NATIONAL BANK OF CANADA

NATIONAL BANK OF CANADA

March 24, 2005 16:19 ET

National Bank Adjusts its Mortgage Rates


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: NATIONAL BANK OF CANADA

TSX SYMBOL: NA

MARCH 24, 2005 - 16:19 ET

National Bank Adjusts its Mortgage Rates

MONTREAL, QUEBEC--(CCNMatthews - March 24, 2005) - National Bank of
Canada has adjusted its rates for residential mortgages. The new rates
are effective as of March 28, 2005.



CURRENT RATE NEW RATE
TERM (%) (%) CHANGE
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FIXED-RATE OPEN TERM
6 months open 6.800 6.950 0.150
1 year open 7.000 7.250 0.250
FIXED-RATE CLOSED TERM
3 month closed 5.000 5.000 0.000
6 months closed 5.100 5.250 0.150
1 year closed 4.800 5.050 0.250
2 years closed 5.150 5.450 0.300
3 years closed 5.600 5.850 0.250
4 years closed 5.850 6.050 0.200
5 years closed 6.050 6.250 0.200
7 years closed 7.000 7.250 0.250
10 years closed 7.600 7.700 0.100
VARIABLE-RATE CLOSED TERM
5 years Variable rate
(discount included) 4.000 4.000 0.000
5 years Saver 4.650 4.650 0.000
5 years Capped rate 4.250 4.250 0.000


Information : (The telephone number and e-mail address provided below
are for the exclusive use of journalists and other media
representatives.)

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    National Bank of Canada
    Denis Dube
    Manager, Public Relations Department
    (514) 394-8644
    denis.dube@bnc.ca
    www.bnc.ca