Doha: Deposit rates at the opening, as issued on Sunday by Qatar National Bank (QNB), have been released, showcasing varying rates across multiple currencies and terms. These rates indicate the interest that depositors can expect to earn on their investments over specific periods.
According to Qatar News Agency, the deposit rates for USD range from 3.67127% for a one-month term to 3.44488% for a twelve-month term. The Japanese Yen (JPY) offers a rate of 0.55000% for one month, increasing to 0.95000% for a twelve-month deposit. Swiss Franc (CHF) deposit rates start at -0.29000% for one month and rise to 0.04000% for twelve months, indicating a shift from negative to positive interest over the longer term. The British Pound (GBP) shows a gradual increase in rates, from 3.82000% for one month to 3.97000% for twelve months.
For local and regional currencies, the Qatari Riyal (QAR) offers deposit rates beginning at 4.07500% for a one-month term, decreasing to 3.75000% over twelve months. The Saudi Riyal (SAR) maintains a consistent rate of 4.30000% from two-month to twelve-month terms, slightly higher for a one-month deposit at 4.50000%. The UAE Dirham (AED) shows an upward trend from 2.05000% for one month to 3.15000% for twelve months. The Bahraini Dinar (BHD) offers a one-month rate of 4.60000%, decreasing to 4.1000% for twelve months.
These deposit rates provide a comprehensive overview of the potential returns for investors looking to deposit in various currencies and terms, reflecting the current financial climate and economic conditions.