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Alterna Bank GIC rates
Online / Direct Bank
The federally regulated direct-banking arm of Alterna Savings, selling term deposits entirely online.
Rates verified nightly
· re-checked against Alterna Bank's own site
· last check Aug 25, 2026
Best rate
3.30%
todayRates published
5
across 1 productTerms
1 year – 5 years
Minimum deposit
$500
At a glance
Deposit protection
$100,000
CDIC (federal) · insured under Alterna BankHow to buy
Online, Phone
Where it's available
Across Canada
Good to know
CDIC covers eligible deposits up to $100,000 per insured category, per member institution. Registered and non-registered deposits are separate categories. Terms longer than 5 years are not CDIC-insured.
GIC products from Alterna Bank
Every GIC Alterna Bank currently offers, with the rate range each one pays.
Alterna Bank eTerm Deposit
2.65% – 3.30%
Terms 1 year – 5 years · min $500A straightforward 1-to-5 year online term deposit ladder.
Alterna Bank rate table
Filter by account type, term and deposit — every number below is from the published rate table.
Filter 5 offers
All account types
Any term
All GIC types
$
Canadian dollars
Best rate in this view
3.30%
Alterna Bank eTerm Deposit · 5 years
Rates published
5
Interest on $10,000
$1,650
over the 5 years term
How rates change with term length
Each line is one institution's best posted rate at that term — the 1 most competitive in this view.
Locking in for 5 years currently pays up to 0.65 points more than 1 year.
Alterna Bank
Every published rate
Projected value assumes a $10,000 deposit held to maturity. GICs that pay interest out monthly or annually are shown with simple interest; only compounding terms accrue on themselves.
| Product | Term | Rate | Value on $10,000 | |
|---|---|---|---|---|
Alterna Bank eTerm Deposit Non-redeemable · Annual · min $500 | 5 years | 3.30% | $11,650 +$1,650 | |
Alterna Bank eTerm Deposit Non-redeemable · Annual · min $500 | 4 years | 3.25% | $11,300 +$1,300 | |
Alterna Bank eTerm Deposit Non-redeemable · Annual · min $500 | 3 years | 3.10% | $10,930 +$930 | |
Alterna Bank eTerm Deposit Non-redeemable · Annual · min $500 | 2 years | 2.85% | $10,570 +$570 | |
Alterna Bank eTerm Deposit Non-redeemable · Annual · min $500 | 1 year | 2.65% | $10,265 +$265 |