MONTREAL, QUEBEC -- (MARKET WIRE) -- 04/11/08 -- National Bank (TSX: NA) has adjusted its rates for residential mortgages. The new rates are effective as of April 12, 2008.--------------------------------------------------------------TERM CURRENT RATE NEW RATE (%) (%) CHANGE--------------------------------------------------------------FIXED-RATE OPEN TERM6 months open 8.800 8.650 -0.1501 year open 9.300 9.100 -0.200FIXED-RATE CLOSED TERM3 months closed 7.000 7.000 0.0006 months closed 7.000 7.000 0.0001 year closed 7.000 6.750 -0.2502 years closed 7.200 7.000 -0.2003 years closed 7.200 7.000 -0.2004 years closed 7.100 6.900 -0.2005 years closed 7.150 7.000 -0.1507 years closed 7.550 7.350 -0.20010 years closed 7.900 7.700 -0.200VARIABLE-RATE CLOSED TERM5 years Variable rate(discount included) 5.000 5.000 0.0005 years Saver 6.650 6.650 0.0005 years Capped rate 5.250 5.250 0.000--------------------------------------------------------------
About National Bank of Canada
National Bank of Canada 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. The 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 more than $120 billion in assets and, together with its subsidiaries, employs 16,856 people. The Bank's securities are listed on the Toronto Stock Exchange (NA: TSX). 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.
Contacts:
National Bank of Canada
Denis Dube
Director, Public Relations Department
514-394-8644
