No matter what your investment plan is, Alterna has a term deposit that fits. Come in and talk with us. We’d be delighted to help you determine which products will work best for you.

There are three easy ways to apply.
Have an account already? Please use the “call us” or “Find us” options below.

18 – 24 Month Term Deposit

• 18, 19, 20, 21, 22, 23 or 24 months terms available 
• Non-redeemable
• Minimum deposit $500 ($100 for Student and Youth Start accounts)
• Non-registered, TFSA, RRSP, or RRIF eligible

Annual compound interest paid annually and at maturity

1 Year Redeemable Term Deposit

Keep your money working for you while retaining access to your cash if the need arises.

• Redeemable with interest after 60 days
• Minimum deposit $500  ($100 for Student Life and Youth Start accounts)
• Non-registered, RRSP and RRIF eligible
• Not redeemable prior to 60 days

Annual compound interest paid at redemption or at maturity

Flexi Term Deposit

Want the best of both worlds? The Flexi Term Deposit gives you a competitive, guaranteed interest rate, plus you have the option to withdraw a portion of your funds each year, should you want to reinvest or use it for other purposes.

• 5 year term available with the option to withdraw up to 20% of the initial investment on the anniversary date
• 3 year term available with the option to withdraw up to 33% of the initial investment on the anniversary date
• No obligation to reinvest the amount redeemed
• Minimum deposit $2,500
• Non-registered, RRSP and RRIF eligible

Annual compound interest paid annually and at maturity

Regular Term Deposit

Are you looking for a simple, safe investment? A regular term deposit may be the ticket. It provides a guaranteed return, no risk, and lots of choice.

• Terms from 30 days to 5 years
• Cashable upon maturity only
• Minimum deposit $500 ($100 for Student Life and Youth Start accounts)
• On terms under 1 year, interest is calculated monthly and paid at maturity
• Non-registered, RRSP and RRIF eligible
• 1 to 5 year terms are TFSA eligible

Term Deposits of 364 days or less: Simple interest calculated on the principal amount for the number of days in the term deposit and paid at maturity. (principal x rate x number of days / 365 days)
1 – 5 Year Term Deposits: Annual compound interest paid monthly or annually

Nest Egg Term Deposit

It will earn you more interest than a savings account—and it’s easy! Just set up your account to automatically deposit as little as $10 per month.

• 1, 3 and 5 year terms available
• Regular monthly deposits required
• Minimum monthly contribution $10
• Weekly & biweekly contribution options
• Cashable upon maturity only
• Non-registered, TFSA, RRSP eligible (not available with RRIF)

Interest is calculated on the daily closing balance and paid annually and at maturity

RateBuilder Term Deposit

Do you want annual rate increases and flexibility? The RateBuilder Term Deposit’s interest rate jumps every year, so your money can really grow. And on each anniversary date you can choose to re-invest in another Alterna term deposit for the remainder of the term or longer if you wish.

• Minimum deposit $500
• 3 year term with re-investment options available on the 1st and 2nd anniversary (available on a promotional basis)
• 5 year term with re-investment options available on the 3rd and 4th anniversary (available on a promotional basis)
• Non-registered, TFSA, RRSP and RRIF eligible
• Cashable upon maturity only 

Annual compound interest paid on redemption or at maturity

U.S. Dollar Term Deposit

If you want to protect your U.S. dollars from exchange rate fluctuations while earning interest at a guaranteed rate then this is the perfect investment for you. What other benefits can you expect from our U.S. Dollar Term Deposits?

• Flexible terms available - up to one year and between one and five years
• Competitive interest rates - guaranteed for the term of your investment

US Dollar Term Deposits are not CDIC/DICO eligible.
US Dollar Term Deposits of 364 days or less: Interest calculated monthly and paid on maturity. Simple interest calculated on the principal amount for the number of days in the term deposit and paid at maturity. (principal x rate x number of days / 365 days)
US Dollar Term Deposits of 1 to 5 years: Annual compound interest paid monthly or annually