National Bank of Canada
TSX : NA

National Bank of Canada

December 20, 2011 11:00 ET

National Bank Adjusts its Mortgage Rates

MONTREAL, QUEBEC--(Marketwire - Dec. 20, 2011) - National Bank (TSX:NA) has adjusted its rates for residential mortgages. The new rates are effective as of Wednesday, December 21, 2011.

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 4.090 0.000
VARIABLE-RATE CLOSED TERM
5 years Variable rate 3.000 3.100 0.100
5 years Capped rate 3.150 3.250 0.100
Capped rate 5.290 5.290 0.000

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

  • Joan Beauchamp
    Senior Advisor, Public Relations
    National Bank
    514-394-6500