Investing
Term Deposits
A guaranteed investment that provides a fixed rate of return for a specific time period.
Investing
Term Deposits
A guaranteed investment that provides a fixed rate of return for a specific time period.
What is a Term Deposit?
A term deposit, also known as a guaranteed investment certificate (GIC), ensures that your money remains safe and secure. No matter what happens in the financial markets, you will receive the full value of your initial investment at maturity, plus any interest it has accumulated. Alterna’s term deposits are insured in accordance with the terms of the Financial Services Regulatory Authority (FSRA).
Benefits of Term Deposits
Guaranteed Returns
Help balance risk in your portfolio with a guaranteed return
Safety and Security
Offset the impact of market fluctuations on your equity investments
Tax Savings
Provide tax benefits to help your money grow faster inside an RRSP or TFSA
Flexible Options
Available in a variety of different terms and interest rates
Our current term deposit rates
1 Year Redeemable
Term Deposit
interest rate
1 Year
Term Deposit
interest rate
2 Year
Term Deposit
interest rate
*Rates subject to change
Nest Egg Term Deposit
Searching for an easy way to earn more interest than a savings account? A Nest Egg Term Deposit can be set up with as little as $10 per month.
Interest is calculated on the daily closing balance and paid annually and at maturity.
What's the best Term Deposit for you?
Term Deposit Options
Keep your money working for you while retaining access to your cash should the need arise.
Annual compound interest paid at redemption or at maturity. If term is redeemed after 60 days prior to the 1-year anniversary, simple interest will be calculated.
Annual compound interest paid annually and at maturity.
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.
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- to 5-year Term Deposits: Compound interest paid monthly or annually.
Earn an escalating, guaranteed rate of interest, with the flexibility of being able to cash in the investment should you need the funds.
Annual compound interest paid annually at redemption or at maturity. Interest earned will be paid back into the term deposit. If redeemed any time after 90 days, but prior to the 1-year anniversary, simple interest will be calculated on the principal amount for the number of days the investment was held and paid at redemption. Available to personal accounts only.
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 it or use it for other purposes.
Annual compound interest paid annually and at maturity.
Searching for an easy way to earn more interest than a savings account? A Nest Egg Term Deposit can be set up with as little as $10 per month.
Interest is calculated on the daily closing balance and paid annually and at maturity.
Want a term deposit that offers flexibility along with annual rate increases? The RateBuilder Term Deposit has an interest rate that jumps every year to help your money grow faster. On each anniversary date, you can choose to either keep the investment or switch to another Alterna term deposit for the remainder of the term or longer.
Annual compound interest paid annually, at redemption or at maturity.
Looking for a secure investment that provides protection from exchange rate fluctuations? Consider opening a US Dollar Term Deposit.
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.
US Dollar Term Deposits are not covered under FSRA
Ways to Invest
Our advisors can help you purchase or renew your investments over the phone or in branch so you can achieve your financial goals.
Our advisors provide access to comprehensive, customized financial management built through integrity, ethics and responsibility.
Bank anywhere with our online banking options. Buy or renew GICs/Term Deposits online or set up transfers.
Tap into timely insights and tools to invest with confidence in all market conditions with Qtrade® Direct Investing TM.
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Articles
A Guaranteed Investment Certificate (GIC) is a safe and secure investment choice with a very low risk. Here are five reasons why you should consider investing in a GIC.
A term deposit can be a great addition to a balanced portfolio. Here are things to consider when determining which one makes the most sense for you.
Whether you have short-term or long-term savings goals, there is a term deposit that will provide you with the security and flexibility you need.
You may also need...
Investment Savings Account
A high-interest savings account that helps you reach your savings goals faster.
Investment Shares
Looking for a unique investment opportunity? From time to time, Alterna members are given the exclusive right to invest in their credit union through our Investment Shares. These shares are also eligible for RRSP and TFSA accounts.
TFSA
A tax-free savings account (TFSA) is so much more than a regular savings account. Your savings grow tax-free, and you can use it to hold a variety of investments. Open one today to help you reach all of your savings and investing goals.
Wealth Solutions
Alterna Wealth can help manage your investments so you can build, strengthen and preserve your wealth.
RRSP
An RRSP allows you to make tax-deductible contributions and your savings to grow tax free until withdrawn from the plan.
Ways to Apply
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