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National Bank adjusts its mortgage rates

Montreal, 3 October 2001 - 

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of October 4, 2001.


TERM

CURRENT RATE(%)

NEW RATE
(%)

CHANGE

6 months open

6.250

6.150

-0.100

1 year open

6.250

6.150

-0.100

3 months Saver

5.300

5.300

0.000

3 months closed

5.650

5.650

0.000

6 months closed

5.800

5.700

-0.100

1 year closed

5.450

5.350

-0.100

2 years closed

6.250

5.950

-0.300

3 years closed

6.700

6.400

-0.300

4 years closed

7.000

6.750

-0.250

5 years closed

7.150

7.050

-0.100

7 years closed

7.650

7.650

0.000

10 years closed

8.250

8.250

0.000



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Information: Carole Gagné
Senior Manager
Public Relations Department
National Bank of Canada
(514) 394-6991
carole.gagne@bnc.ca
* The telephone number and e-mail address are for the exclusive use of journalists and other media representatives.