Doha: Qatar National Bank (QNB) has issued new deposit rates for various currencies, effective from Thursday. The rates provide insights into the bank's offerings for different durations, ranging from one month to twelve months, for currencies including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD.
According to Qatar News Agency, the USD deposit rates start at 3.69314% for a 1-month duration, increasing to 4.07180% for 12 months. The JPY rates begin at 0.69000% for 1 month and rise to 1.35000% for a 12-month period. CHF rates, however, start in negative territory at -0.05000% for both 1-month and 2-month durations, slightly improving to 0.20000% for 12 months. For the GBP, the rates begin at 3.78000% for 1 month and reach up to 4.56000% for 12 months.
The QAR rates, starting at 4.00000% for a 1-month period, decrease to 3.75000% for 12 months. SAR rates open at 4.50000% for 1 month and slightly increase to 4.60000% for 12 months. AED deposit rates begin at 2.05000% for 1 month and go up to 3.15000% for 12 months. Lastly, BHD rates start at 4.60000% for 1 month and see a minor increase to 4.69000% for the 12-month duration.