Qatar National Bank Releases New Deposit Rates for Multiple Currencies


Doha: Qatar National Bank (QNB) has announced the latest deposit rates for various currencies, which took effect this Wednesday. The published rates cover a range of currencies including USD, JPY, CHF, and GBP for different durations ranging from one month to twelve months.



According to Qatar News Agency, the USD deposit rates begin at 4.31032% for one month and gradually decrease for longer durations, reaching 4.13904% for twelve months. Japanese Yen (JPY) deposit rates are significantly lower, starting at 0.35000% for one month and tapering to 0.12000% for twelve months.



For the Swiss Franc (CHF), the rates begin at 0.48000% for a one-month deposit and drop to 0.35000% for a twelve-month deposit. Meanwhile, the British Pound (GBP) rates show a slight fluctuation, starting at 4.48000% for one month and peaking at 4.56000% for twelve months.



In addition to these currencies, rates for Qatari Riyal (QAR) deposits start at 4.85000% for a one-month term and decrease to 4.45000% for a twelve-month term. The Saudi Riyal (SAR) rates range from 4.95000% for one month to 5.10000% for a twelve-month deposit.



The UAE Dirham (AED) deposit rates begin at 2.05000% for a one-month term and rise slightly to 3.15000% for a twelve-month term. Lastly, Bahraini Dinar (BHD) rates start at 5.25000% for one month and decline to 4.85000% for a twelve-month period.