MONTREAL, QUEBEC--(Marketwire - July 17, 2012) - National Bank (TSX:NA) has adjusted its rates for residential mortgages. The new rates are effective as of July 18, 2012:
| TERM |
CURRENT RATE (%) |
NEW RATE (%) |
CHANGE |
| FIXED-RATE CLOSED TERM |
|
|
|
| 6 months closed |
4.450 |
4.000 |
-0.450 |
| 1 year closed |
3.500 |
3.100 |
-0.400 |
| 2 years closed |
3.550 |
3.350 |
-0.200 |
About National Bank of Canada
With $176 billion in assets as at April 30, 2012, National Bank of Canada (www.nbc.ca), together with its subsidiaries, forms one of Canada's leading integrated financial groups, and was named among the five strongest banks in the world by Bloomberg Markets. The Bank has close to 20,000 employees and is widely recognized as a top employer. Its securities are listed on the Toronto Stock Exchange (TSX:NA). Follow the Bank's activities via social media and learn more about its extensive community involvement at clearfacts.ca and commitment.nationalbank.ca.
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