RBC Royal Bank Announces Special 2.99 Per Cent and 3.99 Per Cent Fixed Rate Mortgage Offers

TORONTO, Jan. 13, 2012 /CNW/ - RBC Royal Bank announces a four-year special 2.99 per cent fixed rate mortgage offer and a seven-year special 3.99 per cent fixed rate mortgage offer. Both offers are effective January 14, 2012.

"We are pleased to offer all Canadians flexible mortgage options at outstanding value. Canadians can choose between our great low four-year rate at 2.99 per cent or affordable protection at 3.99 per cent for seven years. They can even combine the two within our flexible RBC Homeline Plan," said Marcia Moffat, Head, Home Equity Financing, RBC. "All RBC mortgages come with amortizations of up to 30 years and full prepayment privileges. Also, Canadians can take advantage of our "double up" feature to become debt free faster."

This rate is a discount off of posted rate and is only available on new mortgage applications made until February 29, 2012. Mortgage must be funded by April 30, 2012. Other terms and conditions may apply.

Media contact:
Matt Gierasimczuk, [phone]