Rates

Prime Lending Rate

Prime Lending Rate (Rates effective 2018-10-26) Rates
Alterna Prime Rate 3.95%
Promotional Rates
Promotional Variable Rate Mortgages (Rates effective 2018-11-16) Rates
5-Year Variable Closed Term 3.45%
Special promotional rate may be changed or withdrawn at any time without notice. Cannot be combined with any other offer or discount. Rate guaranteed for a maximum of 60 days. Rate guarantee does not apply to the Alterna prime rate. Assuming no additional fees are charged, the Annual Percentage Rate (APR) is the same as the Interest rate. Prime Refers to the Alterna Prime Rate. Alterna Prime Rate is 3.95% as of October 26, 2018. Your interest rate will change whenever the Alterna Prime rate changes. Rates calculated monthly not in advance. Maximum Amortization of 25 years. Maximum property value of $1,000,000. Funds must be advanced within 60 days of application. Applies to owner-occupied residential properties only. Some conditions apply. Due to local and proxy caching on the Internet, please ensure that you are viewing rates as at the current day's date. Visit your local Alterna Savings branch or call us at 1-877-560-0100 for additional details.

Promotional Fixed Mortgages (Rates effective 2018-11-16) Rates
3-Year Fixed Closed 3.79%
5-Year Fixed Closed 3.89%
Special promotional rate may be changed or withdrawn at any time without notice. Cannot be combined with any other offer or discount. Assuming no additional fees are charged, the Annual Percentage Rate (APR) is the same as the Interest rate. Rates calculated semi-annually not in advance. Maximum Amortization of 25 years. Maximum property value of $1,000,000. Funds must be advanced within 120 days of application. Applies to owner-occupied residential properties only. Some conditions apply. Due to local and proxy caching on the Internet, please ensure that you are viewing rates as at the current day's date. Visit your local Alterna Savings branch or call us at 1-877-560-0100 for additional details.
Term Deposit Promo (Rates effective 2018-12-01) Rates
85 Day Term Deposit 2.20%
1 Year Term Deposit 2.75%
18 Month Term Deposit 3.05%
30 Month Term Deposit 3.15%
5 Year Term Deposit 3.40%
85 Day Term Deposit: Special promotional rate may be changed or withdrawn at any time without notice. Available for new deposits only or new registered contributions which can include existing funds on deposit. 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). Rate shown for annual interest. Minimum investment $500; Maximum investment $500,000. Available to 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.

12 Month Term Deposit: Special promotional rate may be changed or withdrawn at any time without notice. Existing term deposits cannot be broken to receive this offer. Rate shown for annual interest. Annual compound interest paid monthly or annually. Minimum investment $500 ; Maximum investment $500,000. Cashable upon maturity only. Available to personal and non-personal accounts. Due to local and proxy caching on the Internet, please ensure that you are viewing rates as at the current day's date.

18 Month, 30 Month & 5 Year Term Deposit: Special promotional rate may be changed or withdrawn at any time without notice. Existing term deposits cannot be broken to receive this offer. Rate shown for annual interest.  Annual compound interest paid monthly or annually.   Minimum investment $500. Cashable upon maturity only. Available to personal and non-personal accounts. Due to local and proxy caching on the Internet, please ensure that you are viewing rates as at the current day's date.
Term Deposit US Dollar Promo (Rates effective 2018-12-01) Rates
1 Year Term Deposit - USD 1.25%
1 Year Term Deposit - USD: Special promotional rate may be changed or withdrawn at any time without notice. Rate shown for annual interest. Annual compound interest paid monthly or at maturity. Minimum investment $500. Available to personal and non-personal accounts. Due to local and proxy caching on the Internet, please ensure that you are viewing rates as at the current day's date. 

Alterna Prime Lending Rate Rates
Alterna Prime Rate 3.95%
Investment Savings Account** (non-Registered & RRSP) Rates
$0.01 - $4,999.99 0.15%
$5,000.00 and Over 1.20%
Business Investment Savings Account** Rates
$0.01 - $4,999.99 0.15%
$5,000.00 and Over 1.20%
Investment Savings Account** (Tax-Free Savings Account) Rates
$0.01 - $4,999.99 1.20%
$5,000.00 and Over 1.20%
Term Deposits (Rates effective 2018-12-01) Rates
See more term deposits
1 Year Redeemable 0.85%
3 Year Flexi Term 1.50%
Note: The 1, 2, 3, 4 and 5-year annual interest term deposits, 3 and 5-year rate builder and 18-month fixed term deposits are also available as TFSAs.
1 Year Redeemable: Annual compound interest paid at redemption or at maturity
1 – 5 Year Term Deposits: Annual compound interest paid monthly or annually
19-23 Month Term Deposit: Annual compound interest paid annually and at maturity
Flexi Term Deposit: Annual compound interest paid annually and at maturity. Due to local and proxy caching on the Internet, please ensure that you are viewing rates as at the current day's date. These interest rates and terms are subject to change without notice.
3 year rate builder - Effective Yield: 1.50% (Rates effective 2018-12-01) Rates
Year 1 1.20%
Year 2 1.40%
Year 3 1.90%
RateBuilder Term Deposits:  Annual compound interest paid annually or at maturity. Due to local and proxy caching on the Internet, please ensure that you are viewing rates as at the current day's date. These interest rates and terms are subject to change without notice.
5 year rate builder - Effective Yield: 2.80% (Rates effective 2018-12-01) Rates
Year 1 1.20%
Year 2 1.40%
Year 3 1.90%
Year 4 3.50%
Year 5 6.00%
Special promotional rate may be changed or withdrawn at any time without notice. 2.80% refers to the effective yield of the 5 year term. Annual compound interest paid annually or at maturity. Rate shown for annual interest. Minimum investment $500. Available to personal and non-personal accounts. Visit an Alterna Savings branch for details.
RateBuilder Term Deposits:  Annual compound interest paid annually or at maturity. Due to local and proxy caching on the Internet, please ensure that you are viewing rates as at the current day's date. 
Rates are subject to change without notice and are for information only. Promotional rates on term deposits are for registered and non-registered deposits. For more information about personal loan rates contact us.
**Interest is calculated on daily closing balance and paid monthly. Rates subject to change at any time.
Due to local and proxy caching on the Internet, please ensure that you are viewing rates as at the current day's date.