Important Security Notice: Be aware of unauthorized individuals falsely offering Term Deposits/GICs on behalf of Alterna Bank and Alterna Savings. The Financial Services Regulatory Authority (FSRA) has also warned about fraudulent documents. Protect your finances: Learn how
About Us
Become a Member
Join Alterna and start banking on your terms today.
Alterna Savings offers our members a full range of financial products and services. We take pride in our strong commitment to our members, employees and communities.
What makes Alterna different?

You
We provide great service because our staff get to know you with unbiased advice to meet your needs.

Your Money
We offer the strength and competitive rates of a large financial institution plus transparent advice.

Our Community
Helping communities grow through our volunteer work, mentoring, innovative financing and support for local activities.
Member Benefits
Ownership – As a member, you vote for your Board of Directors and changes to by-laws giving you a voice in the future of your cooperative
- $15 Membership share required
- All members have an equal voice
- Any Ontario resident can become a member
Guaranteed Deposits – Your deposits are insured by the Financial Services Regulatory Authority of Ontario (FSRA)
Bank anywhere, anytime – Manage your finances with the ease and convenience of online and mobile banking
Surcharge-free ATMs – Access to thousands of surcharge-free ATMs in North America with THE EXCHANGE Network in Canada and the Allpoint Network in the US
Open an account in minutes
Open an Alterna Savings bank account today and get free access to all these great digital banking features.
Experience easy, more personal banking
Whether you have a little savings or a lot, we can help you find a smarter way to make your money work for you.

Simply Chequing
Choose a convenient banking package that suits your needs. If you have more than one chequing account, you can choose a different package for each account.
- Easy access with online, mobile app and telephone banking
- Deposit a cheque on the go using our mobile banking app on your smartphone or tablet
- Debit card to pay for purchases or withdraw cash
- Surcharge-free access to over 43,000 ATMs in North America with THE EXCHANGE® Network in Canada and Allpoint Network in the US
- Safety and security—eligible deposits are insured up to the maximum amount covered by the Financial Services Regulatory Authority of Ontario (FSRA)

Daily Interest Savings
Get easy access to your savings while earning interest.
- No minimum balance required—start saving right away
- Easy access with online, mobile app and telephone banking
- Two free debit transaction per month
- Interest is calculated daily and paid monthly
- Safety and security—eligible deposits are insured up to the maximum amount covered by the Financial Services Regulatory Authority of Ontario (FSRA)
Ways to Bank
You choose the way you want to conveniently and securely bank with us.
How can we help?

Get Started
Become a member online. It takes less than 10 minutes! Join today and start taking advantage of our savings and chequing account options.

Book an Appointment
At Alterna, our members always come before profits. Connect today and learn how we put the good in banking.

Your financial well-being comes first
Welcome to a better way to bank. Our knowledgeable team puts your financial well-being first with good, caring and transparent advice while offering all the products and services you need.
Stay in touch. Be the first to know about news, promotions and announcements. Sign up now!