✓ Verified math — proven against independent references and last checked October 15, 2026; the full proof is under "How this is figured," below the results.
New to the account? Read the plain-language program page first.
The all-in-one account against a conventional mortgage — same money in on both sides. The account's edge is that every idle dollar works daily and every surplus dollar lands automatically; when a client's habits favour the conventional route instead, this model says so. The plain-language walkthrough lives on the program page.
The main account floats with prime. At prime 4.45% (checked September 29, 2026 against the Bank of Canada’s published prime series), this desk’s pricing runs from 4.95% on accounts under $200,000 to 4.70% from $200,000 and prime flat, 4.45%, from $500,000 — tiers negotiated for this desk’s files and confirmed on each one. Manulife Bank publishes its own posted base rate on manulifebank.ca, and fixed-rate sub-accounts are priced separately by term. The calculator above uses today’s prime and picks the tier from the account size you enter.
Prime plus a spread. Prime moves with the Bank of Canada’s policy rate on its eight scheduled dates a year; the spread depends on the total account limit and improves as the account grows. Interest is calculated daily on the net balance — a deposit reduces it the day it lands — and charged monthly, which is why idle cash matters so much in this account.
A monthly account fee of $16.95, or $9.95 for clients 60 and over. Prepayment room is either a payment increase of up to 25% or a lump sum of up to 20% a year — one or the other, not both. This calculator leaves the fee out of the interest comparison and says so in its assumptions.
Both, in one account. It is a revolving line secured on the home — up to 80% of the home’s value in total, with the revolving portion capped at 65% on an owner-occupied home (50% for investment use) — that also serves as the chequing account. Any amount can be locked into fixed-rate sub-accounts that behave like conventional mortgage portions, with scheduled amortizing payments.
There is no fixed payment on the main account: the minimum is the month’s interest, and the balance falls whenever deposits exceed spending. That is exactly what this calculator models — monthly net income against monthly spending, not a scheduled payment — and it is why the same account can pay off years early for one household and drift for another. Fixed sub-accounts carry ordinary amortizing payments.
Account structure, sub-accounts, desk pricing tiers, and whether this chassis fits the client at all — that's a file-by-file conversation, and it's ours.
Arrange a confidential introductionRamin Hallaji, Principal, licensed in British Columbia (BCFSA) and Alberta (RECA) — a private-client desk of Mortgage Guru Financial, Dominion Lending Centres Group · 778-879-6768 · ramin@mortgageguru.ca · Legal & licensing · Privacy policy
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Illustration only — not an offer of financing and not financial advice. The fair model: both sides move at least the conventional payment; the account additionally captures the monthly surplus automatically and idle cash offsets the interest-bearing balance, while the conventional side's surplus sits in chequing (extra prepayments there are manual). Fixed sub-accounts (when the revolving cap binds) amortize over 30 years at an estimated fixed rate; main-account pricing uses desk tiers off prime (soft, confirmed per file); the account's monthly fee ($16.95, $9.95 at 60+) and any promotional credits are excluded from the interest figures. Rates shown are September 2026 desk figures — editable and perishable. Private Wealth Financing arranges mortgage financing only.