About Alterna Bank
CS Alterna Bank (Alterna Bank) is a Schedule I chartered bank and wholly owned subsidiary of Alterna Savings and Credit Union Limited, operating since October 2000 (its predecessor CS Loan Corporation became a CDIC member in 1992). It is a digital-only bank offering chequing, savings, mortgages, investing and small-business banking across Canada.
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Access: Open to all Canadians
Eligible provinces: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland & Labrador, Nova Scotia, Northwest Territories, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon
How to join: Open an account online through alternabank.ca.
Notes: Subsidiary of Alterna Savings (federal CU)
Deposit protection: Canada Deposit Insurance Corporation
$100,000 per insured category per member institution
Current top rates
rates confirmed as of 2026-10-14GIC rate history
Best historical posted GIC rate by term
Tracked since Jul 16, 2026 · 34 snapshots
Tracked since Jul 16, 2026 · 34 snapshots
Tracked since Jul 16, 2026 · 34 snapshots
Tracked since Jul 16, 2026 · 34 snapshots
Tracked since Jul 16, 2026 · 34 snapshots
Term deposit rates
— not stated on siterates confirmed as of 2026-10-14Filter rates
| Term | Registration | Redeemable | Compounding | Interest paid | Min–Max deposit | Rate |
|---|---|---|---|---|---|---|
| Long-term — 1 year + | ||||||
| 1 year | Non-regRRSPRRIFTFSA | cashable | — | Annually | — | 2.65% |
| 2 years | Non-regRRSPRRIFTFSA | cashable | — | Annually | — | 2.85% |
| 3 years | Non-regRRSPRRIFTFSA | cashable | — | Annually | — | 3.10% |
| 4 years | Non-regRRSPRRIFTFSA | cashable | — | Annually | — | 3.25% |
| 5 years | Non-regRRSPRRIFTFSA | cashable | — | Annually | — | 3.30% |
No rates match these filters.
Savings & chequing rates
rates confirmed as of 2026-10-14Filter rates
| Type | Product | Calculated | Paid | Min. balance | Rate |
|---|---|---|---|---|---|
| Savings | |||||
| HISA | High Interest eSavings Account | Daily | Monthly | $0 | 1.05% |
| Chequing | |||||
| Chequing | No Fee eChequing Account | Daily | Monthly | $0 | 0.05% |
| RRSP | |||||
| RRSP | Registered Plans RRSP eSavings | Daily | Monthly | — | 1.05% |
| RRSP | RRSP eSavings | Daily | Monthly | $0 | 1.05% |
| TFSA | |||||
| TFSA | Registered Plans TFSA eSavings Account | Daily | Monthly | — | 1.05% |
| TFSA | TFSA eSavings Account | Daily | Monthly | $0 | 1.05% |
No rates match these filters.
Mortgage rates
Highlighted rows are promo ratesrates confirmed as of 2026-10-14Filter rates
| Term | Type | Open / closed | Insured | Posted rate |
|---|---|---|---|---|
| 6-month | Fixed | Open | No | 8.50% |
| 1-year | Fixed | Open | No | 8.75% |
| 6-month | Fixed | Closed | No | 6.79% |
| 1-year | Fixed | Closed | No | 6.55% |
| 2-year | Fixed | Closed | No | 6.25% |
| 3-year | Fixed | Closed | No | 5.74% |
| 4-year | Fixed | Closed | No | 6.44% |
| 5-year | Fixed | Closed | No | 6.04% |
| Signatureconventional · 6-month to 5-year terms | ||||
| 6-month | Fixed | Open | No | 8.25% |
| 1-year | Fixed | Open | No | 8.50% |
| 1-year | Fixed | Closed | No | 5.69% |
| 2-year | Fixed | Closed | No | 5.39% |
| 3-year | Fixed | Closed | No | 4.94% |
| 4-year | Fixed | Closed | No | 5.04% |
| 5-year | Fixed | Closed | No | 5.04% |
| 3-year | Variable | Closed | No | 4.25% |
| 5-year | Variable | Closed | No | 4.15% |
| Smart Start High Ratioclosed · insured (high-ratio) · 3-year to 5-year terms | ||||
| 3-year | Fixed | Closed | Yes | 4.59% |
| 5-year | Fixed | Closed | Yes | 4.69% |
| 5-year | Variable | Closed | Yes | 3.70% |
No mortgage rates match these filters.
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