Flexi-Growth Term Deposit


Flexi-Growth 2 & 3 Year Term Deposits Non-Registered, TFSA, and RRSP Eligible

Key Differentiating Features

  • Provides the opportunity to cash in the term any time after 90 days, at no penalty, while taking advantage of competitive interest rates.
  • Interest is not tiered. For example, if redeemed within the 18 - 24 month range, earned interest is 1.10% from the start date of the investment based on the example chart below.
  • Interest will be compounded annually and paid at redemption or maturity, interest earned is automatically reinvested into the term deposit.
  • Deposits insured by Deposit Insurance Corporation of Ontario (DICO).

Features and benefits:

  • Flexible – access your funds whenever you need them with no penalty
  • Increase your earnings the longer you hold it - whenever you choose to redeem, you will earn the interest rate at your redemption level for the full duration that you held the term deposit (no tiered interest rates!)
  • Competitive rates
  • Available for registered and non-registered
  • Have a minimum of $500 to invest ($100 if under 19 years of age)
  • Alterna’s 2- and 3-Year Flexi-Growth Term Deposits can be redeemed in full any time after 90 days (no partial redemptions permitted)
  • No penalties for redemptions

Visit your nearest Alterna Savings branch, or give us a call to purchase today!

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2 and 3 Year Flexi-Growth Term Deposits: Annual compound interest paid annually, at redemption or at maturity. Interest earned must be reinvested back into the term deposit. Redemption available any time after 90 days. No partial redemptions permitted. If term is redeemed any time after 90 days prior to the 1 year anniversary, simple interest will be calculated on the principal amount for the number of days in the term and paid at redemption (principal x rate x number of days / 365 days). Minimum investment $500. Available to non-personal accounts only. Due to local and proxy caching on the Internet, please ensure that you are viewing rates as at the current day’s date