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Qatar National Bank Announces Current Deposit Rates for Multiple Currencies

Doha: Deposit rates at the opening as issued on Thursday by Qatar National Bank (QNB) have been detailed for a range of currencies including USD, JPY, CHF, and GBP, as well as QAR, SAR, AED, and BHD.

According to Qatar News Agency, the deposit rates for USD range from 4.13359% for a one-month deposit to 3.59516% for a twelve-month deposit. For JPY, the rates are consistent at 0.40000% for both one-month and two-month deposits, increasing slightly to 0.45000% for three-month and six-month deposits, and reaching 0.55000% for twelve-month deposits. CHF deposit rates start at -0.17000% for a one-month deposit and improve to -0.02000% for a twelve-month deposit, showing gradual improvement over time. For GBP, the rates begin at 4.02000% for a one-month period, increasing to 4.20000% for a twelve-month deposit.

For deposits in QAR, rates start at 4.85000% for one-month deposits and decrease to 4.42500% for twelve-month deposits. SAR deposit rates begin and remain steady at 4.90000% for one and two-month deposits, peaking at 5.00000% for three and six-month deposits before slightly decreasing to 4.95000% for twelve months. AED deposit rates show an upward trend from 2.05000% for a one-month deposit to 3.15000% for twelve months. Lastly, BHD deposit rates commence at 5.27000% for a one-month deposit and decrease to 4.49000% for a twelve-month deposit, with fluctuations in between.