Qatar National Bank Releases Current Deposit Rates for Multiple Currencies

Doha: Qatar National Bank (QNB) announced the latest deposit rates for various currencies on Monday, detailing the rates for terms ranging from one month to twelve months. The rates highlight the varying interest levels across different currencies, reflecting the bank's current offerings for depositors.

According to Qatar News Agency, for USD deposits, the rates start at 3.66877% for one month and decrease slightly to 3.49062% for twelve months. The Japanese Yen (JPY) sees an increase over the same period, with a rate of 0.65000% for one month rising to 1.05000% for twelve months. On the other hand, the Swiss Franc (CHF) shows negative rates throughout, with -0.11000% for one month and -0.06000% for twelve months. The British Pound (GBP) interest rates begin at 3.69000% for one month and increase to 3.88000% for a twelve-month deposit.

For deposits in Qatari Riyal (QAR), the one-month rate is 4.05000%, decreasing to 3.73333% for a twelve-month term. The Saudi Riyal (SAR) maintains a consistent rate of 4.30000% from two months to twelve months, while the Emirati Dirham (AED) ranges from 2.05000% for one month to 3.15000% for twelve months. The Bahraini Dinar (BHD) starts at 4.60000% for one month, decreasing gradually to 4.10000% for a twelve-month deposit.

These latest figures provide a comprehensive overview for investors and customers considering depositing their funds with QNB, offering insights into the bank's interest rate strategy across different currencies and terms.