Rates

Promotional Rates*

Fixed Rate Mortgage - Closed (Rates effective 2022-09-08) Rates
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3-Year Fixed Closed - High Ratio Only 4.39%
5-Year Fixed Closed - High Ratio Only 4.49%
Variable Rate Mortgage - Closed (Rates effective 2022-09-08) Rates
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5-Year Variable Closed - High Ratio Only 4.55%
*Fixed high ratio promo and fixed special rates are discounted rates from the posted rates. If a mortgage product is not listed with high ratio promo or special rates, the posted rate will apply.
3 Year Fixed Rate Closed Mortgage - High Ratio Only – 4.39%
Special promotional rate may be changed or withdrawn at any time without notice. Cannot be combined with any other offer or discount. Applicable for a high ratio mortgage with a 25 year amortization period for members with less than 20% down payment, purchasing a residential property valued at under $1,000,000 or subsequent renewing of such a loan, who are eligible for and purchase mortgage default insurance and meet other conditions. This promotional rate is also available for members switching their existing high ratio mortgage, which has the lesser of 25 year amortization period or the remaining amortization of the mortgage to be switched to Alterna. The switched mortgage must also have had less than a 20% down payment at another financial institution and an active mortgage default insurance certificate; be a residential property with an original purchase price under $1,000,000; and meet other conditions. Assuming no additional fees are charged, the Annual Percentage Rate (APR) is the same as the interest rate 4.39%. Rates calculated semi-annually not in advance. Funds must be advanced within 120 days of application. Subject to credit approval based on Alterna’s lending guidelines. Mortgage incentives of up to $1,000. Blends and refinances are not eligible. Applies to owner-occupied primary residential properties only.
5 Year Fixed Rate Closed Mortgage - High Ratio Only – 4.49%
Special promotional rate may be changed or withdrawn at any time without notice. Cannot be combined with any other offer or discount. Applicable for a high ratio mortgage with a 25 year amortization period for members with less than 20% down payment, purchasing a residential property valued at under $1,000,000 or subsequent renewing of such a loan, who are eligible for and purchase mortgage default insurance and meet other conditions. This promotional rate is also available for members switching their existing high ratio mortgage, which has the lesser of 25 year amortization period or the remaining amortization of the mortgage to be switched to Alterna. The switched mortgage must also have had less than a 20% down payment at another financial institution and an active mortgage default insurance certificate; be a residential property with an original purchase price under $1,000,000; and meet other conditions. Assuming no additional fees are charged, the Annual Percentage Rate (APR) is the same as the interest rate 4.49%. Rates calculated semi-annually not in advance. Funds must be advanced within 120 days of application. Subject to credit approval based on Alterna’s lending guidelines. Mortgage incentives of up to $1,000. Blends and refinances are not eligible. Applies to owner-occupied primary residential properties only.
5 Year Variable Rate Closed Mortgage High Ratio Only – 4.55% (Prime-0.90%)
Special promotional rate may be changed or withdrawn at any time without notice. Cannot be combined with any other offer or discount. Applicable for a high ratio mortgage with a 25 year amortization period for members with less than 20% down payment, purchasing a residential property valued at under $1,000,000 or subsequent renewing of such a loan, who are eligible for and purchase mortgage default insurance and meet other conditions. This promotional rate is also available for members switching their existing high ratio mortgage, which has the lesser of 25 year amortization period or the remaining amortization of the mortgage to be switched to Alterna. The switched mortgage must also have had less than a 20% down payment at another financial institution and an active mortgage default insurance certificate; be a residential property with an original purchase price under $1,000,000; and meet other conditions. Assuming no additional fees are charged, the Annual Percentage Rate (APR) is the same as the interest rate 4.55% (Prime -0.90%). Prime refers to the Alterna Prime Rate. Alterna Prime Rate is 5.45% as of September 8, 2022. Your interest rate will change whenever the Alterna Prime rate changes.  Rates calculated monthly not in advance. Funds must be advanced within 120 days of application. Subject to credit approval based on Alterna’s lending guidelines. Mortgage incentives of up to $1,000. Blends and refinances are not eligible. Applies to owner-occupied primary residential properties only.

