National Bank of Canada
TSX : NA

National Bank of Canada

January 19, 2012 12:23 ET

National Bank Adjusts its Mortgage Rates

MONTREAL, QUEBEC--(Marketwire - Jan. 19, 2012) - National Bank (TSX:NA) has adjusted its rates for residential mortgages. The new rates are effective as of Friday, January 20, 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 3.850 3.850 0.000
3 years closed 4.050 4.050 0.000
4 years closed 4.790 4.790 0.000
5 years closed 5.290 5.290 0.000
7 years closed 6.350 6.350 0.000
10 years closed 6.750 6.750 0.000
SPECIAL OFFER
Promotional rate 5 years closed 4.090 3.940 -0.150
Promotional rate 4 years closed* - 2,990 -
Promotional rate 7 years closed* - 3,990 -
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 5.290 5.290 0.000
* 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. National Bank has over $156 billion in assets and, together with its subsidiaries, employs 19,431 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's financial education portal, visit www.clearfacts.ca.

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

Contact Information

  • Claude Breton
    Senior Manager - Public Affairs
    National Bank
    514-394-8644