TORONTO, April 4 /CNW/ - TD Canada Trust has increased its mortgage rates, effective April 5, 2011, reflecting rising bond yields and the subsequent increase in the cost of funds.

The changes are as follows:

Fixed Rates                                        To:                Change:             

6-month convertible                                  4.45             N/C

1-year open                                              6.50             N/C

1-year closed                                            3.70             +0.20%

2-year closed                                            4.05             +0.30%

3-year closed                                            4.55             +0.20%

4-year closed                                            5.19             +0.20%

5-year closed                                            5.69             +0.35%

6-year closed                                            6.30             +0.35%

7-year closed                                            6.49             +0.35%

10-year closed                                          6.85             +0.35%

*Special Fixed Rate Offers                                         

1-year closed Special                                  3.29             +0.20%

2-year closed Special                                  3.65             +0.30%

4-year closed Special                                  4.39             +0.20%

5-year closed Special                                  4.44             +0.35%

7-year closed Special                                  5.14             +0.35%

10-year closed Special                                5.34             +0.35%

*This rate is a discounted rate and is not available with any other rate discounts, promotions or offers

About TD Bank Group

The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (TD or the Bank). TD is the sixth largest bank in North America by branches and serves approximately 19 million customers in four key businesses operating in a number of locations in key financial centres around the globe: Canadian Personal and Commercial Banking, including TD Canada Trust and TD Insurance; Wealth Management, including TD Waterhouse and an investment in TD Ameritrade; U.S. Personal and Commercial Banking, including TD Bank, America's Most Convenient Bank; and Wholesale Banking, including TD Securities. TD also ranks among the world's leading online financial services firms, with more than 6 million online customers. TD had CDN$620 billion in assets on October 31, 2010. The Toronto-Dominion Bank trades under the symbol "TD" on the Toronto and New York Stock Exchanges.