Doha: Deposit rates at Qatar National Bank (QNB) have been updated and issued on Monday, offering a detailed breakdown across several currencies for different deposit durations.
According to Qatar News Agency, the newly issued deposit rates are segmented by currencies, including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD. For USD deposits, the rates start at 4.31930% for a 1-month term and decrease slightly to 4.22342% for a 12-month term. The JPY rates demonstrate a low-interest offering, beginning at 0.28000% for a 1-month duration and peaking at 0.29000% for a 12-month period.
CHF deposit rates are relatively stable, with a minor fluctuation from 0.44000% for a 1-month term to 0.24000% for a 12-month term. GBP rates remain consistent across most terms, with a slight decrease to 4.42000% for a 6-month deposit before reverting to 4.44000% for a 12-month period.
The domestic currency, QAR, starts at 4.85000% for a 1-month term, gradually decreasing to 4.45000% for a 12-month duration. SAR shows an initial rate of 5.20000% for a 1-month deposit, with a notable decline to 4.70000% for a 12-month term.
AED deposit rates begin at 2.05000% for a 1-month period, increasing to a peak of 3.15000% for the 12-month duration. BHD rates remain steady at 5.00000% for the shorter terms, with a slight reduction to 4.50000% for the 12-month period.
These rates offer a comprehensive view of the current deposit options available at Qatar National Bank, reflecting both global currency trends and regional financial strategies.