High-interest accounts gives clients a secure place to invest
Waterloo - Manulife Bank is launching two new $US Investment Savings Accounts to offer Canadians an opportunity to earn a high rate of interest on their U.S. dollar investments.
Manulife Bank’s $US Investment Savings Accounts offer security and liquidity at a high interest rate on every dollar (currently 4.75 per cent and 5 per cent (F-Class)).1
Both accounts can be used for eligible registered plans such as RRSPs, RRIFs, RESPs and LIFs, as well as non-registered investment accounts. They are available to Canadian residents through their financial advisors.
“Canadians are becoming more aware of the need to diversify their investments internationally,” says J. Roman Fedchyshyn, President and CEO of Manulife Bank. “Our $US Investment Savings Accounts allow people to diversify the secure, liquid portion of their investment portfolios into the currency of the world's largest economy.”
Since 1993, Manulife Bank—a wholly-owned subsidiary of Manulife Financial—has been providing Canadians with innovative banking products that can be incorporated into a broader financial plan. “Banking products play an important role in financial plans. By working with an advisor, Canadians can be better assured that all their wealth management components work well together and work towards the client’s overall financial goals,” says Fedchyshyn.
The $US Investment Savings Account and $US Investment Savings Account F-Class join Manulife Bank’s suite of premium banking products that includes Advantage Account, a high-interest full-access chequing account, $US Advantage Account, a high-interest savings account designed to help Canadians grow their U.S. cash and Manulife One, Canada’s first all-in-one mortgage, chequing account and line of credit.
About Manulife Financial
Manulife Financial is a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and Asia, and primarily through John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$426 billion (US$370 billion) as at March 31, 2007. www.manulife.com.
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Media contact:Tom Nunn