
Canada’s biggest bank was following in the footsteps of CIBC and TD Canada Trust, who announced their own interest rate increases on Monday.
RBC’s five-year fixed rate mortgage increased by 0.25 percentage points to 5.44 per cent. The bank increased its one-year fixed rate mortgage 0.15 percentage points to 3.5 per cent.
The new rates come into effect on Wednesday.
Source: TheStar.com
Published On Tue Feb 8 2011
Allison Cross, Business Reporter
Click here to read more...
No comments:
Post a Comment