The Bank of Canada holds its key interest rate at 2.25%.

Alterna Bank uses cookies on this site to improve your experience. Select ‘Accept All’ for a more optimized experience or select ‘Manage Preferences’ to customize your choices. For more details, consult our Privacy Policy.
Select Type
These cookies power core website features and secure areas. They're necessary for site services and don't gather personal information or track your browsing.
Select Type
Helps us improve our website by understanding how visitors use and interact with it. Measures site traffic and creates statistics to help enhance your browsing experience.
Allows the website to provide enhanced functionality and personalization.
We don't have cookies of this type
Enables Alterna Bank and our partners to show you relevant, personalized ads based on your interests and location.
We don't have cookies of this type
The Bank of Canada holds its key interest rate at 2.25%.
Loan Calculator
Our Loan Calculator helps to determine the amount you can borrow and what your repayment schedule might be.
These calculators are made available to you as tools for independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy. All examples are hypothetical and are for illustrative purposes only. Please visit your branch to seek personalized advice from qualified professionals for all personal finance issues.
These calculators are intended for Personal accounts. For Business accounts (Commercial, Business and Community), please consult with your Alterna Account Manager.