Manulife Daily Interest Accounts
Deposits begin earning interest when Manulife head office receives them. Unless you notify Manulife otherwise, all deposits and interest will remain in that account. As Manulife receives your deposits, they begin to earn interest at a rate similar to a bank savings account.
Volatility meter
Measures the level of risk. Shows how quickly the fund's value could increase or decrease, and by how much.
High = very likely
Low = less likely
Based on 3 years of ups and downs in the market.
Fund characteristics
Code
1000
Volatility and risk
This account is backed by the general assets of Manulife. It has the lowest risk, lowest volatility and earns the lowest rate of interest over the long term. Consider this account as a short-term holding account while you decide on your long-term investment strategy. Once you have determined your investment strategy, you can transfer your funds at any time.
How the Daily Interest Accounts are protected
Manulife is a member of Assuris. With Assuris, consumers may be entitled to protection against the loss of their savings and retirement income if a member financial institution becomes insolvent. You can call Assuris at 1-866-878-1225 for details about maximum coverage guarantees.
How Daily Interest Account works
Similar to a daily interest account at a bank or trust company, this account earns interest daily at the current rate for that account. While Manulife always guarantees the principal and interest, the interest rate may change at any time.
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