High Interest eSavings Account



At Alterna Bank, we understand that you don’t always need to visit a branch to handle your day-to-day banking, and so we’ve developed our High Interest eSavings account with you in mind.

Open online in minutes.
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FEATURES

  • High interest rate on every dollar
  • No minimum balance required
  • Free, unlimited bill payments, transfers and debits1
  • Free, unlimited Interac® e-Transfers 
  • Safe and secure – eligible deposits are insured up to the maximum amount through the Canada Deposit Insurance Corporation (CDIC)2



EASY BANKING

We make banking easy, accessible, and secure - wherever you are. 

ONLINE BANKING

Bank 24 hours a day, 7 days a week. Pay your bills online and skip that trip to a mailbox or bank branch.

MOBILE

Get the full experience of online banking plus more. Whether you're checking your balances or depositing your cheques easily with Deposit Anywhere™, do it all within your fingertips. 


ME-TO-ME TRANSFER

Get your bank accounts talking to each other with a few clicks.

Available with your Alterna Bank account, Me-to-Me is a free feature that lets you link all your accounts from different financial institutions so you can transfer funds with ease.

  • Transfer funds to and from your account to another financial institution

  • Fund new accounts from your external account if other financial institutions support it
Setting up is easy! Find out more on Me-to-Me Transfers.




High Interest eSavings Accounts and rates are only available for purchase online. 

*Interest rate is annualized and subject to change without notice. Interest is calculated daily on the closing balance and paid monthly.

1Cheques and Debit card payments (point of Sale) are not permitted on eSavings.

2Only eligible deposits held in Canadian currency, having a term of five years or less and payable in Canada are insurable under the Canada Deposit Insurance Corporation Act.

For accounts opened before May 1, 2017, the maximum balance per customer is $1,000,000 (plus accrued interest).

For accounts opened on or after May 1, 2017, the maximum balance per customer is $250,000 (plus accrued interest).

Click here for our FAQs on Account Limits.