Doha: Deposit rates at opening as issued on Tuesday by Qatar National Bank (QNB) are as following:
According to Qatar News Agency, the deposit interest rates for various currencies were released, providing insights into the current financial landscape in Qatar. For USD, the rates are set at 3.73023 for 1 month, 3.70943 for 2 months, 3.68863 for 3 months, 3.60516 for 6 months, and 3.44595 for 12 months.
In terms of JPY, the rates stand at 0.50000 for 1 month, decreasing slightly to 0.46000 for 2 months, then rising to 0.60000 for 3 months, 0.73000 for 6 months, and further to 0.90000 for a 12-month deposit. Meanwhile, CHF rates start at -0.19000 for 1 month, then shift to -0.20000 for 2 months, return to -0.19000 for 3 months, reach -0.01000 for 6 months, and finally -0.05000 for 12 months.
For GBP deposits, the rates begin at 3.83000 for 1 month, increase to 3.92000 for 2 months, rise slightly to 3.95000 for 3 months, and continue to climb to 3.97000 for 6 months, ending at 3.99000 for a 12-month term.
The rates for QAR are set at 4.02500 for 1 month, 3.95000 for 2 months, 3.90000 for 3 months, 3.82500 for 6 months, and 3.72500 for 12 months. SAR rates start at 4.50000 for 1 month, decrease to 4.30000 for the following terms of 2, 3, 6, and 12 months respectively.
For AED, the rates begin at 2.05000 for 1 month, increase to 2.15000 for 2 months, and continue to rise to 2.40000 for 3 months, 2.85000 for 6 months, and peak at 3.15000 for a 12-month deposit. Finally, BHD rates start at 4.60000 for 1 month, decrease to 4.50000 for 2 months, 4.40000 for 3 months, further to 4.30000 for 6 months, and conclude at 4.10000 for a 12-month term.