Doha: Qatar National Bank (QNB) has released its updated deposit rates, showing varied interest offerings across a range of currencies, including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD. The rates were publicly issued on Wednesday, providing insight into the financial conditions currently prevailing in Qatar.
According to Qatar News Agency, the deposit rates for USD start at 3.76805% for 1-month deposits, with gradual increases to 4.15961% for 12-month deposits. The JPY deposit rates begin at 0.87000% for a 1-month term, rising to 1.67000% for a 12-month term. For CHF, rates start at -0.18000% for 1-month deposits, incrementally rising to 0.20000% for 12-month deposits. The GBP rates begin at 3.80000% for 1-month deposits, increasing to 4.60000% for those over a 12-month period.
The deposit rates for QAR show an initial rate of 4.11615% for 1-month deposits, slightly rising to 4.13210% for 12-month deposits. SAR rates are set at 4.50000% for 1-month deposits, increasing to 4.60000% over a 12-month period. AED deposit rates start at 2.05000% for a 1-month term and rise to 3.15000% for 12-month deposits. BHD rates begin at 4.60000% for 1-month deposits, with a slight increase to 4.69000% for 12-month deposits.
These rates reflect QNB's current evaluation of the financial market and provide options for both short-term and long-term investment plans.