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National Bank adjusts its mortgage rates

Montreal, 10 August 2001 - 

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of August 13, 2001.


 

TERM

CURRENT RATE
(%)

NEW RATE
(%)

CHANGE

6 months open

7.200

6.950

-0.250

1 year open

7.250

7.000

-0.250

3 months Saver

6.300

6.050

-0.250

3 months closed

6.650

6.400

-0.250

6 months closed

6.750

6.500

-0.250

1 year closed

6.450

6.200

-0.250

2 years closed

7.050

6.850

-0.200

3 years closed

7.300

7.300

0.000

4 years closed

7.650

7.650

0.000

5 years closed

7.750

7.750

0.000

7 years closed

8.200

8.200

0.000

10 years closed

8.550

8.550

0.000


- 30 -

Information:

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