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Alterna Savings

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

Profiled by Ratehunter

data as of 2026-10-16 · How we track rates

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 ladder	Best rate
1-year GIC	2.65%
2-year GIC	2.85%
3-year GIC	3.10%
4-year GIC	3.25%
5-year GIC	3.30%

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

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

Term	Registration	Redeemable	Compounding	Interest paid	Min–Max deposit	Rate
Short-term — under 1 year
30 – 59 days	Non-reg	Y	—	At maturity	—	0.45%
60 – 89 days	Non-reg	Y	—	At maturity	—	0.80%
90 – 119 days	Non-reg	Y	—	At maturity	$500 – $500k	0.85%
120 – 179 days	Non-reg	Y	—	At maturity	$500 – $500k	0.90%
180 – 269 days	Non-reg	Y	—	At maturity	$500 – $500k	0.95%
270 – 364 days	Non-reg	Y	—	At maturity	$500 – $500k	1.00%
Long-term — 1 year +
1 year	Non-reg	N	—	At maturity	$500 – $500k	2.65%
1 year	Non-reg	Y	—	At maturity	$500 – $500k	1.95%
1 year	Non-reg	Y	—	At maturity	$500 – $500k	1.65%
18 – 23 months	Non-reg	N	—	At maturity	$500 – $500k	2.75%
2 years	Non-reg	N	—	At maturity	$500 – $500k	2.85%
3 years	RRSP	N	—	Annually	$500+ reg	3.10%
3 years	Non-reg	N	—	At maturity	$500 – $500k	3.10%
4 years	Non-reg	N	—	At maturity	$500 – $500k	3.25%
5 years	RRSP	N	—	Annually	$500+ reg	3.30%
5 years	Non-reg	N	—	At maturity	$500 – $500k	3.30%
3 Year Flexi-Growth Term DepositRedeemable · paid at maturity · $500 to $500k
0 – 1 year	Non-reg	Y	—	At maturity	$500 – $500k	0.50%
12 – 18 months	Non-reg	Y	—	At maturity	$500 – $500k	0.60%
18 – 24 months	Non-reg	Y	—	At maturity	$500 – $500k	0.70%
24 – 30 months	Non-reg	Y	—	At maturity	$500 – $500k	0.80%
30 – 35 months	Non-reg	Y	—	At maturity	$500 – $500k	0.90%
35 – 36 months	Non-reg	Y	—	At maturity	$500 – $500k	1.00%
2 Year Flexi-Growth Term DepositRedeemable · paid at maturity · $500 to $500k
0 – 6 months	Non-reg	Y	—	At maturity	$500 – $500k	0.20%
6 – 12 months	Non-reg	Y	—	At maturity	$500 – $500k	0.30%
12 – 18 months	Non-reg	Y	—	At maturity	$500 – $500k	0.50%
18 – 23 months	Non-reg	Y	—	At maturity	$500 – $500k	0.65%
23 – 24 months	Non-reg	Y	—	At maturity	$500 – $500k	0.80%
Nest EggNon-redeemable · paid annually · $10 minimum
1 year	Non-regRRSPTFSA	N	—	Annually	$10+	2.55%
3 years	Non-regTFSA	N	—	Annually	$10+	3.00%
5 years	Non-regTFSA	N	—	Annually	$10+	3.20%
Flexi TermRedeemable · paid annually · $500 to $500k
3 years	Non-reg	Y	—	Annually	$500 – $500k	2.95%
5 years	Non-reg	Y	—	Annually	$500 – $500k	3.15%
U.S. dollar — all terms
30 – 59 days	Non-reg	N	—	At maturity	$500+	0.05%
60 – 89 days	Non-reg	N	—	At maturity	$500+	0.10%
90 – 119 days	Non-reg	N	—	At maturity	$500+	0.15%
120 – 179 days	Non-reg	N	—	At maturity	$500+	0.20%
180 – 269 days	Non-reg	N	—	At maturity	$500+	0.25%
270 – 364 days	Non-reg	N	—	At maturity	$500+	0.30%
1 year	Non-reg	N	Annually	Monthly	$500+	0.35%
2 years	Non-reg	N	Annually	Monthly	$500+	0.40%
3 years	Non-reg	N	Annually	Monthly	$500+	0.45%
4 years	Non-reg	N	Annually	Monthly	$500+	0.50%
5 years	Non-reg	N	Annually	Monthly	$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.

Product	Yr 1	Yr 2	Yr 3	Yr 4	Yr 5	Yield
3-year escalators
3 Year RateBuilder Term Deposit3 years · min $500Non-reg	2.65%	3.05%	3.60%	—	—	3.10%
5-year escalators
5 Year RateBuilder Term Deposit5 years · min $500Non-reg	2.65%	3.05%	3.60%	3.70%	3.50%	3.30%

Savings & chequing rates

rates confirmed as of 2026-10-14

Filter rates

Type	Product	Calculated	Paid	Min. balance	Rate
Savings
Savings	Daily Interest Savings	Daily	Monthly	$0	0.00%
Savings	Daily Interest Savings	Daily	Monthly	$5,000	0.05%
Savings	Daily Interest Savings	Daily	Monthly	$10,000	0.05%
Savings	Daily Interest Savings	Daily	Monthly	$25,000	0.05%
Savings	Investment Savings Accounts	Daily	Monthly	$0	0.05%
Savings	Investment Savings Accounts	Daily	Monthly	$5,000	0.35%
Chequing
Chequing	Chequing	Daily	Monthly	$0	0.00%
USD	US ChequingUS$	Daily	Monthly	$200	0.05%
USD	US ChequingUS$	Daily	Monthly	$5,000	0.05%
USD	US ChequingUS$	Daily	Monthly	$25,000	0.05%
RRSP
RRSP	Daily Interest Savings	Daily	Monthly	$0	0.00%
RRSP	Daily Interest Savings	Daily	Monthly	$5,000	0.00%
RRSP	Daily Interest Savings	Daily	Monthly	$10,000	0.00%
RRSP	Daily Interest Savings	Daily	Monthly	$25,000	0.05%
RRSP	Investment Savings Accounts	Daily	Monthly	$0	0.05%
RRSP	Investment Savings Accounts	Daily	Monthly	$5,000	0.35%
RRIF
RRIF	Daily Interest Savings	Daily	Monthly	$0	0.00%
RRIF	Daily Interest Savings	Daily	Monthly	$5,000	0.00%
RRIF	Daily Interest Savings	Daily	Monthly	$10,000	0.00%
RRIF	Daily Interest Savings	Daily	Monthly	$25,000	0.05%
RRIF	Investment Savings Accounts	Daily	Monthly	$0	0.05%
RRIF	Investment Savings Accounts	Daily	Monthly	$5,000	0.35%
TFSA
TFSA	Tax-Free Savings Account	—	—	—	0.35%

Mortgage rates

Highlighted rows are promo ratesrates confirmed as of 2026-10-14

Filter 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%
6-month	Fixed	Closed	No	6.79%
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 Closed - 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%

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