Doha: Deposit rates at opening as issued on Thursday by Qatar National Bank (QNB) reveal varied interest rates across different currencies and time frames. The data provides insights into the short and long-term deposit offerings for a range of currencies, including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD.
According to Qatar News Agency, the USD deposit rates start at 3.95902% for a one-month deposit and decrease to 3.58149% for a twelve-month deposit. The JPY rates begin at 0.40000% for a one-month deposit, with a gradual increase to 0.65000% for a twelve-month term. The CHF shows a negative interest rate, starting at -0.01000% for a one-month deposit, which further declines for the two and three-month terms but slightly improves to -0.03000% for a twelve-month deposit. For GBP deposits, the rates begin at 3.94000% for one month and show a slight increase to 3.98000% for a twelve-month deposit.
The QAR deposits start at 4.27500% for a one-month period and decrease to 3.87500% for twelve months. SAR maintains a more stable rate, starting at 4.75000% for a one-month period and remaining consistent for longer terms, with a slight drop to 4.55000% for twelve months. AED rates begin at 2.05000% for a one-month deposit, increasing to 3.15000% for a twelve-month term. BHD deposits are consistent at 4.75000% for terms up to six months, with a decrease to 4.25000% for a twelve-month deposit.
These figures offer a comprehensive view of the deposit rate landscape in Qatar, showcasing the variations and trends across different currencies and deposit terms.