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Agency Branch Rates

 

Chequing and Savings

List of rates for Investment Savings Account
Investment Savings Account Rate
$0.01 - $4,999.99
0.05
$5,000.00 and Over
0.35
List of rates for Investment Savings Account (Tax-Free Savings Account)
Investment Savings Account (Tax-Free Savings Account) Rate
All Balances
0.35
List of rates for DAILY INTEREST SAVINGS ACCOUNT
DAILY INTEREST SAVINGS ACCOUNT Rate
$5,000.01 - $10,000
0.05
$10,000.01 - $25,000
0.05
Over $25,000
0.05
List of rates for Business Investment Savings Account
Business Investment Savings Account Rate
$0.01 - $4,999.99
0.05
$5,000.00 and Over
0.15
List of rates for US Chequing
US Chequing Rate
$200 - $5,000
0.05
$5,000.01 - $25,000
0.05
Over $25,000
0.05

Chequing Account

  • Best rate from first dollar on total closing balance.

Personal & Business Investment Savings Account

  • Interest is calculated on daily closing balance and paid monthly. Rates subject to change at any time.

Daily Interest Savings Account

  • Tier rate paid on the portion of the balance within each tier. Annualized interest rate calculated on the daily closing balance and paid monthly.

US Chequing

  • Tier rate paid on the portion of the balance within each tier. Annualized interest rate calculated on the daily closing balance and paid monthly. Interest paid in US funds. Not covered by CDIC.
  • Rates are subject to change without notice and are for information only. 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.

Mortgage Rates

List of rates for PRIME RATE
PRIME RATE Rate
Alterna Prime Rate (June 3, 2022)
3.70

Promotional Rates

List of rates for Promotional Mortgage Rates
Promotional Mortgage Rates Rate
3-Year Fixed Rate Closed - High Ratio Only*
4.84
5-Year Fixed Rate Closed- High Ratio Only*
4.94
5-Year Variable Rate Closed - High Ratio Only**
2.70


Special Rates - Special

List of rates for Special Fixed Rate Mortgages Closed
Special Fixed Rate Mortgages Closed 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^^
2.90
5-Year Variable Closed^^
2.90


Posted Rates - Posted ~

List of rates for Fixed Rate Mortgages - Closed
Fixed Rate Mortgages - Closed Rate
6-Month Fixed Closed
6.05
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 Fixed Rate Mortgages - Open
Fixed Rate Mortgages - Open Rate
6-Month Fixed Open
8.00
1-Year Fixed Open
7.05
1-Year Fixed Open - Second Mortgage
7.50
List of rates for Variable Rate Mortgages - Closed
Variable Rate Mortgages - Closed Rate
3-Year Variable Closed
4.80
5-Year Variable Closed
4.20
List of rates for Variable Rate Mortgage - Open
Variable Rate Mortgage - Open Rate
3-Year Variable Open
5.40

* Promotional rate may be changed or withdrawn at any time without notice. Cannot be combined with any other offer or discount. Applicable for a high ratio mortgage with a 25-year amortization period and less than a 20% down payment. Applicable for purchases of a property valued at under $1,000,000 or subsequent renewing of such a loan. Borrower must purchase mortgage default insurance. Applicable for members switching their existing high ratio mortgage to Alterna. The switched mortgage must an active mortgage default insurance certificate. 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. Blends and refinances are not eligible. Applies to owner-occupied primary residential properties only. Fixed rate is discounted from the posted rate for the same term.

** Promotional rate may be changed or withdrawn at any time without notice. Cannot be combined with any other offer or discount. Applicable for a high ratio mortgage with a 25-year amortization period and less than a 20% down payment. Applicable for purchases of a property valued at under $1,000,000 or subsequent renewing of such a loan. Borrower must purchase mortgage default insurance. Applicable for members switching their existing high ratio mortgage to Alterna. The switched mortgage must an active mortgage default insurance certificate. 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. Blends and refinances are not eligible. Applies to owner-occupied primary residential properties only. 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. 

^ 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 open, the mortgage is open to prepayment, without penalty. 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

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.Minimum investment/deposit $500 ($100 for Student Life and Youth Start accounts); Maximum investment $500,000. Cashable upon maturity only. Due to local and proxy caching on the Internet, please ensure that you are viewing rates as at the current day's date. 
 
  • 120 Days: 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). Available to personal accounts only. 
  • 18 and 32 Months: Available to personal and non-personal accounts. 
  • Term Deposits of 364 days or less: 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).
  • 1 – 5 Year Term Deposits: Annual compound interest paid monthly or annually.
  • 1 Year Redeemable: Annual compound interest paid at redemption or at maturity
  • 18-23 Month Term Deposit: Annual compound interest paid annually and at maturity
  • Flexi Term Deposit: Minimum $2500. Annual compound interest paid annually and at maturity.
  • Nest egg Term Deposit: $10 minimum per month. non-registered, RRSP & TFSA eligible.
  • RateBuilder Term Deposits:  Minimum deposit $500. Annual compound interest paid annually or at maturity.
  • US Dollar Term Deposits of 364 days or less: 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).
  • US Dollar Term Deposits of 1 to 5 years: Annual compound interest paid monthly or annually.  US Dollar Term Deposits are not DICO eligible.

