Skip to main content
  • Rates

​Rates

 

Digital Rates *

eChequing and eSavings

List of rates for NO FEE ECHEQUING ACCOUNT
NO FEE ECHEQUING ACCOUNT Rate
All Balances
0.05
Interest is calculated daily on the closing balance and paid monthly
List of rates for HIGH INTEREST ESAVINGS ACCOUNT
HIGH INTEREST ESAVINGS ACCOUNT Rate
All Balances
1.50
Interest is calculated daily on the closing balance and paid monthly
List of rates for TFSA ESAVINGS ACCOUNT
TFSA ESAVINGS ACCOUNT Rate
All Balances
1.50
Interest is calculated daily on the closing balance and paid monthly
List of rates for RRSP eSavings
RRSP eSavings Rate
All Balances
1.50
Interest is calculated daily on the closing balance and paid monthly

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

Due to local and proxy caching on the Internet, please ensure that you are viewing rates as at the current day's date.

Only 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.

 

Mortgage incentives up to $1,000 available! Speak to your advisor today! We offer a 120-day rate guarantee on all mortgages. 


Digital Rates

List of rates for PRIME RATE
PRIME RATE Rate
Alterna Prime Rate (July 14, 2022)
4.70

Special Rates - Special

List of rates for Special Fixed Rate Mortgages Closed e-Rates
Special Fixed Rate Mortgages Closed e-Rates Rate
1-Year Fixed Closed*
5.14
2-Year Fixed Closed*
5.14
3-Year Fixed Closed*
5.24
4-Year Fixed Closed*
5.24
5-Year Fixed Closed*
5.29
3-Year Variable Closed**
4.15
5-Year Variable Closed**
4.15
List of rates for Fixed Rate e-Mortgages - Posted^
Fixed Rate e-Mortgages - Posted^ Rate
1-Year Fixed Closed
5.85
2-Year Fixed Closed
5.95
3-Year Fixed Closed
6.05
4-Year Fixed Closed
6.10
5-Year Fixed Closed
6.20
7-Year Fixed Closed
7.60
10-Year Fixed Closed
7.85
List of rates for VARIABLE RATE E-MORTGAGES - POSTED^
VARIABLE RATE E-MORTGAGES - POSTED^ Rate
3-Year Variable Closed
5.80
5-Year Variable Closed
5.20
* Special rate may be changed or withdrawn at any time without notice. Cannot be combined with any other offer or discount. Assuming no additional fees are charged, the Annual Percentage Rate (APR) is the same as the interest rate displayed. Rates calculated semi-annually not in advance. Subject to credit approval based on Alterna’s lending guidelines. Fixed rate is discounted from the posted rate for the same term.

**Special rate may be changed or withdrawn at any time without notice. Cannot be combined with any other offer or discount. Assuming no additional fees are charged, the Annual Percentage Rate (APR) is the same as the interest rate displayed. Rates calculated monthly not in advance. Subject to credit approval based on Alterna’s lending guidelines. Variable rate is discounted from the Alterna Prime Rate [found at top of page]. Your interest rate will change whenever the Alterna Prime Rate changes. 

^Posted rate may be changed or withdrawn at any time without notice. Assuming no additional fees are charged, the Annual Percentage Rate (APR) is the same as the interest rate displayed. If fixed, rates calculated semi-annually not in advance. If variable, rates calculated monthly not in advance and the rate is based on the Alterna Prime Rate [found at top of page]. Your interest rate will change whenever the Alterna Prime Rate changes. Subject to credit approval based on Alterna’s lending guidelines.

Registered Plans

List of rates for RRSP eSavings
RRSP eSavings Rate
All Balances
1.50
List of rates for TFSA ESAVINGS ACCOUNT
TFSA ESAVINGS ACCOUNT Rate
All Balances
1.50
List of rates for ETERM DEPOSIT ANNUAL INTEREST
ETERM DEPOSIT ANNUAL INTEREST Rate
1 Year
3.90
2 Year
4.15
3 Year
4.25
4 Year
4.30
5 Year
4.60

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

Due to local and proxy caching on the Internet, please ensure that you are viewing rates as at the current day's date.

eTerm Deposits

 Annual compound interest paid monthly or annually eTerm deposits are only available for purchase through online banking

  • 1, 2, 3, 4 and 5 Years: Interest rates are subject to change withdrawn at any time without notice.  Existing term deposits cannot be broken to receive this offer. Rate shown for annual interest. 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.

Only 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.

Registered Term Deposit Certificate T&Cs

 

eTerm Deposit Rates

List of rates for ETERM DEPOSIT ANNUAL INTEREST
ETERM DEPOSIT ANNUAL INTEREST Rate
1 Year
3.90
2 Year
4.15
3 Year
4.25
4 Year
4.30
5 Year
4.60

eTerm Deposits 

Annual compound interest paid monthly or annually eTerm deposits are only available for purchase through online banking

  • 1, 2, 3, 4 and 5 Years: 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. 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. 

Non-Registered Term Deposit Certificate T&Cs

 

                      * Don’t see your rates? Click here

                      **  Not available to residents of Quebec. Please contact us for more details 

 

CS Alterna Bank is a member of Canada Deposit Insurance Corporation (CDIC).