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
Rates
Business Accounts
Business Accounts | Rates |
---|---|
Business Chequing | 0.00% |
Business Daily Interest Savings | Rates |
---|---|
$0.01 - $5,000 | 0.00% |
$5,000.01 - $10,000 | 0.00% |
$10,000.01 - $25,000 | 0.05% |
$25,000.01 - $50,000 | 0.05% |
$50,000.01 and over | 0.05% |
Business US Chequing | Rates |
---|---|
$0.01 - $199.99 | 0.00% |
$200 - $5,000 | 0.05% |
$5,000.01 - $25,000 | 0.05% |
$25,000 and over | 0.05% |
Business Investment Savings | Rates |
---|---|
$0.01 - $5,000 | 0.05% |
$5,000.01 and over | 0.35% |
2 Year Business Escalating Redeemable Term Deposit | Rates |
---|---|
0 to 6 Months | 0.20% |
6 to 12 Months | 0.30% |
12 to 18 Months | 0.50% |
18 to 23 Months | 0.65% |
23 to 24 Months | 0.80% |
3 Year Business Escalating Redeemable Term Deposit | Rates |
---|---|
0 to 12 Months | 0.30% |
12 to 18 Months | 0.60% |
18 to 24 Months | 0.70% |
24 to 30 Months | 0.80% |
30 to 35 Months | 0.90% |
35 to 36 Months | 1.00% |
Community | Rates |
---|---|
CHIP Chequing | 1.25% |
Community Chequing | 0.05% |
Agricultural Chequing | Rates |
---|---|
Agricultural Chequing | 0.00% |
Agricultural Savings | Rates |
---|---|
$0.01 - $5,000 | 0.05% |
$5,000.01 and over | 0.35% |
Lawyer's Trust | Rates |
---|---|
Lawyer's Trust Account - CAD | 1.95% |
Lawyer's Trust Account - USD | 1.95% |
Business Chequing
Interest is calculated on daily closing balance and paid monthly. Rates subject to change at any time.
Business Daily Interest Savings
Tier rate paid on the portion of the balance within each tier. Interest is calculated on daily closing balance and paid monthly. Rates subject to change at any time.
Business US Chequing
Tier rate paid on the portion of the balance within each tier. Interest is calculated on daily closing balance and paid monthly. Interest paid in US Dollar. Rates subject to change at any time.
Business Investment Savings
Interest is calculated on daily closing balance and paid monthly. Interest is based on the first dollar.
2 and 3 Year Business Escalating Redeemable Term Deposits
Annual compound interest pain annually, at redemption or at maturity. Interest earned must be reinvested back into the term deposit. Redemption available anytime after 90 days. No partial redemptions permitted. If term is redeemed any time after 90 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/356). Minimum investment $500. Available to non-personal accounts only. Due to local and proxy caching on the internet, please ensure that you are viewing rates as the current day's date.
CHIP Chequing
Interest from first dollar. Interest is calculated on daily closing balance and paid monthly. Rates subject to change at any time.
Agricultural Chequing
No interest earned
Agricultural Savings
Tier rate paid on the portion of the balance within each tier. Interest is calculated on daily closing balance and paid monthly. Rates subject to change at any time.
Lawyer's Trust Account - CAD
Interest from first dollar. Interest is calculated on daily closing balance and paid monthly. Rates subject to change at any time.
Lawyer's Trust Account - USD
Interest from first dollar. Interest is calculated on daily closing balance and paid monthly. Rates subject to change at any time.
The rates above are for general informational purposes only, and are subject to change or withdrawal at any time without notice. For more information, and to find out more about our product terms, conditions, and application process, please visit us in branch, or call us at 1.877.560.0100.
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!