Intuitively, I know having an 850 credit score isn’t really all that important.
In fact, the real “perfect credit score” is closer to the 760 mark. adults could say they earned a FICO score greater than 800.
Consolidating first and second arm mortgages
I wanted to hear what they were doing, credit-wise, to achieve such impressive scores.
To keep things fair and consistent, we asked everyone to run their FICO score using the free Discover credit score tool.
The chief disadvantage of a Manulife One account are extra costs that are imposed in two ways.
First, the Manulife One account charges interest at what the bank calls a “Base Rate”.
The second cost Manulife One imposes is the monthly fee, which is currently set at $14 per month.
That’s roughly the cost of the highest tier chequing accounts at traditional banks.
Since the Manulife One account is secured by your residence, you will also be able to borrow at a much lower rate than credit cards and personal lines of credit.
A Manulife One account can be an excellent cash management tool for anyone with irregular income streams.
National Bank Financial offers an identical product called All-in-One Banking that does not have a monthly fee on the main account and links the interest rate to Prime.