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Alterna Savings

Credit union· Ottawa, Ontario· Since 1908Anyone can join

About Alterna Savings

Alterna Savings and Credit Union Limited is an Ottawa-headquartered Ontario credit union founded on September 3, 1908 as the Civil Service Savings and Loan Society — the first credit union in Canada outside Quebec. It operates about 41 branches across Ontario offering full personal and business banking, and wholly owns digital subsidiary CS Alterna Bank.

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Access: Membership required · Open common bond

Eligible provinces: Ontario

How to join: Apply online in under 10 minutes; the one-time $15 membership share is funded from your first deposit.

Deposit protection: Financial Services Regulatory Authority of Ontario

prudential regulator + administers the Deposit Insurance Reserve Fund: unlimited on registered accounts, $250,000 non-registered; absorbed DICO in 2019

How deposit insurance works →

Current top rates

data as of 2026-10-16 · posted rates confirmed as of 2026-10-14
Best GIC · 5-year3.30%
Best mortgage · 5-year fixed5.04%
GIC ladderBest rate
1-year GIC2.65%
2-year GIC2.85%
3-year GIC3.10%
4-year GIC3.25%
5-year GIC3.30%

Base ladder rates. Institution may have more term rates below.

GIC rate history

Best historical posted GIC rate by term

Term
Latest2.65%Oct 16, 2026
Last change0.00%Oct 16, 2026
High2.65%Jul 16, 2026
Low2.65%Jul 16, 2026
4.50%3.63%2.75%1.88%1%Jul 26Aug 26Sep 26Oct 26

Tracked since Jul 16, 2026 · 34 snapshots

Term deposit rates

Highlighted rows are promo rates— not stated on sitedata as of 2026-10-16 · posted rates confirmed as of 2026-10-14
Filter rates
TermRegistrationRedeemableCompoundingInterest paidMin–Max depositRate
Short-term — under 1 year
30 – 59 daysNon-regY—At maturity—0.45%
60 – 89 daysNon-regY—At maturity—0.80%
90 – 119 daysNon-regY—At maturity$500 – $500k0.85%
120 – 179 daysNon-regY—At maturity$500 – $500k0.90%
180 – 269 daysNon-regY—At maturity$500 – $500k0.95%
270 – 364 daysNon-regY—At maturity$500 – $500k1.00%
Long-term — 1 year +
1 yearNon-regN—At maturity$500 – $500k2.65%
1 yearNon-regY—At maturity$500 – $500k1.95%
1 yearNon-regY—At maturity$500 – $500k1.65%
18 – 23 monthsNon-regN—At maturity$500 – $500k2.75%
2 yearsNon-regN—At maturity$500 – $500k2.85%
3 yearsRRSPN—Annually$500+ reg3.10%
3 yearsNon-regN—At maturity$500 – $500k3.10%
4 yearsNon-regN—At maturity$500 – $500k3.25%
5 yearsRRSPN—Annually$500+ reg3.30%
5 yearsNon-regN—At maturity$500 – $500k3.30%
3 Year Flexi-Growth Term DepositRedeemable · paid at maturity · $500 to $500k
0 – 1 yearNon-regY—At maturity$500 – $500k0.50%
12 – 18 monthsNon-regY—At maturity$500 – $500k0.60%
18 – 24 monthsNon-regY—At maturity$500 – $500k0.70%
24 – 30 monthsNon-regY—At maturity$500 – $500k0.80%
30 – 35 monthsNon-regY—At maturity$500 – $500k0.90%
35 – 36 monthsNon-regY—At maturity$500 – $500k1.00%
2 Year Flexi-Growth Term DepositRedeemable · paid at maturity · $500 to $500k
0 – 6 monthsNon-regY—At maturity$500 – $500k0.20%
6 – 12 monthsNon-regY—At maturity$500 – $500k0.30%
12 – 18 monthsNon-regY—At maturity$500 – $500k0.50%
18 – 23 monthsNon-regY—At maturity$500 – $500k0.65%
23 – 24 monthsNon-regY—At maturity$500 – $500k0.80%
Nest EggNon-redeemable · paid annually · $10 minimum
1 yearNon-regRRSPTFSAN—Annually$10+2.55%
3 yearsNon-regTFSAN—Annually$10+3.00%
5 yearsNon-regTFSAN—Annually$10+3.20%
Flexi TermRedeemable · paid annually · $500 to $500k
3 yearsNon-regY—Annually$500 – $500k2.95%
5 yearsNon-regY—Annually$500 – $500k3.15%
U.S. dollar — all terms
30 – 59 daysNon-regN—At maturity$500+0.05%
60 – 89 daysNon-regN—At maturity$500+0.10%
90 – 119 daysNon-regN—At maturity$500+0.15%
120 – 179 daysNon-regN—At maturity$500+0.20%
180 – 269 daysNon-regN—At maturity$500+0.25%
270 – 364 daysNon-regN—At maturity$500+0.30%
1 yearNon-regNAnnuallyMonthly$500+0.35%
2 yearsNon-regNAnnuallyMonthly$500+0.40%
3 yearsNon-regNAnnuallyMonthly$500+0.45%
4 yearsNon-regNAnnuallyMonthly$500+0.50%
5 yearsNon-regNAnnuallyMonthly$500+0.55%

