Question 1

What are Manulife Bank’s GIC rates?

Accepted Answer

1 year: 3.35%; 2 years: 3.70%; 3 years: 3.80%; 4 years: 3.90%; 5 years: 4.05%. Read from Manulife Bank’s own rate page.

Question 2

Are Manulife Bank GICs insured?

Accepted Answer

CDIC member: eligible deposits are insured up to $100,000 per insured category (for example, separately for TFSAs and RRSPs). Deposits held by: Manulife Bank of Canada.

Question 3

What is the minimum deposit for a Manulife Bank GIC?

Accepted Answer

$2,500, according to Manulife Bank’s rate page.

Question 4

How do Manulife Bank’s GIC rates compare with the big banks?

Accepted Answer

1 year: 0.57 points more than the big five banks’ average (2.78%); 2 years: 0.77 points more than the big five banks’ average (2.93%); 3 years: 0.79 points more than the big five banks’ average (3.01%); 4 years: 0.80 points more than the big five banks’ average (3.10%); 5 years: 0.81 points more than the big five banks’ average (3.24%).

Term	Rate	Rank	Best rate we track	$10,000 at maturity
1-year	3.35%	#6 of 14	4.05% (WealthONE Bank)	$10,335
2-year	3.70%	#5 of 14	4.30% (WealthONE Bank)	$10,754
3-year	3.80%	#5 of 13	4.40% (WealthONE Bank)	$11,184
4-year	3.90%	#6 of 13	4.45% (WealthONE Bank)	$11,654
5-year	4.05%	#6 of 15	4.55% (WealthONE Bank)	$12,196

Manulife Bank GIC rates

GIC products

Rates by term

Compared with the big five banks

At a glance