MONTREAL, QUEBEC, Aug. 24, 2010 (Marketwire) -- National Bank Financial Group (TSX:NA) has adjusted its rates for residential mortgages. The new rates are effective as of August 25, 2010.
TERM CURRENT RATE (%) NEW RATE (%) CHANGE
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FIXED-RATE OPEN TERM
6 months open 6.750 6.700 -0.050
1 year open 6.750 6.300 -0.450
FIXED-RATE CLOSED TERM
6 months closed 4.500 4.500 0.000
1 year closed 3.300 3.300 0.000
2 years closed 3.550 3.550 0.000
3 years closed 4.100 4.100 0.000
4 years closed 5.140 5.040 -0.100
5 years closed 5.490 5.390 -0.100
7 years closed 6.390 6.390 0.000
10 years closed 6.600 6.600 0.000
SPECIAL OFFER
Promotional rate 5 years
closed 3.990 3.990 0.000
VARIABLE-RATE CLOSED TERM
5 years Variable rate 2.750 2.750 0.000
5 years Saver 3.650 3.650 0.000
5 years Capped rate 3.400 3.400 0.000
Capped rate 5.490 5.390 -0.100
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 $150 billion in assets and, together with its subsidiaries, employs 18,248 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.
The telephone number provided below is for the exclusive use of journalists and other media representatives.
Joan Beauchamp
National Bank Financial Group
Senior Advisor, Public Relations
514-394-6500
