Rates

Promotional Rates

1 Year Redeemable Promo (Rates effective 2016-12-19) Rates
1 Year Redeemable Term Deposit - New Deposits Only 1.50%
Rate subject to change without notice. Available for new deposits only. Annual compound interest paid at maturity. If term is redeemed after 60 days prior to the 1 year anniversary, simple interest will be calculated. Rate shown for annual interest. Maximum investment $500,000. Available to personal accounts only. Visit alterna.ca or an Alterna branch for details.

28 Month Term Deposit (Rates effective 2016-12-19) Rates
28 Month Term Deposit 1.75%
Rate subject to change without notice. Annual compound interest paid monthly or annually. Rate shown for annual interest. Maximum investment $500,000.
38 Month Term Deposit (Rates effective 2016-12-19) Rates
38 Month Term Deposit 1.95%
Rate subject to change without notice. Annual compound interest paid monthly or annually. Rate shown for annual interest. Maximum investment $500,000.
3 Year Nest Egg Term Deposit (Rates effective 2016-12-19) Rates
3 Year Nest Egg Term Deposit 1.75%
Rate subject to change without notice. Interest calculated on the daily closing balance and paid annually. Rate shown for annual interest.
5 Year Fixed Rate Mortgage Rates
5-Year Fixed Rate Closed Term 2.84%
Special promotional rate may be changed or withdrawn at any time without notice.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) of 2.84% is the same as the Interest rate. Applies to owner-occupied residential properties only. Conditions may apply. Contact us for details.
5 Year Variable Rate Mortgage Rates
5-Year Variable Rate Closed Term 2.60%
Special promotional rate may be changed or withdrawn at any time without notice.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) of 2.60% is the same as the Interest rate. Prime refers to the Alterna Prime Rate. Alterna Prime Rate is 2.70% as of February 10, 2016. Your interest rate will change whenever the Alterna Prime rate changes.  Applies to owner-occupied residential properties only. Conditions may apply. Contact us for details.
Secured Line of Credit Rates
Secured Line of Credit 3.20%
Special promotional rate may be changed or withdrawn at any time without notice. Prime refers to the Alterna Prime Rate. Alterna Prime Rate is 2.70% as of February 10, 2016. Your interest rate will change whenever the Alterna Prime rate changes. New Limits Only; Minimum limit of $10,000.  Subject to credit approval.   Other conditions may apply. Contact us for details. Assuming no additional fees are charged, the Annual Percentage Rate (APR) of 3.20% is the same as the Interest rate.
Alterna Prime Lending Rate Rates
Alterna Prime Rate 2.70%
Mortgage Rates Rates
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3-Year Variable Rate Closed Term 2.65%
5-Year Variable Rate Closed Term 2.70%
3-Year Fixed Rate Closed Term 2.59%
4-Year Fixed Rate Closed Term 2.84%
Investment Savings Account** (non-Registered & RRSP) Rates
$0.01 - $4,999.99 0.15%
$5,000.00 and Over 0.70%
Business Investment Savings Account** Rates
$0.01 - $4,999.99 0.15%
$5,000.00 and Over 0.70%
Investment Savings Account** (Tax-Free Savings Account) Rates
$0.01 - $4,999.99 0.70%
$5,000.00 and Over 0.70%
Term Deposits (Rates effective 2016-12-19) Rates
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1 Year Redeemable 0.75%
1 Year Fixed - Annual Interest 1.15%
1 Year Fixed - Monthly Interest 1.14%
2 Year Closed - Annual Interest 1.20%
2 Year Closed - Monthly Interest 1.19%
3 Year Closed - Annual Interest 1.20%
3 Year Closed - Monthly Interest 1.19%
4 Year Closed - Annual Interest 1.35%
4 Year Closed - Monthly Interest 1.34%
5 Year Closed - Annual Interest 1.60%
5 Year Closed - Monthly Interest 1.59%
5 Year Flexi Term 1.60%
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
3 year rate builder - Effective Yield: 1.20% (Rates effective 2016-12-19) Rates
Year 1 1.00%
Year 2 1.20%
Year 3 1.40%
RateBuilder Term Deposits:  Annual compound interest paid annually or at maturity
5 year rate builder - Effective Yield: 1.60% (Rates effective 2016-12-19) Rates
Year 1 0.80%
Year 2 1.30%
Year 3 1.40%
Year 4 1.50%
Year 5 3.01%
RateBuilder Term Deposits:  Annual compound interest paid annually or at maturity
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.