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So what is the difference between a chequing and savings account, and do you need both? Chequing Account A chequing account is a place for the money you use for day-to-day living expen... Savings Accounts A savings account is used to store money for a longer-term... Do I need both? Chequing and savings accounts are great tools for specific jobs – together, they offer ways to make it easier for you to manage your money... These savings accounts allow 2 withdrawals per month for free before incurring fees

That's because banks are in the business of making a profit for their shareholders... Try doing that in a traditional bank! An account for everyone Some of the earliest credit unions in Canada were established as an alternative to banks, which often made it difficult for average citizens to borrow or invest. Alterna Savings continues that tradition with special accounts for children, students, and seniors; multi-purpose business accounts; daily interest savings accounts; pay-as-you-go accounts; U... S

As parents, we’re constantly looking for ways to secure a bright future for our children. Alongside academic success, fostering financial literacy is important for preparing them for the journey ahead. At Alterna, we understand parents’ challenges in planning for their child’s financial well-being, and we’re here to make it easier for you. RESP: Investing in your child’s education Did you know that for the 202... Book an Appointment [i] The Daily — Tuition fees for degree programs, 2021/2022 (statcan

Building a strong foundation Financial literacy is like a strong foundation for a house. It provides stability and support for future financial decisions... For example, a vacation... Emergency Preparedness Teaching kids to save also prepares them for unexpected expenses or emergencies... Kids learn they are accountable for their money, there are consequences for saving and spending, and that they should manage money wisely. This lesson paves the way for responsible budgeting, saving, and investing practi

A thoughtful financial plan creates space for both enjoyment today and security tomorrow... Share to Related Articles Chequing vs Savings Account Alterna Savings and the Credit Union Difference Helping your Children Buy their First Home Choosing the Right Chequing Account The Benefit of Multiple Bank Accounts Avoiding Investment Fraud for Seniors 5 Tax Tips for the Self-Employed Safeguarding Your Personal Information Smart Ideas for your Tax Refund Navigating Rising Interest Rates: Smart Financial

 Define your retirement lifestyle The optimal retirement will look very different for everyone... Plan for hobbies upon retirement For a variety of reasons, it's important to consider the day-to-day activities you will enjoy when you don't have to go to work every day... Long-term investments, compound interest and real estate, are all things that work wonders for you over time. If you're not sure how to start planning for your retirement, give us a call... Share to Related Articles Financial Planning for

What are the benefits of a term deposit? Here are just a few great reasons to consider a term deposit for your balanced portfolio... This prov... There is something for everyone. We can help you go through your options to see what term investment makes the most sense for your savings goals... If you’re not sure if a term deposit makes sense for your short and/or long-term goals, we’re here to help. Make an appointment and we will walk through our savings solution and see if a term deposit is right for you

Not sure how to make a term deposit work for you? No problem. We’re here to show you how the flexibility of a term deposit can be the right savings tool for your . Pick your term length Term deposits must be locked in for a certain amount of time, but you can pick the term-length that makes the most sense for your needs... Interest will be paid for the duration that the term deposit was held... Make an appointment and we will walk through our savings solutions and see if a term deposit is right for you