Qatar National Bank Announces Updated Deposit Rates Across Currencies

Doha: Deposit rates at opening as issued on Sunday by Qatar National Bank (QNB) have been outlined across various currencies. The rates are available for different durations ranging from one month to twelve months for currencies including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD.

According to Qatar News Agency, the deposit rate for USD stands at 3.99963% for one month and decreases progressively to 3.61201% for twelve months. For JPY, the rate begins at 0.35000% for both one and two-month durations, showing a slight increase to 0.80000% for a twelve-month deposit. CHF deposit rates show negative values, starting at -0.06000% for one month and slightly rising to -0.04000% by twelve months. GBP deposit rates begin at 3.83000% for one month and show a gradual increase, reaching 4.00000% for twelve months.

For local and regional currencies, QAR deposit rates start at 4.45000% for a one-month term and decrease to 3.87500% for a twelve-month term. SAR rates begin at 5.00000% for one month and stabilize at 4.55000% for periods from two to twelve months. AED deposit rates begin at 2.05000% for one month and rise to 3.15000% for twelve months. BHD rates remain stable at 4.75000% for durations of one to six months but decrease to 4.25000% for a twelve-month deposit.