Banking Services
Our Banking Services help individuals, families, and business owners manage cash flow, savings, financing, and borrowing needs through personalized banking and lending solutions.
Individual & Business - Advantage and
Investment Savings Account
Personal Advantage Account is a high-interest savings account that offers a high interest rate and gives you the features and flexibility of a chequing account. With online and telephone transfers, pre-authorized chequing and bill payments, and debit card access, you can access your money when and where you need it.
Making deposits into your Personal Advantage Account is free, and withdrawals are free when your balance is $1,000 or more at the time of transaction.
GIC, or Guaranteed Investment Certificate, offer a fixed interest rate over a specified term, providing a reliable and predictable return on your investment.
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We have ability to book GICs with about 20 institutions. This includes amongst others, Banks such as CIBC, Bank of Nova Scotia, Manulife Bank, National Bank, Equitable Bank etc.
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All GICs are with institutions who have the CDIC – Canadian Deposit Insurance Corporation Protection
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All the GICs are booked within a single account which saves you the hassle of opening multiple accounts with several institutions.
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Keeping all the GICs in one accounts enables exercising care to identify and highlight to you if the booking of a new GIC would result in your aggregate GIC with an institution to exceed the CDIC coverage.
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Maintaining GICs through us streamlines the management of renewal of GIC to alert you about matured GIC and speedily booking them which means funds are always working.
Guaranteed investment certificates (GICs) give you an investment guaranteed to grow and reassurance that your money is secure. Whether you’re looking for a low-risk investment or an effective way to diversify your portfolio, there are many benefits to GICs:
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Growth
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Security
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Flexibility
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Simplicity
Debt management strategies can help individuals and business improve cash flow, reduce borrowing coast, and achieve long-term financial goals.
Using borrowed money to finance the purchase of securities involves greater risk than a purchase using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same even if the value of the securities purchased declines.
Canadians owe $1.65 for every dollar of disposable income in our pockets – we’re spending more than we’re making. And it can increase our stress if it prevents us from paying bills, putting food on the table or saving for the future.
Manulife Bank
Manulife Bank is a Schedule I federally chartered bank and a wholly‑owned subsidiary of The Manufacturers Life Insurance Company. Established in 1993, it was the first federally regulated bank opened by an insurance company in Canada. Manulife Bank supports the sale of the parent’s core products and distributes its products through a number of channels, including financial advisors, mortgage brokers, deposit brokers and direct‑to‑client.
To learn more,
Frequently asked questions
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