Lenders
Alterna Bank
Alterna Bank is recorded in this encyclopedia as a bank operating across Canada except Quebec, and it deals with borrowers directly.
| Type | bank |
|---|---|
| Operates | Across Canada except Quebec |
| Head office province | Ontario |
| Website | https://www.alternabank.ca/personal/homebuying |
| Publishes rates | Yes. Its published rates are in the mortgage rates section. |
| Channel | direct |
Published rates held for this lender
9 published rate rows in this capture were printed under this lender's own name, drawn from its own rate sheet and from the mortgage sweep. They are the same rows that appear in the mortgage rates record, gathered here so the lender's prices can be read beside its record.
| Product | Term or type | Published rate or fee | Conditions as published | Source | As of |
|---|---|---|---|---|---|
| GIC | 1-year non-redeemable GIC | 2.65% | Non-registered, non-redeemable GICs with annual compounding | Non-Redeemable GICs in Canada | November 13, 2026 at 10:21 AM ET |
| GIC | 2-year non-redeemable GIC | 2.85% | Non-registered, non-redeemable GICs with annual compounding | Non-Redeemable GICs in Canada | November 13, 2026 at 10:21 AM ET |
| GIC | 3-year non-redeemable GIC | 3.10% | Non-registered, non-redeemable GICs with annual compounding | Non-Redeemable GICs in Canada | November 13, 2026 at 10:21 AM ET |
| GIC | 4-year non-redeemable GIC | 3.25% | Non-registered, non-redeemable GICs with annual compounding | Non-Redeemable GICs in Canada | November 13, 2026 at 10:21 AM ET |
| GIC | 5-year non-redeemable GIC | 3.30% | Non-registered, non-redeemable GICs with annual compounding | Non-Redeemable GICs in Canada | November 13, 2026 at 10:21 AM ET |
| Mortgage | 3-year fixed, closed special | 4.94 % | 3-year fixed, closed special, interest rate, 5.00 % APR; *rates subject to change; Not available for Quebec mortgages; Rates available for online mortgages only | Alterna Bank - Homebuying | No date printed on page; captured 2026-11-14 |
| Mortgage | 5-year fixed, closed special | 5.04 % | 5-year fixed, closed special, interest rate, 5.08 % APR; *rates subject to change; Not available for Quebec mortgages; Rates available for online mortgages only | Alterna Bank - Homebuying | No date printed on page; captured 2026-11-14 |
| Mortgage | Prime | 4.70% | Alterna Bank - Prime Rate | Effective Date (2026-10-30) | |
| Savings account | High Interest ESavings Account | 1.05% | Best Savings Accounts in Canada | Updated: 2026-11-14 |
Products as recorded
- Fixed rate mortgages
- Variable rate mortgages
Legal name CS Alterna Bank, a wholly owned subsidiary of the Ontario credit union Alterna Savings; its mortgage rates are distinct from Alterna Savings' own rate pages. Headquarters Ottawa, Ontario per Wikipedia and Relbanks (head office 319 McRae Avenue, Ottawa)
The lender's own website.
Sources for this record
Encyclopedia captured 2026-11-14.