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 $US Business Advantage Account
Does your business collect $US as part of your sales cycle? Do you make $US payments to vendors?
If so, it makes sense to maintain $US balances instead of continually converting $CDN and paying commissions on conversion each time. And this presents banks with another opportunity to borrow for nothing.
Three of the six major banks simply pay you zero percent interest on US dollar accounts. The three banks that do offer interest on US dollar accounts choose to pay in tiered pricing structures.
A Manulife Bank $US Business Advantage Account pays the same interest rate on every dollar in the account. With no service charges, no minimum balance requirements and no withdrawal restrictions it is the perfect complement to a US dollar account at your existing bank.
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!