Savings account · Manulife Bank
Advantage Account (savings & chequing): fees and true cost
Manulife Bank’s Advantage Account (savings & chequing) lists 1.5% interest and no monthly fee. On $10,000 that’s about $150 a year before tax, at the posted rate.
CDICOffered in all ten provinces
Fees retrieved November 1, 2026
Interest at different balances
| Balance | Rate | Interest a year |
|---|---|---|
| $1,000 | 1.5% | $15 |
| $10,000 | 1.5% | $150 |
| $50,000 | 1.5% | $750 |
| Balance | Rate (annual) |
|---|---|
| $0 and up | 1.5% |
Every fee FCAC lists for this account
| Item | Fee |
|---|---|
| Monthly fee | No monthly fee |
| Included transactions | None included (each one is charged) |
| Debit purchase in Canada (beyond included) | $1.00 |
| Online or mobile bill payment | $1.00 |
| Interac e-Transfer | $1.00 |
| Online transfer between your accounts | No extra fee |
| Own-bank ATM withdrawal | $1.50 |
| Withdrawal at another institution’s ATM | $1.50 |
| ATM withdrawal in the United States | $3.00 |
| ATM withdrawal in other countries | $3.00 |
| Debit purchase in the United States | $1.00 |
| In-branch withdrawal | Not available |
| Bill payment in branch | Not available |
| Cheque (as a payment) | No extra fee |
| Mailed monthly statement | $2.00 |
| Non-sufficient funds (NSF) | Not stated |
| Overdraft protection, monthly | Not stated |
| Overdraft protection, per use | Not stated |
| Overdraft interest | Not stated |
Notes from the institution
Combine your banking to get the flexibility of a chequing account with the high interest of a savings account. • High interest on every dollar in your account, with no minimum balance required • Free unlimited everyday banking transactions when you keep just $1,000 in your account • Easy access to your money from more than 3,500 ABMs, plus online and mobile banking
Is the money protected?
CDIC member. Eligible deposits are covered up to $100,000 per category at each CDIC member — see the deposit safety tool.
Source: FCAC Account Comparison Tool (data submitted by the institution), retrieved November 1, 2026 · Manulife Bank’s product page
Educational information only, not financial, legal or tax advice. CanadianBanks.ca is independent and is not affiliated with, endorsed by or paid by any institution listed. Confirm details with the institution and the official sources linked on each page before you act. Read the full disclaimer.