MONTREAL, QUEBEC -- (Marketwire) -- 10/16/09 -- National Bank Financial Group (TSX: NA) has adjusted its rates for residential mortgages. The new rates are effective as of October 19, 2009.
TERM CURRENT RATE (%) NEW RATE (%) CHANGE
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FIXED-RATE OPEN TERM
6 months open 7.000 7.000 0.000
1 year open 7.250 7.250 0.000
FIXED-RATE CLOSED TERM
3 months closed 3.750 3.750 0.000
6 months closed 3.750 3.750 0.000
1 year closed 3.750 3.750 0.000
2 years closed 3.950 3.950 0.000
3 years closed 4.450 4.450 0.000
4 years closed 5.290 5.290 0.000
5 years closed 5.840 5.840 0.000
7 years closed 6.600 6.600 0.000
10 years closed 6.950 6.950 0.000
VARIABLE-RATE CLOSED TERM
5 years Variable rate
(discount included) 2.550 2.250 -0.300
5 years Saver 3.400 3.400 0.000
5 years Capped rate 2.900 2.900 0.000
Capped rate 5.840 5.840 0.000
About National Bank of Canada
National Bank of Canada, which is celebrating its 150th anniversary in 2009, is an integrated group which 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 close to $135 billion in assets and, together with its subsidiaries, employs 17,772 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.
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