Alterna Savings Mortgage Rates

As of April 17th, 2021
Alterna Savings

Alterna Savings Background

Alterna Savings is a credit union founded in 1908 and is the second-largest credit union in Ontario. Alterna offers a variety of financial services from retail banking, mortgages, lending, and wealth management. It has $8 billion in assets and 185,000 members that are serviced through 35 branches.

Alterna Savings Prime Rate

Alterna Savings's Prime Rate is used as the basis for many of Alterna Savings's lending products including variable rate mortgages, lines of credit, and HELOCs. Prime, or P, is normally combined with a spread to make up the final interest rate.

Current Alterna Savings Prime Rate: 2.45%

Last Changed: March 31, 2020

Alterna Savings Fixed-Rate Mortgages

Mortgage Amount:
Amortization:
Payment Frequency:
TermRateMonthly Payment
1-Year Fixed
1.79%$1,655
2-Year Fixed
1.54%$1,607
3-Year Fixed
1.79%$1,655
4-Year Fixed
1.84%$1,664
5-Year Fixed
1.65%$1,628
7-Year Fixed
5.55%$2,468
10-Year Fixed
5.95%$2,565

The rates shown are for insured mortgages with a downpayment of less than 20%. You may get a different rate if you have a low credit score or a conventional mortgage. Rates may change at any time.

Alterna Savings Variable-Rate Mortgages

Mortgage Amount:
Amortization:
Payment Frequency:
TermRateMonthly Payment
1-Year Variable
6.35%$2,663
3-Year Variable
3.55%$2,013
5-Year Variable
2.95%$1,886

The rates shown are for insured mortgages with a downpayment of less than 20%. You may get a different rate if you have a low credit score or a conventional mortgage. Rates may change at any time.

While we try our best to get you the best rates, we cannot guarantee that they are always accurate. WOWA assumes no liability for the accuracy of the information presented, and will not be held responsible for any damages resulting from its use.