Banking & credit
Chequing and savings in one account
The Manulife Advantage Account combines everyday chequing with high-interest savings, so the money waiting to be spent still earns while it sits. Your Investco advisor opens it and keeps it connected to your plan.
What it does
One account for spending and saving
Interest on every dollar
Balances earn daily interest instead of sitting idle in a low-rate chequing account.
No monthly fee
Everyday banking, bill payments, e-transfers and pre-authorized debits without a monthly account charge.
Feeds your plan
Pre-authorized contributions move money into your TFSA, RRSP or investment accounts on a schedule you set.
Who it suits
Households that keep a cash reserve and want it earning something without moving money between two institutions every month.
Anyone automating savings — contributions come out on payday, before the money is available to spend.
Clients who want their advisor to see the full picture, including the cash side, when reviewing the plan.
How it works
Opening the account
- Step 1
Talk it through
We look at how your cash flows through the month and what reserve you should hold.
- Step 2
We open it
Your advisor completes the application with you — no branch visit.
- Step 3
Set the automation
Bill payments and contributions are scheduled around your pay cycle.
- Step 4
Reviewed with your plan
Cash balances are looked at every review, not left to drift.
Product details
From Manulife Bank
Manulife Advantage Account
A high-interest chequing and savings account in one — everyday banking, bill payments and pre-authorized contributions with no monthly fee.
Learn moreU.S. Dollar Advantage Account
Hold, spend and earn interest in U.S. dollars — useful for snowbirds, cross-border income and U.S. spending.
Learn moreInvestment Savings Account
A daily-interest holding account for cash between decisions, available registered and non-registered.
Learn moreOpen an account with your advisor
We handle the application and connect the account to the rest of your plan.
Banking products are provided by Manulife Bank of Canada. Investco Financial advisors arrange applications and servicing; approval, rates and terms are set by Manulife Bank and are subject to its lending and account criteria.