Doha: Qatar National Bank (QNB) has released its latest deposit rates, reflecting the current positioning of various currencies. As of Monday, the bank outlined the interest rates across multiple time frames and currencies, providing a comprehensive overview for depositors.
According to Qatar News Agency, the rates for USD deposits start at 3.66774% for one month and increase to 3.82708% for a twelve-month term. The Japanese Yen (JPY) maintains a steady rate of 0.70000% for one and two months, with a slight increase to 1.18000% for a twelve-month deposit. For the Swiss Franc (CHF), rates are negative at the shorter terms but gradually rise to 0.24000% at twelve months. Meanwhile, the British Pound (GBP) sees a progressive increase from 3.79000% for one month to 4.75000% for a twelve-month term.
For regional currencies, the Qatari Riyal (QAR) offers rates starting at 4.02885% for a one-month deposit and decreasing to 3.72500% for twelve months. The Saudi Riyal (SAR) rates begin at 4.50000% for one month and stabilize at 4.30000% for longer terms. The UAE Dirham (AED) starts at 2.05000% for one month and peaks at 3.15000% for twelve months. Lastly, the Bahraini Dinar (BHD) offers a starting rate of 4.60000% for one month, tapering off to 4.10000% at twelve months.