Rates

Promotional Rates

3 Year Fixed Rate Closed Mortgage (Rates effective 2018-04-17) Rates
3-Year Fixed Closed 3.20%
Special promotional rate may be changed or withdrawn at any time without notice.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.
5 Year Variable Rate Mortgage Rates
5-Year Variable Closed 3.20%
Special promotional rate may be changed or withdrawn at any time without notice.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 3.20% is the same as the Interest rate. Prime Refers to the Alterna Prime Rate. Alterna Prime Rate is 3.45% as of January 19, 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 120 days of application. Applies to owner-occupied residential properties only. Some conditions apply. Contact us for details.
5 Year Fixed Rate Mortgage Rates
5-Year Fixed Closed 3.59%
Special promotional rate may be changed or withdrawn at any time without notice.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.
Secured Line of Credit (Rates effective 2018-04-17) Rates
Secured Line of Credit 3.95%
Special promotional rate may be changed or withdrawn at any time without notice. Prime refers to the Alterna Prime Rate. Alterna Prime Rate is 3.45% as of January 19, 2018. 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 3.95% is the same as the Interest rate.

Secured Line of Credit - Introductory Offer (Rates effective 2018-04-17) Rates
Secured Line of Credit - Special Introductory Rate 3.25%
Special promotional rate may be changed or withdrawn at any time without notice. Prime refers to the Alterna Prime Rate. Alterna Prime Rate is 3.45% as of January 19, 2018. Your interest rate will change whenever the Alterna Prime rate changes. New Limits Only; Minimum limit of $10,000. Subject to credit approval. Apply by May 31, 2018 and draw a minimum of $10,000 by June 29, 2018. On September 3, 2018, interest rate will revert to the negotiated rate. Assuming no additional fees are charged, the Annual Percentage Rate (APR) is the same as the Interest rate. Other conditions may apply. Visit your local Alterna Savings branch or call us at 1-877-560-0100 for additional details.

Term Deposit Promo (Rates effective 2018-04-13) Rates
110 Day Term Deposit 2.10%
16 Month Term Deposit 2.25%
32 Month Term Deposit 2.35%
110 Day: 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.
16 and 32 Month: Special promotional rate subject to change without notice. Annual compound interest paid monthly or annually. Rate shown for annual interest. Minimum investment $500. Available to personal and non-personal accounts.

Alterna Prime Lending Rate Rates
Alterna Prime Rate 3.45%
Mortgage Rates Rates
See more mortgage rates
3-Year Variable Closed 3.45%
5-Year Variable Closed 3.45%
3-Year Fixed Closed 3.29%
4-Year Fixed Closed 3.39%
10-Year Fixed Closed 3.79%
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.
Investment Savings Account** (non-Registered & RRSP) Rates
$0.01 - $4,999.99 0.15%
$5,000.00 and Over 0.90%
Business Investment Savings Account** Rates
$0.01 - $4,999.99 0.15%
$5,000.00 and Over 0.90%
Investment Savings Account** (Tax-Free Savings Account) Rates
$0.01 - $4,999.99 0.90%
$5,000.00 and Over 0.90%
Term Deposits (Rates effective 2018-04-13) Rates
See more term deposits
1 Year Redeemable 0.85%
1 Year Closed- Annual Interest 1.25%
1 Year Closed- Monthly Interest 1.24%
2 Year Closed - Annual Interest 1.40%
2 Year Closed - Monthly Interest 1.39%
3 Year Closed - Annual Interest 1.50%
3 Year Flexi Term 1.50%
3 Year Closed - Monthly Interest 1.49%
4 Year Closed - Annual Interest 1.60%
4 Year Closed - Monthly Interest 1.59%
5 Year Closed - Annual Interest 3.10%
5 Year Closed - Monthly Interest 3.06%
5 Year Flexi Term 1.80%
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: 1.50% (Rates effective 2018-04-13) Rates
Year 1 1.20%
Year 2 1.40%
Year 3 1.90%
RateBuilder Term Deposits:  Annual compound interest paid annually or at maturity
5 year rate builder - Effective Yield: 2.80% (Rates effective 2018-04-13) 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
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.