Press Releases

National Bank adjusts its mortgage rates

Montreal, 9 February 2012 -

National Bank has adjusted its rates for residential mortgages. The new rates are effective as of Friday, February 10, 2012.

TERM

CURRENT RATE (%)

NEW RATE (%)

CHANGE

FIXED-RATE OPEN TERM

 

 

 

6 months open

6.700

6.700

0.000

1 year open

6.300

6.300

0.000

FIXED-RATE CLOSED TERM

 

 

 

6 months closed

4.450

4.450

0.000

1 year closed

3.500

3.500

0.000

2 years closed

3.550

3.550

0.000

3 years closed

3.950

3.950

0.000

4 years closed

4.640

4.640

0.000

5 years closed

5.140

5.240

0.100

7 years closed

6.350

6.350

0.000

10 years closed

6.750

6.750

0.000

SPECIAL OFFER

 

 

 

Promotional rate 4 years closed

2.990

3.390

0.400

Promotional rate 5 years closed

3.940

4.040

0.100

Promotional rate 7 years closed*

3.990

3.990

0.000

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate

3.100

3.100

0.000

5 years Capped rate

3.250

3.250

0.000

Capped rate

5.140

5.240

0.100

 

 

 

 

* Limited time offer. Rates subject to change. A rate can be guaranteed for up to 60 days following receipt of the application.

About National Bank of Canada
National Bank of Canada is an integrated group that 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. As at October 31, 2011, National Bank has over CDN$156 billion in assets in accordance with Canadian GAAP and, together with its subsidiaries, employs more than 19,000 people. The Bank’s securities are listed on the Toronto Stock Exchange (TSX: NA). For more information, visit the Bank’s website at www.nbc.ca. To access National Bank of Canada’s financial literacy portal, visit www.clearfacts.ca
.

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

Joan Beauchamp                                                                           
Senior Advisor – Public Affairs
National Bank
Tel.: 514-394-6500