Doha: Qatar National Bank (QNB) has announced its latest deposit rates, which became effective on Sunday. The rates are applicable for various currencies over different fixed deposit tenures, ranging from one month to twelve months. These rates provide insights into the current financial climate affecting both local and international currency deposits.
According to Qatar News Agency, the deposit rates for the US Dollar (USD) start at 3.74340% for a one-month term and rise to 4.16619% for a twelve-month term. The Japanese Yen (JPY) begins at a rate of 0.80000% for one month, with a gradual increase to 1.37000% over a year. In the case of the Swiss Franc (CHF), the rates start at a negative 0.18000% for a one-month period and reach 0.20000% for twelve months. The British Pound (GBP) sees rates beginning at 3.79000% for one month, escalating to 4.65000% over a twelve-month period.
For local and regional currencies, the Qatari Riyal (QAR) offers a one-month deposit rate of 4.00000%, with a slight decrease over the year to 3.75000%. The Saudi Riyal (SAR) starts at 4.50000% for one month and increases slightly to 4.60000% over twelve months. The UAE Dirham (AED) has a one-month rate of 2.05000%, which increases to 3.15000% over a year. Lastly, the Bahraini Dinar (BHD) offers a one-month rate of 4.56000%, rising to 5.11000% for a twelve-month term.