Manulife Bank’s posted deposit rates are good for new initial deposit amounts of up to $2 million. For amounts over $2 million contact ICMS.
Manulife Bank Business Advantage Account
|0 - 50K||0.30%||$0|
|50K - 250K||0.35%||$0|
|250K - 1MM||0.40%||$0|
|1MM - 5MM||0.45%||$0|
|10K - 100K||0.15%||$0|
|100K - 200K||0.60%||$0|
|200K - 1MM||0.90%||$0|
|1MM - 2MM||1.20%||$0|
|0 - 100K||0.20%||$0|
ICMS Can Grow Your Business Savings
See how much money ICMS can send to your bottom line.
Without the expensive real estate based branch network of the “Big 5” banks, Manulife Bank pays higher rates to depositors – on every dollar in the account. Enter a savings amount in the YELLOW field that is typical for your business and see how much money you are sending to your bank’s bottom line – instead of sending it to your own bottom line!
Have USD Savings? Try the $US Business Advantage Account calculator.
Whenever you have a positive balance in any bank account – or if you purchase GIC’s or Short Term Deposits – you are lending money to your bank, and your bank is borrowing money from you. And like any smart borrower they will try to borrow at the lowest rate possible. Like zero percent in a current account.
If you consider operating a “savings” account for your business then you will often find that your bank pays interest on a “tiered” basis. That means you do not get the same rate on every dollar in the account. Tiered pricing only serves to lower the effective interest rate you receive.
Without the expensive real estate based branch network of the “Big 5” banks, Manulife Bank pays higher rates to depositors – on every dollar in the account.
A Manulife Bank Business Advantage account is designed to operate as a “parking spot” for funds that you are not using to write cheques. With no service charges, no minimum balance requirement and no withdrawal restrictions it is a perfect electronic complement to your existing current account.
Once the Manulife account is linked electronically to your existing current account you can easily transfer funds in two directions:
Add thousands of dollars to your company’s bottom line – instead of your bank’s bottom line! Without the expensive real estate based branch network of the “Big 5” banks, Manulife Bank pays higher rates to depositors – on every dollar in the account.
ICMS monitors published service charges and deposit interest rates from all 36 different service plans offered collectively by the Big 5 banks. Our Basic Report tells you which plan best matches your company’s volumes and transaction patterns.
Improving your Personal Banking may be a matter of HOW you bank rather than where you bank.
I was not interested in changing my current bank, with all the attendant paperwork and drain on time. The Manulife Bank Account offered by ICMS solved a major problem quickly, how to receive interest on cash flow surpluses, while not requiring the changing of banks. Even with small surpluses, IFS has managed to earn well over $15K in interest in just a few years. This revenue would have been non-existent with the current Business Bank account we have. Transfers to and from take about 30 seconds, and are done in one business day.
Paul LeBlanc was very helpful at a time when we were looking for the best possible rates for short term investments without having to change banks to do it. He was able to enhance our banking experience by setting up our accounts with Manulife quickly and efficiently. He is always available when we have questions and need guidance for banking solutions. He truly understands the banking needs of small to medium size businesses.
Given that we were receiving nothing from our regular bank for any of our positive cash balances, signing up with Manulife was an easy decision – we have been using Manulife Bank since 2010 and have been extremely happy with it . The online banking tool makes it very easy to move funds back and forth.
As a retailer with multiple outlets our company maintains bank accounts at all the major banks. Getting a Cheque-Up! Report was good value – ICMS streamlined our collection processes using a single Manulife Bank account to sweep store balances – and showed us how to lower transaction costs at our main bank, and two other banks.
I would like to thank you for introducing us to your service and association with Manulife’s deposit interest accounts. We have now been using this service for a couple of years and find it to be very easy and convenient to use in conjunction with our regular bank. As a result of the service you supply to us I am opening a personal account.