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National Bank adjusts its mortgage rates

Montreal, 18 December 2001 - 

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of December 19, 2001.

TERM

CURRENT RATE
(%)

NEW RATE
(%)

CHANGE

6 months open

5.400

5.400

0.000

1 year open

5.400

5.400

0.000

3 months Saver

4.050

4.050

0.000

3 months closed

4.400

4.400

0.000

6 months closed

4.950

4.950

0.000

1 year closed

4.600

4.600

0.000

2 years closed

5.300

5.700

0.400

3 years closed

5.750

6.150

0.400

4 years closed

6.550

6.800

0.250

5 years closed

6.850

7.100

0.250

7 years closed

7.600

7.850

0.250

10 years closed

8.150

8.400

0.250


- 30 -

Information: Carole Gagné
Senior Manager
Public Relations Department
National Bank of Canada
(514) 394-6991
carole.gagne@bnc.ca
* The telephone number and e-mail address are for the exclusive use of journalists and other media representatives.