Qatar National Bank Announces New Deposit Rates Across Multiple Currencies

Doha: Qatar National Bank (QNB) has released its latest deposit rates, providing detailed insights into the current financial landscape for a variety of currencies. As of Tuesday, the bank has issued updated rates for multiple currencies, including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD, with varying rates contingent on the deposit duration.

According to Qatar News Agency, the deposit rates for USD range from 4.30624% for a one-month term to 4.24478% for a twelve-month term. For the Japanese Yen (JPY), rates are set at 0.20000% for one month, with a slight increase to 0.11000% for a twelve-month deposit. The Swiss Franc (CHF) has rates starting at 0.25000% for one month and rising to 0.32000% for both three and twelve months, while the British Pound (GBP) sees rates ranging from 4.62000% for a one-month deposit to 4.75000% for a twelve-month deposit.

The deposit rates for local currencies and Gulf currencies also show a spectrum of rates. For the Qatari Riyal (QAR), rates begin at 4.85000% for one month and decrease to 4.40000% for a twelve-month period. The Saudi Riyal (SAR) has a starting rate of 4.95000% for one month, peaking at 5.15000% for six months, and settling at 5.10000% for twelve months. The United Arab Emirates Dirham (AED) shows rates from 2.05000% for one month to 3.15000% for twelve months. Finally, the Bahraini Dinar (BHD) offers rates beginning at 5.31000% for a one-month deposit and reducing to 5.02000% for a twelve-month duration.