Manulife on comparison chart | Manulife Bank | Discussion forum

Doug said
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So, I know that there are currently deliberations underway in terms of potentially crystallizing what is meant by "competitive" for inclusion in the HISA "comparison chart" and one proposal, which Vatox and a couple others supported in another thread, was to simply adopt the Bank of Canada's current Policy Interest Rate as the baseline for what "competitive" means in terms of regular, posted rate of interest (currently set at 1.75%). If Peter ultimately decides to adopt that, which I'd definitely support, then - at current rates - Manulife Bank wouldn't be eligible for inclusion (neither would Canadian Tire Bank and Meridian Credit Union, at a paltry 1.50% and 1.40%, respectively). If, however, he decides not to formalize and further define what is "competitive" - or settles on some other metric as a baseline - then, ultimately, Manulife Bank should be included.

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Cheers,
Doug  

First of all.... thank you all for keeping up with promos and sharing with all. It helped me find this latest offer. Invaluable.

As for including Manulife on the main list, first I want to say that since Canadian Tire Bank, whose base rate is 1.5%, is included on the list, to be fair, Manulife, whose base rate is also 1.5%, should be included, to be consistent.

Second, I would suggest creating a second section on the list, whereby banks who may not qualify to be on the main list because their base rate is below the "competitive" threshold be listed IF they have promo rates that DO make them competitive. And if their base rate ever does become "competitive" then move them up into the main list. This way, it allows keeping an eye of these potential up and comers. This would then include the likes of Meridian and DUCA. Just an idea.