Savings account · Alterna Savings
Investment Savings Account: fees and true cost
Alterna Savings’s Investment Savings Account lists 0.05%–0.35% (tiered) interest and no monthly fee. On $10,000 that’s about $35 a year before tax, at the posted rate.
Provincial insurerOffered in ON
Fees retrieved November 1, 2026
Interest at different balances
| Balance | Rate | Interest a year |
|---|---|---|
| $1,000 | 0.05% | $1 |
| $10,000 | 0.35% | $35 |
| $50,000 | 0.35% | $175 |
| Balance | Rate (annual) |
|---|---|
| $0 to $5,000 | 0.05% |
| $5,000 and up | 0.35% |
Every fee FCAC lists for this account
| Item | Fee |
|---|---|
| Monthly fee | No monthly fee |
| Included transactions | 1 a month |
| Debit purchase in Canada (beyond included) | Not available |
| Online or mobile bill payment | Not available |
| Interac e-Transfer | $2.50 |
| Online transfer between your accounts | $2.50 |
| Own-bank ATM withdrawal | $2.50 |
| Withdrawal at another institution’s ATM | Not available |
| ATM withdrawal in the United States | Not available |
| ATM withdrawal in other countries | Not available |
| Debit purchase in the United States | Not available |
| In-branch withdrawal | $2.50 |
| Bill payment in branch | Not available |
| Cheque (as a payment) | Not available |
| Mailed monthly statement | $1.50 |
| Non-sufficient funds (NSF) | Not stated |
| Overdraft protection, monthly | Not stated |
| Overdraft protection, per use | Not stated |
| Overdraft interest | Not stated |
Notes from the institution
No minimum balance required – start saving right away Access your funds whenever you need them – take advantage of other Alterna investment options as they arise Non-registered, RRSP, RRIF and TFSA eligible
Is the money protected?
FSRA (Ontario credit union). Credit union deposits are insured by the province, with limits that vary — see credit union insurance by province.
Other savings accounts at Alterna Savings
- Daily Interest Savings — 0.05% interest
- Daily Interest Savings (Youth Start Package) — 0.05% interest
Source: FCAC Account Comparison Tool (data submitted by the institution), retrieved November 1, 2026 · Alterna Savings’s product page
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