What do your balances earn?

Enter Your Savings Amount:

Manulife Bank’s posted deposit rates are good for new initial deposit amounts of up to $5 million. For amounts over $5 million contact ICMS.


You Earn:

RBC Bus. Essentials
<10K 2.55% $0
10K - 100K 2.75% $0
100K - 250K 3.10% $0
250K + 3.30% $0
CIBC Bus. Investment
0 - 50K 1.50% $0
50K - 250K 1.55% $0
250K - 1MM 1.60% $0
1MM - 5MM 1.75% $0
TDCT Business Saving
<10K 2.30% $0
10K - 25K 2.60% $0
25K - 100K 2.60% $0
100K - 250K 2.70% $0
250K - 500K 2.70% $0
500K - 5MM 3.35% $0
BNS Right Size
0-100K 3.50% $0
100K - 200K 3.55% $0
200K - 1MM 3.60% $0
1MM - 2MM 3.65% $0
2MM - 5MM 0.00% $0
BMO Premium Rate
<10K 2.55% $0
10K-60K 3.25% $0
60K - 250K 3.30% $0
250K - 500K 3.35% $0
500K - 5MM 3.40% $0
TANGERINE
0 - 100K 2.65% $0
100K-500K 2.75% $0
500K - 5MM 3.25% $0

Try the Calculator! Enter a cash balance in the YELLOW field that is typical for your business to see how much money you would earn in a year with a Manulife Bank Business Advantage Account. Then click or tap on your existing bank to compare – and see how much you could be sending to your bottom line – instead of sending it to your bank’s bottom line!

Make your money work for your business. Your cash flow balances can contribute to your bottom line. But most banks make it just inconvenient enough that you don’t bother to do anything about it, offering savings accounts that pay interest in tiers so you don’t get the same rate on every dollar.

Linking a Manulife Bank Business Advantage Account to your existing bank account gives you a “parking spot” for cash not being used “today”. Earn interest on a daily basis. With no minimum balance requirement, no withdrawal restrictions and no fees, it provides your business with a no-cost treasury account.

 

*Since February 2nd, 2023 the variable annual rate of 2.85%  is applied to all funds in the Business Advantage Account. Interest calculated daily on total closing balance and paid monthly. Rates subject to change without notice. Manulife Bank’s posted deposit rates are good for new initial deposit amounts of up to $5 million. For amounts over $5 million contact ICMS. Rates for other banks as at August 15th, 2023; subject to change without notice.

If you have $US balances, CLICK HERE

DO YOU LEND MONEY TO YOUR BANK?

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.

BUSINESS ADVANTAGE ACCOUNT

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. Earn interest on a daily basis. 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:

  • to Manulife when your cash balance builds up and you want to earn daily interest
  • back to your current account when you need it to write cheques

Services

Business Banking

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 Business Adevantage Account pays higher rates to depositors – on every dollar!

Service Charges

ICMS monitors published service charges and deposit interest rates from all 34 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.

Personal Banking

The Globe & Mail has called a Manulife Bank Personal Advantage Account the most useful savings account in Canada, combining chequing and high interest savings into one account – with no service charges.

Testimonials

Find Out How ICMS Can Help Your Business Savings Grow

Get started sending thousands of dollars to your company’s bottom line – instead of your bank’s!