Term Deposits

Promotional Term Deposits (Rates effective 2019-10-16) Rates
90 Day Term Deposit 1.45%
20 Month Term Deposit 2.10%
90 Days: Special promotional rate may be changed or withdrawn at any time without notice.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. Existing term deposits cannot be broken to receive this offer. 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. Cashable upon maturity only. 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.
20 Months: Special promotional rate may be changed or withdrawn at any time without notice.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. 
Short Term (Rates effective 2019-10-16) Rates
30 - 59 Days 0.25%
60 - 89 Days 0.40%
90 - 119 Days 0.50%
120 - 179 Days 0.60%
180 - 269 Days 0.60%
270 - 364 Days 0.65%
* Interest is paid at maturity. Minimum deposit is $500 ($100 for Student Life and Youth Start accounts).
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).
Long Term Annual Interest (Rates effective 2019-10-16) Rates
1 Year Redeemable 0.75%
1 Year 1.60%
18 - 23 Months 1.65%
2 Years 1.70%
3 Years 1.80%
4 Years 1.95%
5 Years 2.05%
* Minimum deposit $500 ($100 for Student Life and Youth Start accounts).
1 – 5 Year Term Deposits: Annual compound interest paid monthly or annually
1 Year Redeemable: Annual compound interest paid at redemption or at maturity
18-23 Month Term Deposit: Annual compound interest paid annually and at maturity 
Flexi Term Deposit (Rates effective 2019-10-16) Rates
3 Year Flexi Term 1.50%
5 Year Flexi Term 1.80%
Flexi Term Deposit: Minimum $2500. Annual compound interest paid annually and at maturity 
Nest Egg Term Deposit (Rates effective 2019-10-16) Rates
1 Year Nest Egg 0.3%
3 Year Nest Egg 0.5%
** non-registered, RRSP & TFSA eligible.
3 Year RateBuilder - Effective Yield 1.50 (Rates effective 2019-10-16) Rates
Year 1 1.20%
Year 2 1.40%
Year 3 1.90%
RateBuilder Term Deposits:  Minimum deposit $500. Annual compound interest paid annually or at maturity
5 Year RateBuilder - Effective Yield 2.60 (Rates effective 2019-10-16) Rates
Year 1 1.10%
Year 2 1.30%
Year 3 1.80%
Year 4 3.40%
Year 5 5.40%
Special promotional rate may be changed or withdrawn at any time without notice. 2.60% 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.
2 Year Business Escalating Redeemable Term Deposit (Rates effective 2019-10-16) Rates
0 to 6 Months 0.40%
6 to 12 Months 0.60%
12 to 18 Months 1.10%
18 to 23 Months 1.45%
23 to 24 Months 1.70%
3 Year Business Escalating Redeemable Term Deposit (Rates effective 2019-10-16) Rates
0 to 12 Months 0.50%
12 to 18 Months 1.10%
18 to 24 Months 1.45%
24 to 30 Months 1.60%
30 to 35 Months 1.70%
35 to 36 Months 1.80%
2 and 3 Year Business Escalating Redeemable Terms: 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.
US Dollar Short Term Deposit (Rates effective 2019-10-16) Rates
30 - 59 Days 0.05%
60 - 89 Days 0.10%
90 - 119 Days 0.20%
120 - 179 Days 0.25%
180 - 269 Days 0.35%
270 - 364 Days 0.40%
- US Dollar Short Term Deposit: *$500 minimum or $100 minimum for Youth Start and Student Life. 
- US Dollar 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)
US Dollar Long Term Deposit (Rates effective 2019-10-16) Rates
1 Year 0.45%
2 Year 0.50%
3 Year 0.60%
4 Year 0.80%
5 Year 1.10%
- US Dollar Long Term Deposit: *$500 minimum or $100 minimum for Youth Start and Student Life. 
- US Dollar Term Deposits of 1 to 5 years: Annual compound interest paid monthly or annually.
- Due to local and proxy caching on the Internet, please ensure that you are viewing rates as at the current day's date.