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National Bank adjusts its mortgage rates

Montreal, 9 May 2001 - 

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of May 10th, 2001.


TERM

CURRENT RATE
(%)

NEW RATE
(%)

CHANGE

6 months open

7.550

7.450

-0.100

1 year open

7.550

7.500

-0.050

3 months Saver

6.800

6.800

0.000

3 months closed

7.150

7.150

0.000

6 months closed

7.100

7.000

-0.100

1 year closed

6.800

6.700

-0.100

2 years closed

7.150

6.950

-0.200

3 years closed

7.350

7.100

-0.250

4 years closed

7.600

7.400

-0.200

5 years closed

7.750

7.500

-0.250

7 years closed

8.200

7.950

-0.250

10 years closed

8.550

8.300

-0.250


- 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.