Term Deposit Rates

List of rates for Promotional Term Deposits
Promotional Term Deposits Rate
90 Day Term Deposit
1.95
1 Year Redeemable Term Deposit
0.90
1 Year Fixed Term Deposit
3.65
18-23 Months Term Deposit
3.85
2 Year Term Deposit
4.00
3 Year Term Deposit
4.10
4 Year Term Deposit
4.20
5 Year Term Deposit
4.30
List of rates for Short Term Deposits
Short Term Deposits Rate
30 - 59 Days
1.10
60 - 89 Days
1.20
90 - 119 Days
1.25
120 - 179 Days
1.30
180 - 269 Days
1.35
270 - 364 Days
1.40
List of rates for Long Term Deposits
Long Term Deposits Rate
1 Year Redeemable
0.65
1 Year
3.40
18 - 23 Months
3.60
2 Years
3.75
3 Years
3.85
4 Years
3.95
5 Years
4.05
List of rates for Flexi Term Deposit
Flexi Term Deposit Rate
3 Year Flexi Term
1.00
5 Year Flexi Term
1.10
List of rates for Nest Egg Term Deposits
Nest Egg Term Deposits Rate
1 Year Nest Egg
0.30
3 Year Nest Egg
0.50
5 Year Nest Egg
0.85
List of rates for 3 Year RateBuilder - Effective Yield 1.15%
3 Year RateBuilder - Effective Yield 1.15% Rate
Year 1
0.70
Year 2
0.95
Year 3
1.80
List of rates for 5 Year RateBuilder - Effective Yield 1.20%
5 Year RateBuilder - Effective Yield 1.20% Rate
Year 1
0.85
Year 2
0.95
Year 3
1.05
Year 4
1.65
Year 5
1.75
List of rates for US Dollar Short Term Deposit
US Dollar Short Term Deposit Rate
30 - 59 Days
0.05
60 - 89 Days
0.10
90 - 119 Days
0.15
120 - 179 Days
0.20
180 - 269 Days
0.25
270 - 364 Days
0.30
List of rates for US Dollar Long Term Deposit
US Dollar Long Term Deposit Rate
1 Year
0.35
2 Year
0.40
3 Year
0.45
4 Year
0.50
5 Year
0.55
90 Day Term Deposit

Special promotional rate may be changed or withdrawn at any time without notice. Existing term deposits cannot be broken to receive this offer. 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. Minimum investment $500; 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.

1 Year Redeemable Term Deposit

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. Annual compound interest paid at redemption or at maturity. If term is redeemed after 60 days prior to the 1 year anniversary, simple interest will be calculated on the principal amount for the number of days in the term and paid at redemption (principal x rate x number of days / 365 days). Minimum investment $500; Maximum investment $500,000. Cashable any time after 60 days. 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.

1 Year Term Deposit, 18-23 Month Term Deposit, 2 Year Term Deposit, 3 Year Term Deposit, 4 Year Term Deposit, 5 Year Term Deposit

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. Annual compound interest paid monthly or annually. Minimum investment $500; 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.

  • Term Deposits of 364 days or less: 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).
  • 1 – 5 Year Term Deposits: Annual compound interest paid monthly or annually.
  • 1 Year Redeemable: Annual compound interest paid at redemption or at maturity
  • 18-23 Month Term Deposit: Annual compound interest paid annually and at maturity
  • Flexi Term Deposit: Minimum $2500. Annual compound interest paid annually and at maturity.
  • Nest egg Term Deposit: $10 minimum per month. non-registered, RRSP & TFSA eligible.
  • RateBuilder Term Deposits:  Minimum deposit $500. Annual compound interest paid annually or at maturity.
  • US Dollar Term Deposits of 364 days or less: 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).
  • US Dollar Term Deposits of 1 to 5 years: Annual compound interest paid monthly or annually.  US Dollar Term Deposits are not DICO eligible. 

Foreign Exchange

List of rates for Foreign Exchange Rates
Foreign Exchange Rates Buy Rate Sell Rate
United States (Dollar)
1.3244
1.2433
United Kingdom (Pound)
1.6702
1.4693
European Union (Euro)
1.4429
1.2719

 

Please note that the Buying column is the rate that members will buy from Alterna and the Selling column is the rate that members will sell to Alterna.

 

  • All currencies are quoted in Canadian Dollars
  • These foreign exchange rates are for reference only and are subject to change, as currency prices fluctuate throughout the day.
  • Please note that when planning on visiting a branch to buy foreign currency, we require two days notice. These currencies are only available at branches with tellers, ABMs are unable to dispense foreign currency. Please call your branch ahead to make arrangements.Due to local and proxy caching on the Internet, please ensure that you are viewing rates as at the current day's date.
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CS Alterna Bank is a member of Canada Deposit Insurance Corporation (CDIC).