BMO Financial Group

BMO Financial Group
BMO Bank of Montreal

BMO Bank of Montreal

August 23, 2011 18:01 ET

BMO Bank of Montreal Changes Variable Residential Mortgage Rate

TORONTO, ONTARIO--(Marketwire - Aug. 23, 2011) - BMO Bank of Montreal today announced it is changing its Variable Closed Residential Mortgage rate, effective August 24, 2011. The new rate is:

Variable rate: To: Change:
5-year variable closed 3.00 % +0.15 %*

*The interest rate for a variable rate mortgage is calculated monthly not in advance. The APR for the 5-year variable closed rate term is equal to our Prime Rate minus 0.00%.

Rates are subject to change without notice.

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