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  1. eTerm Deposits. Registered Plans. Worry-free investment. Guaranteed return. With Alterna Bank's eTerm Deposit/GIC rates, you get more out of your savings on a short, medium & long term commitment. Compare our rates and choose the investment option that’s right for you.

  2. Term Deposits. A guaranteed investment that provides a fixed rate of return for a specific time period. What is a Term Deposit? A term deposit, also known as a guaranteed investment certificate (GIC), ensures that your money remains safe and secure.

  3. Annual compound interest paid monthly or annually eTerm deposits are only available for purchase through online banking. 1, 2, 3, 4 and 5 Years: Special promotional rate may be changed or withdrawn at any time without notice. Existing term deposits cannot be broken to receive this offer. Rate shown for annual interest. Maximum investment $500,000.

  4. Simple interest calculated on the principal amount for the number of days in the term deposit and paid at maturity (principal x rate x number of days / 365 days). Rate shown for annual interest. Minimum investment $500; Maximum investment $500,000.

  5. Jul 8, 2024 · Compare the best Alterna Bank GIC rates and choose the best type and term options for you.

  6. 1. Your investment is protected. GICs offer lower interest rates than other investment tools, but there’s a good reason for that. While they offer only modest interest they are guaranteed, and you will never lose your principal investment. Even an incremental increase is extra money that goes straight to your wallet.

  7. All 5 options require a relatively low minimum deposit of $500 and allow a maximum deposit of $500,000. Interest rates start at 5% for a 1-year term deposit. Since Alterna is an online bank, it’s easy to invest in their GICs, making it accessible to more Canadians.

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