Qatar National Bank Releases Updated Deposit Rates with Varied Returns Across Currencies.

DOHA: Qatar National Bank (QNB) has announced the updated deposit rates applicable as of Monday, offering a range of returns across multiple currencies including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD. The rates are structured over different terms ranging from one month to twelve months, allowing depositors to choose based on their financial strategies. According to Qatar News Agency, for USD deposits, the rates start at 4.61045% for a one-month term and gradually decrease to 4.24243% for twelve months. In contrast, JPY deposit rates begin at 0.05000% for one month and see a slight increase to 0.35000% for a twelve-month term. CHF depositors are offered rates starting at 0.68000% for one month, peaking at 0.72000% for a three-month term before slightly falling across longer terms. GBP deposit rates, on the other hand, start at 4.69000% for one month, with slight fluctuations across different terms, ending at 4.66000% for twelve months. For QAR, the one-month deposit rate is set at 5.07500%, decreasing s teadily to 4.50000% for a twelve-month term. SAR deposit rates show a different trend, starting at 5.00000% for one month and peaking at 5.20000% for three months. AED depositors will find the rates beginning at 2.05000% for a one-month term, increasing to 3.15000% over twelve months. Finally, BHD deposit rates start at 5.49000% for one month, dropping to 4.96000% for a twelve-month term. These rates reflect QNB's strategic adjustments in response to the prevailing economic conditions and provide customers with a range of investment options across different currencies and terms.