National Bank of Canada
TSX : NA

National Bank of Canada

July 17, 2012 11:51 ET

National Bank Adjusts its Mortgage Rates

MONTREAL, QUEBEC--(Marketwire - July 17, 2012) - National Bank (TSX:NA) has adjusted its rates for residential mortgages. The new rates are effective as of July 18, 2012:

TERM CURRENT RATE (%) NEW RATE (%) CHANGE
FIXED-RATE CLOSED TERM
6 months closed 4.450 4.000 -0.450
1 year closed 3.500 3.100 -0.400
2 years closed 3.550 3.350 -0.200

About National Bank of Canada

With $176 billion in assets as at April 30, 2012, National Bank of Canada (www.nbc.ca), together with its subsidiaries, forms one of Canada's leading integrated financial groups, and was named among the five strongest banks in the world by Bloomberg Markets. The Bank has close to 20,000 employees and is widely recognized as a top employer. Its securities are listed on the Toronto Stock Exchange (TSX:NA). Follow the Bank's activities via social media and learn more about its extensive community involvement at clearfacts.ca and commitment.nationalbank.ca.

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

Contact Information

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