National Bank adjusts its mortgage rates

Montreal, 17 May 2001 - 

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of May 17th, 2001.

TERM

CURRENT RATE
(%)

NEW RATE
(%)

CHANGE

6 months open

7.450

7.450

0.000

1 year open

7.500

7.50

0.000

3 months Saver

6.800

6.800

0.000

3 months closed

7.150

7.150

0.000

6 months closed

7.000

7.000

0.000

1 year closed

6.700

6.700

0.000

2 years closed

6.950

7.150

0.200

3 years closed

7.100

7.500

0.400

4 years closed

7.400

7.750

0.350

5 years closed

7.500

7.950

0.450

7 years closed

7.950

8.400

0.450

10 years closed

8.300

8.800

0.500


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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.