Special Rates

Special*

Fixed Rate Mortgages – Closed (Rates effective 2022-09-08) Rates
1-Year Fixed Closed 4.69%
2-Year Fixed Closed 4.69%
3-Year Fixed Closed 4.79%
4-Year Fixed Closed 4.79%
5-Year Fixed Closed 4.84%
Variable Rate Mortgages – Closed (Rates effective 2022-09-08) Rates
3- Year Variable Closed 4.90%
5- Year Variable Closed 4.90%
*Fixed high ratio promo and fixed special rates are discounted rates from the posted rates. If a mortgage product is not listed with high ratio promo or special rates, the posted rate will apply.
Special Rate: Fixed Rate Mortgages - Closed
Special rate may be changed or withdrawn at any time without notice. Cannot be combined with any other offer or discount. Assuming no additional fees are charged, the Annual Percentage Rate (APR) is the same as the interest rate displayed. Rates calculated semi-annually not in advance. Funds must be advanced within 120 days of application. Subject to credit approval based on Alterna’s lending guidelines. Mortgage incentives of up to $1,000 may be granted, subject to conditions.

3 Year Variable Rate Closed Mortgage – 4.90% (Prime-0.55%)
Special rate may be changed or withdrawn at any time without notice. Cannot be combined with any other offer or discount. Assuming no additional fees are charged, the Annual Percentage Rate (APR) is the same as the interest rate 4.90% (Prime-0.55%). Prime refers to the Alterna Prime Rate. Alterna Prime Rate is 5.45% as of September 8 2022. Your interest rate will change whenever the Alterna Prime rate changes. Rates calculated monthly not in advance. Funds must be advanced within 120 days of application. Subject to credit approval based on Alterna’s lending guidelines. Mortgage incentives of up to $1,000 may be granted, subject to conditions.
5 Year Variable Rate Closed Mortgage – 4.90% (Prime-0.55%)
Special rate may be changed or withdrawn at any time without notice. Cannot be combined with any other offer or discount. Assuming no additional fees are charged, the Annual Percentage Rate (APR) is the same as the interest rate 4.90% (Prime-0.55%). Prime refers to the Alterna Prime Rate. Alterna Prime Rate is 5.45% as of September 8 2022. Your interest rate will change whenever the Alterna Prime rate changes. Rates calculated monthly not in advance. Funds must be advanced within 120 days of application. Subject to credit approval based on Alterna’s lending guidelines. Mortgage incentives of up to $1,000 may be granted, subject to conditions.
Term Deposit Promo (Rates effective 2022-08-19) Rates
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90 Day Term Deposit 1.95%
1 Year Redeemable Term Deposit 3.00%
1 Year Fixed Term Deposit 4.10%
18 - 23 Month Term Deposit 4.30%
2 Year Fixed Term Deposit 4.40%
3 Year Fixed Term Deposit 4.10%
4 Year Term Deposit 4.20%
5 Year Fixed Term Deposit 4.30%
90 Day Term Deposit
Special promotional rate may be changed or withdrawn at any time without notice. Existing term deposits cannot be broken to receive this offer. 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. Cashable upon maturity only. Available to personal and non-personal accounts. Due to local and proxy caching on the Internet, please ensure that you are viewing rates as at the current day’s date.
1 Year Redeemable Term Deposit
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. Annual compound interest paid at redemption or at maturity. If term is redeemed after 60 days prior to the 1 year anniversary, simple interest will be calculated on the principal amount for the number of days in the term and paid at redemption (principal x rate x number of days / 365 days). Minimum investment $500; Maximum investment $500,000. Cashable any time after 60 days. Available to personal and non-personal accounts. Due to local and proxy caching on the Internet, please ensure that you are viewing rates as at the current day’s date.
1 Year Term Deposit, 18-23 Month Term Deposit, 2 Year Term Deposit, 3 Year Term Deposit, 4 Year Term Deposit, 5 Year Term Deposit
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. Annual compound interest paid monthly or annually. Minimum investment $500; Maximum investment $500,000. Cashable upon maturity only. Available to personal and non-personal accounts. Due to local and proxy caching on the Internet, please ensure that you are viewing rates as at the current day’s date.
Quinte First Prime Rates Rates
Personal Prime Rate 5.45%
Commercial Prime Rate 5.45%
Term Deposits Redeemable - Paid Annually Rates
1 Year 0.65%
Term Deposits Non-Redeemable - Paid Annually Rates
12 Months 0.55%
24 Months 0.65%
36 Months 0.75%
48 Months 0.85%
60 Months 0.95%
High Interest Savings Account (HISA) Rates
More Account Rates
Account Balance $0 - $4,999 0.05%
Account Balance $5,000 and over 0.15%

Note: Rates are provided for information purposes only and are subject to change at any time.  Redeemable Term Deposits - RRSP & RRIF available.  $100 minimum deposit for children and $500 minimum deposit for adults.  Non-Redeemable Term Deposits - RRSP, RRIF and TFSA available.  $1,000 minimum deposit.  RRSP terms pay interest annually.