Doha: Deposit rates at opening as issued on Monday by Qatar National Bank (QNB) reveal the current interest benchmarks across various international currencies. The rates are structured over different time periods ranging from one month to twelve months, catering to a diverse array of financial preferences.
According to Qatar News Agency, the deposit rates for USD begin at 3.61281% for a 1-month term and rise to 3.78642% for a 12-month term. In contrast, JPY rates start at 0.70000% for the first three months and incrementally increase to 1.20000% for a 12-month deposit. Meanwhile, the CHF rates begin at -0.19000% for a 1-month deposit, slightly improving to 0.15000% over a year. For GBP deposits, the rates start at 3.65000% for one month and reach 4.62000% for a 12-month period.
The local QAR rates show a slight fluctuation, with a 1-month deposit set at 4.00140% and gradually reducing to 3.95000% over a 12-month term. SAR rates begin at 4.50000% for a 1-month period, settling at 4.30000% for the longer 12-month duration. AED rates are marked at 2.05000% for one month, increasing to 3.15000% for a 12-month term. Lastly, BHD rates start at 4.57000% for a 1-month deposit and maintain a steady rate of 4.63000% for a 12-month deposit.