Access to affordable housing is essential for financial security. It’s why Alterna is proud to support the Co-operative Housing Federation of Toronto (CHFT), an organization that believes in sustainable, affordable and equitable housing for everyone.
Custom Banking Package
CHIP Chequing Account
Designed specifically to support non-profit housing providers and housing co-operatives in Ontario. The Co-Operative Housing Investment Pool (CHIP) daily interest chequing offers all the flexibility of a great chequing account while paying interest at savings account rates.
- No monthly fee
- No chargeback fees
- Free in-branch deposits and transfers
- Free monthly statements
- Higher rate of interest earned
- A designated account manager
- Cheque clearing $0.45
- Pre-authorized debits $0.45
- Pre-authorized credits $0.25
- Bonus rate on Term Deposits: Exclusive for eligible CHIP members, earn a bonus interest above Alterna’s regular term deposit rates*
- Courier Service: CHIP eligible members are entitled to two free courier pick-ups per month, per member **
Ways to Bank
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No matter what your investment plans, Alterna has a term deposit that’s right for you. With great rates and flexible terms from 60 days to 5 years, you can select the product that will work best for your needs.
We can offer more than personalized financing solutions and support; we’ll also be a true partner to your business and help you grow.
If you’re an organization looking for the right financial products and services to help you grow and manage your business, we’ve got what you’re looking for.
Alterna Wealth can help manage your investments so you can build, strengthen and preserve your wealth.
The program provides grants of up to $1,000 to initiatives where a small amount of money can have a significant impact in the communities we serve.
*Note, this bonus is not available on promotional term deposit rates.
**Fees will apply if a member exceeds the number of courier pick-ups included in their package in any given month.
Your financial well-being comes first
Welcome to a better way to bank. Our knowledgeable team puts your financial well-being first with good, caring and transparent advice while offering all the products and services you need.