Doha: Deposit rates at opening as issued on Thursday by Qatar National Bank (QNB) are as following: USD JPY CHF GBP 1M 4.31397 0.35000 0.12000 4.40000 2Ms 4.29992 0.06000 0.24000 4.44000 3Ms 4.28586 0.17000 0.20000 4.37000 6Ms 4.17565 0.13000 0.22000 4.36000 12Ms 3.97399 0.21000 0.22000 4.42000 QAR SAR AED BHD 1M 4.85000 4.90000 2.05000 5.25000 2Ms 4.75000 5.00000 2.15000 4.89000 3Ms 4.65000 5.10000 2.40000 4.80000 6Ms 4.50000 5.20000 2.85000 4.79000 12Ms 4.42500 5.10000 3.15000 4.78000
According to Qatar News Agency, the latest deposit rates reflect the current financial landscape and are applicable as per the terms set forth by QNB. The bank has set varying rates across multiple currencies and deposit tenures, offering options in currencies such as USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD.
The rates for USD deposits range from 4.31397% for a 1-month term to 3.97399% for a 12-month term. Meanwhile, the JPY rates open at 0.35000% for 1 month, showing a decrease to 0.21000% for 12 months. CHF deposit rates display slight fluctuations, starting at 0.12000% for 1 month and reaching 0.22000% at both 6 and 12 months. GBP deposit rates begin at 4.40000% for a 1-month term and vary over other terms.
For local currencies such as QAR, the rates are set at 4.85000% for a 1-month deposit, decreasing to 4.42500% for a 12-month period. SAR rates start at 4.90000% for 1 month and remain stable at 5.10000% for 3 and 12 months. AED deposit rates begin at 2.05000% for 1 month, rising to 3.15000% over a 12-month term. BHD rates open at 5.25000% for a 1-month deposit, decreasing to 4.78000% for a 12-month period.
These rates are indicative of QNB’s strategic positioning in the financial market and are subject to change based on economic conditions and regulatory requirements.