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Products > Banking > GICs > 1-5 Year GICs

Manulife Bank and Manulife Trust 1 - 5 Year GICs: Product information

Availability - Manulife Bank GICs are available in client name and nominee name.  Manulife Trust GICs are available only in nominee name dealer accounts.

Terms available - Clients may purchase GICs with terms of 1, 2, 3, 4 and 5 years.

Interest rate - Interest rates are consistently among the top five broker rates. 1 - 5 Year GICs feature interest rates that are fixed for the duration of the term.

Eligibility – Canadian funds - non-registered, RRSP or RRIF.

Minimum deposit - $2,500 ($10,000 if monthly interest is selected – non-registered funds only).

Redemptions - Not redeemable prior to maturity with one exception – meeting the RRIF payment schedule

Interest structure - Monthly, semi-annual or annual interest payments for non-registered annual compound interest paid at maturity for non-registered, RRSP and RRIF.

Renewal process

  • Indicate renewal instructions on application at time of purchase (non-registered only), OR
  • Indicate renewal instructions on renewal notice sent to investor approximately four weeks prior to maturity.
    When there are no renewal instructions, Manulife Bank will automatically renew the investment for a similar term as originally invested.

Statements - Confirmation at time of sale; renewal notice.

Rate guarantees

New deposits

  1. Mailed documentation and deposit: we guarantee the rate for up to 5 business days from the day the client signs the application.
  2. Local bank deposit service: we guarantee the rate on the day the client signs the application and the investment proceeds are deposited using our local bank deposit service with Royal Bank.

Renewals - "Better of" rate guarantee of up to 30 days prior to renewal -- based on the greater of:

  1. The rate promised on the day you contact us1; or
  2. The rate on the day of the renewal.

RRSP, RRIF and TFSA transfers to Manulife Bank - We will guarantee the posted rate in effect on the date your client signs the application and Transfer Authorization for Registered Investments (AB0164E) for up to 30 days. This allows time for the funds to be received from the relinquishing institution.

Questions? - Call 1-800-567-9170 or email

1Rate guarantee may only be booked once during the 30 days prior to the maturity renewal.

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