Referral Products: Manulife One
About Manulife One
Most Canadians manage their finances by doing two things:
Depositing their income and other short-term assets into chequing and savings accounts.
Borrowing when they need to, through mortgages, lines of credit,
personal loans, and credit cards.
Sounds simple enough. Unfortunately, they usually receive low or no interest on the money they deposit, while they pay high interest on the money they borrow.
Wouldn’t it make more sense if the deposits and borrowings were combined? Why not have every dollar you earn paying down your debts until you need to spend that money?
Manulife One does just that – and more! It brings your mortgage, savings and income together into one multi-purpose “borrowing and chequing” account.
Now, your income can instantly reduce what you have borrowed. As you pay bills and other expenses throughout the month, the amount you owe will slowly go back up, but you’ll still be much further ahead. With Manulife One, every day that even a dollar of your income stays in your account, you have less debt and so, you pay less interest.
The idea behind Manulife One is simple: having your income and savings work harder to reduce your total debt faste
Ask if this is right for you
- Referral Product Manulife Bank offers an account that could save you thousands. I am authorized to refer you if you’re interested.
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