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About RBC > Media Newsroom > News Releases > RBC Royal Bank announces a four-year special 2.99 per cent fixed rate mortgage offer

RBC Royal Bank announces a four-year special 2.99 per cent fixed rate mortgage offer

TORONTO, March 8, 2012 — RBC Royal Bank is offering a four year special mortgage rate offer of 2.99 per cent effective March 9th, 2012, providing Canadians with flexible mortgage options at outstanding value.

"Some low rate mortgage offers advertised in the market are highly restrictive. No frills may be great in the supermarket, but it's usually not the best choice for your mortgage," said Marcia Moffat, Head, Home Equity Financing, RBC. "Many life events can happen over the term of your mortgage - a new baby, a job loss, a promotion, or the sale of your home. It's important to read the fine print to make sure your mortgage has payment flexibility that will enable you to adjust to life events."

"RBC mortgages come with all the frills," added Moffat. "Our standard features and benefits include accelerated payment and deferral options, prepayment privileges and amortization choices of up to 30 years. This mortgage offer is also eligible for our RBC Homeline Plan."

This rate is a special discounted rate below our posted rate and is only available on new mortgage applications that fund within 120 days of the start date of the application. Not available in combination with any other offer or rate discount. Other terms and conditions may apply. Offer may be withdrawn, or amended without notice at any time.

For further information:
Media contact:
Matt Gierasimczuk, RBC Communications, 416 974-2124