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Qatar National Bank Issues Latest Deposit Rates Across Multiple Currencies

Doha: Deposit rates at opening as issued on Wednesday by Qatar National Bank (QNB) have been announced, detailing the interest rates for various currencies over different time periods. The rates for deposits in USD, JPY, CHF, GBP, as well as QAR, SAR, AED, and BHD have been specified for durations ranging from one month to twelve months.

According to Qatar News Agency, the USD deposit rates are set at 3.73173% for one month, 3.71022% for two months, 3.68871% for three months, 3.60432% for six months, and 3.44752% for twelve months. The JPY rates are 0.60000% for one and three months, 0.47000% for two months, 0.65000% for six months, and 0.80000% for twelve months. CHF deposits show negative rates, starting at -0.24000% for one month, gradually increasing to 0.06000% for twelve months. GBP rates begin at 3.70000% for one month, reaching up to 4.02000% for twelve months.

For local and regional currencies, QAR deposit rates are 4.07500% for one month, decreasing to 3.75000% by twelve months. SAR rates begin at 4.50000% for one month and stabilize at 4.30000% for three to twelve months. AED rates start at 2.05000% for one month and rise to 3.15000% for twelve months. BHD rates are set at 4.60000% for a one-month term, with a gradual decrease to 4.10000% for a twelve-month term.