Could Manulife One Save You Money?
Answer a few questions about your mortgage, debts, income, and expenses, and we'll run a real comparison between your current setup and Manulife One, so you can see whether it's worth it for you.
Most of us keep our mortgage in one place, our savings in another, and our everyday banking somewhere else. Manulife One brings them together into a single account, so every dollar you earn goes to work reducing your interest from the moment it lands.
Interest is calculated daily on your net balance, what you owe, minus what you have on deposit. So while your money sits waiting to be spent on bills and everyday costs, it's quietly lowering the balance you're charged interest on.
A Traditional Mortgage
Your mortgage, savings, and chequing accounts stay separate. You pay interest on the full mortgage balance, and idle cash earns very little on its own.
Manulife One
Your mortgage, savings, income, and banking share one account. Interest is charged only on your net balance, so every dollar you deposit goes to work right away.
- Interest works in your favour, every day. Each deposit immediately reduces the balance you're charged interest on.
- Real payment flexibility. Only interest is required on the Main Account, and you can pay any amount, any time.
- Lower penalties. The Main Account is fully open, so there's no penalty to pay it down.
- A faster path to mortgage-free. Used effectively, it can meaningfully shorten your amortization.
- Right of survivorship. If one borrower passes away, the surviving borrower doesn't have to requalify on their own, Manulife is currently the only lender to offer this.
- Everything in one place. Your mortgage, line of credit, banking, and savings live under a single account.
Manulife One tends to be an excellent fit for people who are comfortable budgeting and disciplined with their spending, since the savings come from keeping cash in the account and letting it offset your balance.
It's worth knowing the Main Account carries a higher interest rate than a conventional mortgage, the savings come from the daily-offset structure and how you use the account, not from the rate itself.
Fill out this quick questionnaire, and we'll run the numbers to see what it could mean for you.
Once submitted, we'll run a full comparison using your numbers and follow up by email.
Thank you!
We've got your numbers. We'll run your Manulife One comparison and follow up by email to walk you through what we find.