Qatar National Bank Issues Updated Deposit Rates.

Doha: Qatar National Bank (QNB) has released the latest deposit rates for various currencies, effective from Tuesday. These rates provide a comprehensive overview of the interest rates applicable for different deposit tenures ranging from one month to twelve months. According to Qatar News Agency, the deposit rates for USD start at 4.52397% for a one-month term and decrease slightly to 4.23430% for a twelve-month term. The Japanese Yen (JPY) has negative rates beginning at -0.40000% for one month, improving slightly to 0.38000% for a twelve-month tenure. The Swiss Franc (CHF) rates begin at 0.66000% for the shortest duration and settle at 0.37000% over a year. Meanwhile, the British Pound (GBP) offers a starting rate of 4.68000% for one month and adjusts to 4.63000% for a twelve-month period. The local Qatari Riyal (QAR) and neighboring currencies such as the Saudi Arabian Riyal (SAR), United Arab Emirates Dirham (AED), and Bahraini Dinar (BHD) have also seen varied rates. The QAR maintains a rate of 5.0000 0% for both one-month and two-month deposits, tapering to 4.75000% for a twelve-month duration. Similarly, SAR starts at 5.00000% for one month, slightly increasing to 5.20000% for three months, before declining to 4.80000% for a year-long deposit. The AED rates begin at 2.05000% for one month and rise to 3.15000% for twelve months. Lastly, the BHD starts at 5.50000% for one to three-month tenures and decreases to 4.50000% over a twelve-month period. These rates provide an insightful indication of the current financial landscape and investor sentiment within Qatar and its neighboring regions. The variations in interest rates across different currencies and tenures reflect the economic conditions and monetary policies influencing the Qatari banking sector.