Press Releases

National Bank offers new attractive rates on its GICs

Montreal, 10 September 2007 -

National Bank today announced a new limited-time promotional offer on its rates for non-redeemable fixed-rate GICs.

Notably, as part of the promotion, the rate for 5-year GICs will be increased from 3.60% to a competitive rate of 4.75%. Other increased rates are also being offered for a limited time on GICs with terms of less than 5 years.

This offer is open to all retail and commercial clients. The minimum investment required is $500 for registered GICs, $1,000 for non-registered GICs with terms of 1 to 5 years, and $5,000 for non-registered GICs with terms of 30 to 364 days.   

With this competitive offer, National Bank wishes to give its clients the chance to benefit from a range of secure and attractive guraranteed investment products that provide a higher return.

The rates for each term are as follows:

Term
Offered for a limited time

Promotional rate*
valid effective
September 10, 2007

Rate*
prior to September 10, 2007

30 to 59 days

3.25%

2.40%

60 to 89 days

4.10%

2.40%

90 to 119 days

4.10%

2.45%

120 to 149 days

4.10%

2.45%

150 to 179 days

4.10%

2.45%

180 to 269 days

4.25%

2.50%

270 to 364 days

4.25%

2.55%

1 year

4.30%

3.20%

18 months

4.30%

3.25%

2 years

4.40%

3.30%

3 years

4.50%

3.40%

4 years

4.50%

3.50%

5 years

4.75%

3.60%

* Simple or compound interest paid annually

Legal notice
Offer only valid for non-redeemable fixed-rate Guaranteed Investment Certificates (GICs) in Canadian dollars. Minimum investment of $500 for a registered GIC; $5,000 for a non-registered GIC with a term of 30 to 364 days; and $1,000 for a non-registered GIC with a term of 1 to 5 years. The interest rate is based on the length of the term. For further information, visit www.nbc.ca under “Rates.” Simple interest or compound interest, at the client’s option, paid annually. This is a limited-time offer and may be withdrawn at any time without notice, at National Bank’s discretion. May not be combined with any other offer or promotion.

About National Bank of Canada
National Bank of Canada is an integrated group which provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. National Bank offers a full array of banking services, including retail, corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. National Bank has more than $124 billion in assets and, together with its subsidiaries, employs 17,169 people. The Bank’s securities are listed on the Toronto Stock Exchange (NA). For more information, visit the Bank’s website at www.nbc.ca.

Information (The telephone number provided below is for the exclusive use of journalists and other media representatives):               

Marie-Claude Lavigne
Senior Advisor, Communications and Public Relations
National Bank of Canada
Tel.: 514-394-6500