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Email this7:54 am
September 15, 2017
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Norman1 said
GR said
Has anyone had this new Advantage account promo with 4.80% interest and also had the previous Advantage promo account with 4.95% interest? If so, in December 2024, did you earn the promo rates on the FULL amount(s)?A supervisor advised that a client is really only eligible for ONE Advantage account promo at a time. Also, for the new 4.80% account, the promo rate really only applies to net new deposits which bring the balance in excess of the balance in any open Advantage accounts at December 11, 2024. …
That's not what the terms of my 4.80% offer says. The terms don't mention the balances of any other Advantage accounts affecting the Net New Deposits of the account with the offer.
Could the difference be from the cut in the Regular Rate of the Advantage Accounts, around December 12, from 2.15% to 1.95%?
The 4.80% offer I have is not for 4.80%. The offer is for an additional 2.85% to what the regular interest is each day.
Norman,
We are referring to the same account, currently at 4.80%. According to the supervisor, the T & C state "one eligible account" and this supposedly means that a client can only have one promo account at a time. The T & C state that eligible deposits are net new deposits after Dec. 11, and the supervisor indicated that means the promo rate applies only to balances above ALL Advantage account balances at Dec. 11.
10:10 am
April 21, 2022
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I'm in this situation also, currently on the 4.95% until February 26th. I'll open a 4.80% account by March 10th for 120 days knowing full well there was a snapshot taken on December 11th which will exclude any funds on deposit that day.
5:48 pm
March 15, 2019
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JohnnyCash said
I'm in this situation also, currently on the 4.95% until February 26th. I'll open a 4.80% account by March 10th for 120 days knowing full well there was a snapshot taken on December 11th which will exclude any funds on deposit that day.
Same like you I'm on one Advantage account that says 4.95% until February 26, 2025.
However, I opened a new Advantage account on January 14, 2025 that shows 4.80%. Did I make a mistake by not waiting until March to open the new Advantage account?
7:04 pm
April 6, 2013
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GR said
We are referring to the same account, currently at 4.80%. According to the supervisor, the T & C state "one eligible account" and this supposedly means that a client can only have one promo account at a time. The T & C state that eligible deposits are net new deposits after Dec. 11, and the supervisor indicated that means the promo rate applies only to balances above ALL Advantage account balances at Dec. 11.
The 4.80% offer doesn't say that.
The offer says it is limited to one account. So, only one account can have the 4.80% offer. If one opens a second Advantage account in the same period, the new account won't be eligible for the 4.80% offer.
Were funds transferred into the eligible Advantage account from another Advantage account? That would be an issue: "Net New Deposits are funds from an external source and cannot be transferred from an existing Manulife Bank account. All funds held by the client in existing Manulife Bank account(s) on December 11, 2024, will not count as Eligible Deposits [for this 4.80% offer]."
11:33 pm
April 21, 2022
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COIN said
Same like you I'm on one Advantage account that says 4.95% until February 26, 2025.However, I opened a new Advantage account on January 14, 2025 that shows 4.80%. Did I make a mistake by not waiting until March to open the new Advantage account?
It's not really a mistake, just open another 4.8% account before March 10th. Transfer out all your funds when the 4.95% promo ends to and external account, then move everything back into the new 4.8% account. You should then have 120 days on the new promo.
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