Manulife Bank is launching two new $US Investment Savings Accounts. The new accounts offer security and liquidity at a high interest rate on every dollar.

The current annual interests rates are 4.75% for the $US Investment Savings Account, and 5% for the $US Investment Savings Account F-Class.

Both accounts can be used for eligible registered plans such as RRSPs, RRIFs, RESPs and LIFs, as well as non-registered investment accounts. They are available to Canadian residents through their financial advisors.

“Canadians are becoming more aware of the need to diversify their investments internationally,” says Roman Fedchyshyn, president and CEO of Manulife Bank. “Our $US Investment Savings Accounts allow people to diversify the secure, liquid portion of their investment portfolios into the currency of the world’s largest economy.”

“Banking products play an important role in financial plans. By working with an advisor, Canadians can be better assured that all their wealth management components work well together and work towards the client’s overall financial goals,” says Fedchyshyn.

The new U.S. dollar accounts join Manulife Bank’s suite of premium banking products that includes Advantage Account, a high-interest full-access chequing account, $US Advantage Account, a high-interest savings account designed to help Canadians grow their U.S. cash and Manulife One, an all-in-one mortgage, chequing account and line of credit.