Qatar National Bank Announces Latest Deposit Rates Across Currencies.


Doha: Qatar National Bank (QNB) has released its latest deposit rates for various currencies, effective as of Monday. The bank’s deposit rates provide insights into the returns customers can expect on their deposits across different time frames and currencies, including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD.

According to Qatar News Agency, the deposit rates for USD start at 4.61648% for a 1-month deposit, gradually decreasing to 4.21872% for a 12-month deposit. In contrast, the JPY rates indicate a low return, starting at 0.05000% for a 1-month deposit and reaching 0.30000% for a 12-month term. The CHF rates begin at 0.76000% for a 1-month deposit, ending at 0.50000% for 12 months. Meanwhile, GBP rates fluctuate, with 1-month deposits earning 4.65000%, and 12-month deposits at 4.75000%.

For local and regional currencies, QNB’s rates for QAR start at 5.32500% for a 1-month deposit, dropping to 4.67500% for a 12-month deposit. SAR rates begin at 5.00000% for a 1-month deposit, reducing to 4.80000% for a
12-month deposit. AED rates start at 2.05000% for a 1-month term, increasing to 3.15000% for a 12-month period. Lastly, BHD rates are consistent for shorter terms at 5.25000% and decrease to 4.50000% for a 12-month deposit.

These rates reflect the bank’s strategy to accommodate varying customer needs and market conditions, offering competitive returns across different currencies and time frames.