a balance from another Manulife account, or to make a payment or deposit to another Manulife account. No cash back rewards will be earned on the balance transfer. Offer may be changed or extended at any time.
2 Your ManulifeMONEY+ Visa Infinite annual card fee of $139 will be waived in the first year only based on your account opening date.
Manulife, Manulife Bank & Stylized M Design, ManulifeMONEY+, and Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
*Trademark of Visa Int., used under license