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Manulife Bank

Bank· Waterloo, Ontario· Since 1993Open to all

About Manulife Bank

Manulife Bank of Canada is a Schedule I federally chartered bank established in 1993 by Manulife Financial, the first federally regulated bank opened by a Canadian insurance company and Canada's first branchless bank. It is a wholly owned subsidiary of The Manufacturers Life Insurance Company, headquartered in Waterloo, Ontario. It offers chequing and savings accounts, GICs, mortgages (including Manulife One) and lending.

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Access: Open to all Canadians

Eligible provinces: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland & Labrador, Nova Scotia, Northwest Territories, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon

How to join: Open an account online at manulifebank.ca or through a financial advisor.

Deposit protection: Canada Deposit Insurance Corporation

$100,000 per insured category per member institution

How deposit insurance works →

Current top rates

rates confirmed as of 2026-10-15
Best GIC · 5-year4.05%
Best mortgage · 5-year fixed5.39%
Prime rate4.45%
GIC ladderBest rate
1-year GIC3.35%
2-year GIC3.70%
3-year GIC3.80%
4-year GIC3.90%
5-year GIC4.05%

Base ladder rates. Institution may have more term rates below.

GIC rate history

Best historical posted GIC rate by term

Term
Latest3.35%Oct 16, 2026
Last change+0.35%Sep 28, 2026
High3.35%Sep 28, 2026
Low3.00%Jul 16, 2026
5%4.13%3.25%2.38%1.50%Jul 26Aug 26Sep 26Oct 26

Tracked since Jul 16, 2026 · 34 snapshots

Term deposit rates

— not stated on siterates confirmed as of 2026-10-15
Filter rates
TermRegistrationRedeemableCompoundingInterest paidMin–Max depositRate
Short-term — under 1 year
30–89 daysNon-regN—At maturity$25k+1.75%
90 – 179 daysNon-regN—At maturity$25k+1.90%
180 – 269 daysNon-regN—At maturity$25k+2.45%
270 – 364 daysNon-regN—At maturity$25k+2.50%
Long-term — 1 year +
1 yearNon-regRRSPRRIFTFSAN—Annually$2,500 – $5M3.35%
1 yearNon-regN—Semi-annuallyMonthly$2,500 – $5M$10k – $5M3.30%3.25%
2 yearsNon-regRRSPRRIFTFSAN—Annually$2,500 – $5M3.70%
2 yearsNon-regN—Semi-annuallyMonthly$2,500 – $5M$10k – $5M3.65%3.60%
3 yearsNon-regTFSAN—Annually$2,500 – $5M3.80%
3 yearsNon-regN—Semi-annuallyMonthly$2,500 – $5M$10k – $5M3.75%3.70%
4 yearsNon-regRRSPRRIFTFSAN—Annually$2,500 – $5M3.90%
4 yearsNon-regN—Semi-annuallyMonthly$2,500 – $5M$10k – $5M3.85%3.80%
5 yearsNon-regRRSPRRIFTFSAN—Annually$2,500 – $5M4.05%
5 yearsNon-regN—Semi-annuallyMonthly$2,500 – $5M$10k – $5M4.00%3.95%

Savings & chequing rates

rates confirmed as of 2026-10-15
Filter rates
TypeProductCalculatedPaidMin. balanceRate
Savings
SavingsRegistered Advantage Account———1.05%
HISAAdvantage Account———1.50%
USDUS$ Advantage AccountUS$———0.20%
RRIF
RRIFRetirement Income Advantage Account———1.05%
TFSA
TFSATax-Free Advantage Account———1.05%

Mortgage rates

rates confirmed as of 2026-10-15
Filter rates
TermTypeOpen / closedInsuredPosted rate
Manulife Bank Selectconventional · 1-year to 10-year terms
1-yearFixedClosedNo6.89%
2-yearFixedClosedNo6.34%
3-yearFixedClosedNo5.19%
4-yearFixedClosedNo5.49%
5-yearFixedClosedNo5.39%
7-yearFixedClosedNo6.35%
10-yearFixedClosedNo6.69%
5-yearVariableOpenNo5.45%
5-yearVariableClosedNo4.45%
Manulife Oneconventional · 1-year to 10-year terms
1-yearFixedClosedNo6.89%
2-yearFixedClosedNo6.34%
3-yearFixedClosedNo5.19%
4-yearFixedClosedNo5.49%
5-yearFixedClosedNo5.39%
7-yearFixedClosedNo6.35%
10-yearFixedClosedNo6.69%
5-yearVariableOpenNo4.95%

Home equity line of credit

ProductPosted rate
Manulife One Base Rate4.95%

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