National Bank adjusts its mortgage rates

Montreal, 8 March 2001 - 

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of March 9th, 2001.

 

TERM

CURRENT RATE
(%)

NEW RATE
(%)

CHANGE

6 months open

7.900

7.700

-0.200

1 year open

7.850

7.750

-0.100

3 months Saver

6.800

6.800

0.000

3 months closed

7.150

7.150

0.000

6 months closed

7.450

7.250

-0.200

1 year closed

7.050

6.950

-0.100

2 years closed

7.100

7.100

0.000

3 years closed

7.200

7.200

0.000

4 years closed

7.400

7.400

0.000

5 years closed

7.500

7.500

0.000

7 years closed

7.950

7.950

0.000

10 years closed

8.300

8.300

0.000

 

- 30 -

Information:

Carole Gagné
Senior Manager
Public Relations Department
National Bank of Canada
Tel. : (514) 394-6991
carole.gagne@bnc.ca
www.nbc.ca



* The telephone number and e-mail address are for the exclusive use of journalists and other media representatives.