Rates

Featured Rates

High Interest eSavings Account Rates
All Balances 1.90%

*Interest rate is annualized and subject to change without notice. Interest is calculated daily on the closing balance and paid monthly. High Interest eSavings Accounts and rates are only available for purchase online.

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).

No Fee eChequing Account Rates
All Balances 0.05%

*Interest rate is annualized and subject to change without notice. eChequing Accounts and rates are only available for purchase online.

Interest is calculated daily on the closing balance and paid monthly. $1,000,000 maximum balance (plus accrued interest).

TFSA eSavings Account Rates
All Balances 1.90%

*Interest rate is annualized and subject to change without notice. Interest is calculated daily on the closing balance and paid monthly. TFSA eSavings Accounts and rates are only available for purchase online.

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).

RRSP eSavings Account Rates
All Balances 1.90%

*Interest rate is annualized and subject to change without notice. Interest is calculated daily on the closing balance and paid monthly. RRSP eSavings Accounts and rates are only available for purchase online.

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).

eTerm Deposit Annual Interest (Rates effective 2017-09-15) Rates
1 Year 1.50%
2 Year 1.60%
3 Year 1.80%
4 Year 1.80%
5 Year 2.10%

Minimum Deposit $500
1-5 Year eTerm Deposits: Annual compound interest paid monthly or annually
eTerm Deposits and rates are only available for purchase online.

Term Deposit Promo (Rates effective 2017-09-15) Rates
88 Day Term Deposit 1.75%
111 Day Term Deposit 1.75%
17 Month Term Deposit 1.95%
31 Month Term Deposit 2.15%

88 and 111-Day Term Deposits:
Special promotional rate subject to change 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. Maximum investment $500,000. Available to personal accounts only. Visit alterna.ca or an Alterna branch for details.

17 and 31-Month Term Deposits:
Special promotional rate subject to change without notice. Annual compound interest paid monthly or annually. Rate shown for annual interest. 

Investment Savings Account** (non-Registered & RRSP) Rates
$0.01 - $4,999.99 0.15%
$5,000.00 and Over 0.80%
Investment Savings Account** (Tax-Free Savings Account) Rates
$0.01 - $4,999.99 0.80%
$5,000.00 and Over 0.80%
Term Deposits Rates
See more term deposits
1 Year Redeemable 0.75%
1 Year Closed - Annual Interest 1.15%
1 Year Closed- Monthly Interest 1.14%
2 Year Closed - Annual Interest 1.30%
3 Year Closed - Annual Interest 1.40%
2 Year Closed - Monthly Interest 1.29%
3 Year Closed - Monthly Interest 1.39%
3 Year Flexi Term 1.40%
4 Year Closed - Annual Interest 1.50%
4 Year Closed - Monthly Interest 1.49%
5 Year Closed - Annual Interest 1.70%
5 Year Flexi Term 1.70%
5 Year Closed - Monthly Interest 1.69%

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
18-23 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: 1.40% (Rates effective 2017-09-15) Rates
Year 1 1.20%
Year 2 1.40%
Year 3 1.60%

RateBuilder Term Deposits:  Annual compound interest paid annually or at maturity

5 year rate builder - Effective Yield: 1.70% (Rates effective 2017-09-15) Rates
Year 1 1.00%
Year 2 1.30%
Year 3 1.50%
Year 4 1.70%
Year 5 3.01%

RateBuilder Term Deposits:  Annual compound interest paid annually or at maturity

Alterna Prime Lending Rate (Rates effective 2017-09-08) Rates
Alterna Prime Rate 3.20%

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.


Click here for our FAQs on Account Limits.