Alterna Savings
Co-op Housing Investment Program
Daily Interest Chequing Accounting
- earn income on your daily chequing account
- if the prime interest rate goes up. the interest rate on you daily chequing account will go up
- if the prime rate drop, the interest rate on your daily chequing account will not fall below 1.5%
Term Deposits
- term deposits pay a bonus interest of .65% above the posted rates
- term deposits of $100,000 or more earn an even higher rate
- keep your money in longer term deposits but access your funds without penalty if an emergency arises
- deposits are insured up to $100,000
Other benefits
- no need to wait in line - free courier service if your co-op is not near a branch
- free Internet banking lets you view account balances at a glance
- direct housing charge deposits are free and save time
- no NSF charge back - if a member's cheque is returned, the co-op is not charged
- co-operative banking that understands co-ops
Contact and Account Information
Ted Brown
Phone: 1-416-252-5625 ext. 3418
Availability
- Peel
- Halton
- Toronto
- Lakeridge