National Bank Financial Group
TSX : NA

National Bank Financial Group

November 27, 2008 12:14 ET

National Bank Adjusts its Mortgage Rates

MONTREAL, QUEBEC--(Marketwire - Nov. 27, 2008) - National Bank (TSX:NA) has adjusted its rates for residential mortgages. The new rates are effective as of November 28, 2008.



TERM CURRENT RATE NEW RATE CHANGE
(%) (%)
----------------------------------------------------------------------
----------------------------------------------------------------------
FIXED-RATE OPEN TERM

6 months open 8.150 7.900 -0.250
1 year open 8.500 8.250 -0.250

FIXED-RATE CLOSED TERM

3 months closed 6.300 5.850 -0.450
6 months closed 6.300 5.850 -0.450
1 year closed 6.300 5.850 -0.450
2 years closed 6.300 6.300 0.000
3 years closed 6.850 6.300 -0.550
4 years closed 7.050 6.300 -0.750
5 years closed 7.200 6.750 -0.450
7 years closed 7.600 7.300 -0.300
10 years closed 7.800 7.550 -0.250

VARIABLE-RATE CLOSED TERM

5 years Variable rate
(discount included) 5.000 5.000 0.000
5 years Saver 5.950 5.500 -0.450
5 years Capped rate 5.000 5.000 0.000


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. The 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 close to $122 billion in assets and, together with its subsidiaries, employs 16,683 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.

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

Contact Information

  • National Bank Financial Group
    Denis Dube
    Senior Manager, Public Relations Department
    514-394-8644