National Bank Financial Group Adjusts its Mortgage Rates

• Press Release
• Source: National Bank of Canada
• On 2:46 pm EST, Wednesday January 21, 2009

MONTREAL, QUEBEC--(Marketwire - Jan. 21, 2009) - National Bank Financial Group (TSX:NA - News) has adjusted its rates for residential mortgages. The new rates are effective as of January 22, 2009.

Related Quotes

Symbol	Price	Change
NA.TO	63.18	0.00

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TERM                 CURRENT RATE  NEW RATE
                           (%)        (%)     CHANGE
----------------------------------------------------
----------------------------------------------------
FIXED-RATE OPEN TERM
6 months open             7.900      7.000    -0.900
1 year open               8.250      7.250    -1.000

FIXED-RATE CLOSED TERM
3 months closed           5.600      5.000    -0.600
6 months closed           5.600      5.000    -0.600
1 year closed             5.600      5.000    -0.600
2 years closed            6.250      5.250    -1.000
3 years closed            6.200      5.500    -0.700
4 years closed            6.200      5.750    -0.450
5 years closed            6.650      5.790    -0.860
7 years closed            7.300      7.000    -0.300
10 years closed           7.550      7.150    -0.400

VARIABLE-RATE CLOSED
TERM
5 years Variable rate
(discount included)       4.000      4.000     0.000
5 years Saver             5.250      4.650    -0.600
5 years Capped rate       4.000      4.000     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 to $129 billion in assets and, together with its subsidiaries, employs 17,146 people. The Bank's securities are listed on the Toronto Stock Exchange (TSX:NA - News). 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.

Denis Dube
National Bank Financial Group
Director, Public Relations Department
514-394-8644