Alterna Savings Mortgage Rates
Source: https://www.alterna.ca/en/rates/mortgages
Last updated June 25, 2026.
Alterna Savings (Alterna) was founded in 1908 and is regulated by FSRA (Ontario). Mortgages are originated through branch, broker, online channels. Standard prepayment privileges allow up to 20% annual lump sum and up to 20% payment increase per year.
Rates shown are updated daily and are not an offer of credit. Actual rates require lender approval and may differ. Discounted rates are the bank's own published special-offer rates; a mortgage broker can often secure a lower rate than what's shown. See our methodology.
| Term | Posted | Discounted |
|---|---|---|
| 1-Year Fixed | 5.69% | |
| 2-Year Fixed | 5.39% | |
| 3-Year Fixed | 4.59% | |
| 4-Year Fixed | 5.04% | |
| 5-Year Fixed | 4.64% | |
| Variable | — |
Lender facts
- Founded
- 1908
- Regulator
- FSRA (Ontario)
- Channels
- Branch, Broker, Online
- Prepayment
- 20% lump sum / 20% payment increase
- Notes
-
- Federally-incorporated cousin Alterna Bank operates online-only across Canada; the credit union itself serves Ontario.
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Best rates by term
See how Alterna Savings's rates compare to the rest of the market for each term they offer.
