National Bank adjusts its mortgage rates

Montreal, 23 May 2001 - 

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of May 24th, 2001.


TERM

CURRENT RATE
(%)

NEW RATE
(%)

CHANGE

6 months open

7.450

7.450

0.000

1 year open

7.500

7.500

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

7.150

7.050

-0.100

3 years closed

7.500

7.300

-0.200

4 years closed

7.750

7.650

-0.100

5 years closed

7.950

7.750

-0.200

7 years closed

8.400

8.200

-0.200

10 years closed

8.800

8.550

-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.