High-interest accounts gives clients a secure place to invest
TSX/NYSE/PSE: MFC; SEHK: 0945
WATERLOO, ON, June 19 /CNW/ - 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
"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
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$370 billion) as at March 31, 2007.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE,
and under '0945' on the SEHK. Manulife Financial can be found on the Internet
(1) As of June 19, 2007 variable annual interest rates of 4.75% ($US
Investment Savings Account) or 5% ($US Investment Savings Account F-
Class) are applied to all funds in the account. Interest is
calculated on the total daily closing balance and paid monthly. Rate
is subject to change.
For further information:
For further information: Media contact: Tom Nunn, Manulife Financial,
(519) 594-8578, firstname.lastname@example.org