Escalator GICs

rates confirmed as of 2026-10-14

The rate rises each year of the term. Yield is the effective annual yield the institution prints.

ProductYr 1Yr 2Yr 3Yr 4Yr 5Yield
3-year escalators
3 Year RateBuilder Term Deposit3 years · min $500Non-reg2.65%3.05%3.60%——3.10%
5-year escalators
5 Year RateBuilder Term Deposit5 years · min $500Non-reg2.65%3.05%3.60%3.70%3.50%3.30%

Savings & chequing rates

rates confirmed as of 2026-10-14
Filter rates
TypeProductCalculatedPaidMin. balanceRate
Savings
SavingsDaily Interest SavingsDailyMonthly$00.00%
SavingsDaily Interest SavingsDailyMonthly$5,0000.05%
SavingsDaily Interest SavingsDailyMonthly$10,0000.05%
SavingsDaily Interest SavingsDailyMonthly$25,0000.05%
SavingsInvestment Savings AccountsDailyMonthly$00.05%
SavingsInvestment Savings AccountsDailyMonthly$5,0000.35%
Chequing
ChequingChequingDailyMonthly$00.00%
USDUS ChequingUS$DailyMonthly$2000.05%
USDUS ChequingUS$DailyMonthly$5,0000.05%
USDUS ChequingUS$DailyMonthly$25,0000.05%
RRSP
RRSPDaily Interest SavingsDailyMonthly$00.00%
RRSPDaily Interest SavingsDailyMonthly$5,0000.00%
RRSPDaily Interest SavingsDailyMonthly$10,0000.00%
RRSPDaily Interest SavingsDailyMonthly$25,0000.05%
RRSPInvestment Savings AccountsDailyMonthly$00.05%
RRSPInvestment Savings AccountsDailyMonthly$5,0000.35%
RRIF
RRIFDaily Interest SavingsDailyMonthly$00.00%
RRIFDaily Interest SavingsDailyMonthly$5,0000.00%
RRIFDaily Interest SavingsDailyMonthly$10,0000.00%
RRIFDaily Interest SavingsDailyMonthly$25,0000.05%
RRIFInvestment Savings AccountsDailyMonthly$00.05%
RRIFInvestment Savings AccountsDailyMonthly$5,0000.35%
TFSA
TFSATax-Free Savings Account———0.35%

Mortgage rates

Highlighted rows are promo ratesrates confirmed as of 2026-10-14
Filter rates
TermTypeOpen / closedInsuredPosted rate
6-monthFixedOpenNo8.50%
1-yearFixedOpenNo8.75%
6-monthFixedClosedNo6.79%
1-yearFixedClosedNo6.55%
2-yearFixedClosedNo6.25%
3-yearFixedClosedNo5.74%
4-yearFixedClosedNo6.44%
5-yearFixedClosedNo6.04%
Signatureconventional · 6-month to 5-year terms
6-monthFixedOpenNo8.25%
1-yearFixedOpenNo8.50%
6-monthFixedClosedNo6.79%
1-yearFixedClosedNo5.69%
2-yearFixedClosedNo5.39%
3-yearFixedClosedNo4.94%
4-yearFixedClosedNo5.04%
5-yearFixedClosedNo5.04%
3-yearVariableClosedNo4.25%
5-yearVariableClosedNo4.15%
Smart Start Closed - High Ratioclosed · insured (high-ratio) · 3-year to 5-year terms
3-yearFixedClosedYes4.59%
5-yearFixedClosedYes4.69%
5-yearVariableClosedYes3.70%

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