Manulife Guaranteed Interest Accounts
Guaranteed returns when held to maturity
Principal and interest backed by the assets of Manulife
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
1003
Term
3 years
Volatility and risk
These accounts offer good returns and excellent investment security. Consider these accounts if you are an investor who needs guaranteed security for your investment and can commit to investments for a fixed period of time. There is no volatility associated with the return in this account and there is minimal risk as this is a guaranteed investment backed by the general assets of Manulife.
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 GIAs work
Similar to Guaranteed Investment Certificates (GICs) offered by banks and trust companies, these accounts guarantee an interest rate from the day you invest your money until maturity. At maturity, your original investment and interest earned will reinvest for the same term unless you provide Manulife with different instructions prior to maturity.
When contributions are invested in these accounts, they earn the current interest rate at the time of the deposit. Interest is credited to the account monthly, and is compounded annually. Each contribution made to a GIA accumulates for the term selected at the guaranteed rate in effect on the date Manulife’s head office receives it. The GIA operates on a compound interest basis which means that the guaranteed interest rate applies to both principal and interest.
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