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National Bank adjusts its mortgage rates

Montreal, 6 April 2001 - 

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of April 6th, 2001.

TERM

CURRENT RATE (%)

NEW RATE

(%)

CHANGE

6 months open

7.600

7.550

-0.050

1 year open

7.650

7.550

-0.100

3 months Saver

6.800

6.800

0.000

3 months closed

7.150

7.150

0.000

6 months closed

7.150

7.100

-0.050

1 year closed

6.850

6.800

-0.050

2 years closed

7.150

7.000

-0.150

3 years closed

7.350

7.100

-0.250

4 years closed

7.550

7.400

-0.150

5 years closed

7.650

7.500

-0.150

7 years closed

8.100

7.950

-0.150

10 years closed

8.450

8.300

-0.150


- 30 -

Information:

Carole Gagné
Senior Manager
Public Relations Department
National Bank of Canada
Tel. : (514) 394-6991
carole.gagne@bnc.ca
www.nbc.ca



* The telephone number and e-mail address are for the exclusive use of journalists and other media representatives.