Doha: Qatar National Bank (QNB) announced its latest deposit rates on Tuesday, providing updated figures across various currencies including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD. These rates are applicable for different time frames ranging from one month to twelve months.
According to Qatar News Agency, the deposit rates for USD range from 3.68318% for one month to 4.01241% for twelve months. The Japanese Yen (JPY) has rates starting at 0.95000% for one month, reaching up to 1.30000% for a twelve-month deposit. For the Swiss Franc (CHF), rates begin at -0.15000% for a one-month deposit and increase to 0.20000% for a twelve-month term. The British Pound (GBP) sees rates from 3.78000% for a one-month deposit to 4.50000% for twelve months.
For deposits in Qatari Riyal (QAR), the rates start at 4.05000% for one month and shift to 3.95000% for a twelve-month deposit. The Saudi Riyal (SAR) deposit rates range from 4.50000% for one month to 4.60000% for a twelve-month term. UAE Dirham (AED) deposits begin at a rate of 2.05000% for one month, rising to 3.15000% for twelve months. Lastly, the Bahraini Dinar (BHD) rates start at 4.60000% for one month and increase to 4.85000% for a twelve-month deposit.
These rates reflect the current economic conditions and monetary policies impacting currency deposits in Qatar.