Manulife Investments GIC specialty account types

For deposits made up to November 13, 2020.

Specialty account types are GICs that can diversify and add flexibility to a portfolio. Specialty account types from Manulife Investment Management offer very competitive rates and 30-day rate guarantees. In addition, a Manulife Investments GIC provides insurance company benefits, such as tax advantages for nonregistered contracts, the ability to pass on money tax free to beneficiaries, and potential creditor protection. A large case program¹ is also available for investors with GIC assets of $500,000 or more.

Two investment options are available:

1. Laddered GIC Account

  • Helps provide protection against fluctuating interest rates
  • Offers diversification as a portion of the investment matures each year and is reinvested at attractive long-term rates
  • Provides the flexibility to cash in if the need arises²

2. Escalating Rate GIC Account:

  • The interest rate is guaranteed to increase each year of the term
  • Has a higher effective yield to maturity than the corresponding basic GIC account (cashable) rate
  • Offers the ability to lock in now for attractive rates in later years
  • Provides the flexibility to cash in if the need arises²

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GIC refers to a guaranteed interest contract. 1 The large case program applies to the basic GIC accounts (cashable/noncashable) and the laddered GIC account only. 2 Surrender charges may apply if withdrawals are made prior to the maturity date.Withdrawals may be subject to legislative or contractual restrictions.