Key Differentiating Features

• Provides the opportunity to cash in at any time after 90 days with no penalty
• You earn interest based on how long the investment is held. For instance, based on the example below, if the term deposit was redeemed within the 18 to 24-month range, the earned interest would be 1.10% from the start date of the investment
• Interest is compounded annually and paid at redemption or maturity, with earned interest automatically reinvested into the term deposit
• Deposits are insured by Financial Services Regulatory Authority of Ontario (FSRA)

Features and Benefits

• Flexible – access your funds whenever you need them with no penalty
• The amount of interest you earn increases the longer you hold it
• Competitive rates
• Non-registered, and TFSA and RRSP eligible
• Minimum $500 investment ($100 if under 19 years of age)
• Alterna’s 2- and 3-Year Flexi-Growth Term Deposits can be redeemed in full any time after 90 days (no partial redemptions permitted)
• No penalty for early redemption