MONTREAL, April 3, 2013 /CNW Telbec/ - National Bank has added a new High Interest Savings Account to its range of savings solutions. The new account offers a promotional interest rate of 1.50% on accounts with a balance of at least $5,000—a much higher annual rate than the one offered on traditional savings accounts. The account allows holders one free ABM withdrawal per month and unlimited free electronic transfers. This product is eligible for Canada Deposit Insurance Corporation (CDIC) coverage.
"National Bank is always striving to meet its clients' expectations by offering accessible savings solutions tailored to their needs. We are also encouraging Canadians to focus on savings," said Yann Jodoin, Vice-President - Retail Products.
In addition to the High Interest Savings Account, the Bank also offers the Altamira High-Interest CashPerformerTM savings account, a high-interest investment vehicle that has been very successful. This product is available at National Bank branches and from investment advisors at our securities brokerage subsidiaries.
Starting today, clients can open a High Interest Savings Account online, in branches, or by calling TelNat. Don't hesitate to contact National Bank for more information on this account.
About National Bank of Canada
With $184 billion in assets as at January 31, 2013, National Bank of Canada (www.nbc.ca) together with its subsidiaries, forms one of Canada's leading integrated financial groups, and has been 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.
SOURCE: National Bank of Canada
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