Rates

Mortgage Promo (Rates effective 2021-03-26) Rates
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2 Year Fixed Closed - High Ratio Only 1.54%
5 Year Fixed Closed - High Ratio Only 1.84%
5 Year Variable Closed - High Ratio Only 1.65%
2 Year Fixed Rate Closed Mortgage - High Ratio Only - 1.54%
Applicable for a High Ratio Mortgage where a borrower places a down payment of less than 20% of the purchase price on a home. For a purchase price of $500,000 or less, the minimum down payment is 5%. When the purchase price is above $500,000 and under $1,000,000, the minimum down payment is 5% for the first $500,000 and 10% for the remaining portion. Maximum property value of $1,000,000. To be eligible, applicants must purchase and qualify for mortgage default insurance. Special promotional rate may be changed or withdrawn at any time without notice.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 1.54%. Rates calculated semi-annually not in advance. Funds must be advanced within 120 days of application. Applies to owner-occupied residential properties only. Blend & Extends as well as Refinances are not eligible. GDS & TDS at time of approval based on the Bank of Canada conventional 5 year posted rate. GDS & TDS rules as per OCP: Beacon >/= 680, max TDS of 44% & max GDS of 39%; Beacon<680, max TDS of 42% & max GDS of 35%. Must be a mortgage whose purpose includes the purchase of a property or subsequent renewal of such a loan. Other conditions the same as our regular mortgage terms including; Regular pre-payment privileges: 20% annual lump sum; Payment increase up to double (aggregate prepayment can’t exceed 20% in one year). Mortgage Incentive Fees: Up to $1,000.
5 Year Fixed Rate Closed Mortgage - High Ratio Only – 1.84%
Applicable for a High Ratio Mortgage where a borrower places a down payment of less than 20% of the purchase price on a home. For a purchase price of $500,000 or less, the minimum down payment is 5%. When the purchase price is above $500,000 and under $1,000,000, the minimum down payment is 5% for the first $500,000 and 10% for the remaining portion. Maximum property value of $1,000,000. To be eligible, applicants must purchase and qualify for mortgage default insurance. Special promotional rate may be changed or withdrawn at any time without notice.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 1.84%. Rates calculated semi-annually not in advance. Funds must be advanced within 120 days of application. Applies to owner-occupied residential properties only. Blend & Extends as well as Refinances are not eligible. GDS & TDS at time of approval based on the Bank of Canada conventional 5 year posted rate. GDS & TDS rules as per OCP: Beacon >/= 680, max TDS of 44% & max GDS of 39%; Beacon<680, max TDS of 42% & max GDS of 35%. Must be a mortgage whose purpose includes the purchase of a property or subsequent renewal of such a loan. Other conditions the same as our regular mortgage terms including; Regular pre-payment privileges: 20% annual lump sum; Payment increase up to double (aggregate prepayment can’t exceed 20% in one year). Mortgage Incentive Fees: Up to $1,000.
5 Year Variable Rate Closed Mortgage High Ratio Only - 1.65% (Prime-0.80%)
Applicable for a High Ratio Mortgage where a borrower places a down payment of less than 20% of the purchase price on a home. For a purchase price of $500,000 or less, the minimum down payment is 5%. When the purchase price is above $500,000 and under $1,000,000, the minimum down payment is 5% for the first $500,000 and 10% for the remaining portion. Maximum property value of $1,000,000. To be eligible, applicants must purchase and qualify for mortgage default insurance. Special promotional 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 1.65% (Prime – 0.80%). Prime refers to the Alterna Prime Rate. Alterna Prime Rate is 2.45% as of March 31, 2020. Your interest rate will change whenever the Alterna Prime rate changes. Rates calculated semi-annually not in advance. Funds must be advanced within 120 days of application. Applies to owner-occupied residential properties only. Blend & Extends as well as Refinances are not eligible. Gross Debt Service (GDS) & Total Debt Service (TDS) at time of approval based on the Bank of Canada conventional 5 year posted rate. GDS & TDS rules as per Alterna’s Operational Credit Policy: Beacon >/= 680, max TDS of 44% & max GDS of 39%; Beacon<680, max TDS of 42% & max GDS of 35%. Maximum amortization of 25 years. Must be a mortgage whose purpose includes the purchase of a property or subsequent renewal of such a loan. Other conditions the same as our regular mortgage terms including; Regular pre-payment privileges: 20% annual lump sum; Payment increase up to double (aggregate prepayment can’t exceed 20% in one year). Alterna may cover mortgage-related fees up to $1,000. Subject to credit approval.
Term Deposit Promo (Rates effective 2020-12-14) Rates
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60 Day Term Deposit 0.20%
14 Month Term Deposit 0.75%
30 Month Term Deposit 0.85%
60 Day Term Deposit
Special promotional rate may be changed or withdrawn at any time without notice. Available for new deposits only or new registered contributions which can include existing funds on deposit. 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 accounts only.
14 Month Term Deposit, 30 Month 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.
Quinte First Prime Rates Rates
Personal Prime Rate 2.45%
Commercial Prime Rate 2.45%
Personal Fixed Rate Mortgages Rates
More Personal Mortgage Rates
5 Year Fixed Closed 1.99%
5 Year Fixed Rate Closed Mortgage – 1.99%
Special promotional 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 1.99%. Rates calculated semi-annually not in advance. Funds must be advanced within 120 days of application. Applies to owner-occupied residential properties only. Some conditions apply. Subject to credit approval.
Term Deposits Redeemable - Paid Annually Rates
12 Months 0.15%
13-60 Months 0.60%
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.