Tax-Free Advantage Account now at 2.00%
- Tax-Free Advantage Account features tax-free saving, no minimum
balance and no fees for making deposits and withdrawals. - Low-risk option for your TFSA, with high interest paid on every dollar.
2.00%*| TAX-FREE ADVANTAGE ACCOUNT
Tax-free growth for your savings
The Tax-Free Advantage Account is one of Manulife Bank’s Tax-Free Savings Accounts. A Tax-Free Advantage Account is a perfect way to save for short-term goals such as a new car or a down-payment for a home. The money will grow in the account tax-free and then can be accessed at any time for any purpose without incurring fees or taxes. And contribution room is never lost. The full amount of any withdrawal will be added back to your available contribution room for the following year – so you can continue saving for your next goal.
- No minimum balance – a great rate of interest on every dollar in the account.
- $20,000 contribution room – with $5,000 more tax-free contribution room as of
January 1, 2012 you may now be able to contribute up to $20,000 tax-free.1 - No service charges or fees if you only use Internet and telephone banking services
- Transfer funds to/from your account at another Canadian financial institution
For more RATES visit Manulife Bank.
*As at April 1, 2012, the variable annual interest rate of 2.00% is applied to all funds in the account. Interest is calculated on the total daily closing balance and paid monthly. Rate is subject to change without notice.
1Subject to each individual’s contribution limits as determined by Canada Revenue Agency. See http://www.cra-arc.gc.ca/tx/rgstrd/tfsa-celi/ for details. Eligible Canadians have been allotted $5,000 contribution room each year since 2009.