Doha: Qatar National Bank (QNB) announced its latest deposit rates on Thursday, detailing changes across various currencies and time frames. The rates cover a range of major currencies including USD, JPY, CHF, GBP, as well as regional currencies like QAR, SAR, AED, and BHD, for different deposit terms ranging from one month to twelve months.
According to Qatar News Agency, the deposit rates for USD start at 4.67171% for a one-month term and decrease to 4.17434% for a twelve-month term. The Japanese Yen (JPY) rates are negative, starting at -0.15000% for one month and improving slightly to -0.10000% for a twelve-month term. Meanwhile, the rates for the Swiss Franc (CHF) and British Pound (GBP) show varied trends, with CHF rates peaking at 0.97000% for two months and GBP rates reaching a high of 5.14000% for the same period.
In the regional currency segment, the Qatari Riyal (QAR) rates start at 5.32500% for a one-month deposit and decrease to 4.67500% for a twelve-month deposit. The Saudi Riyal (SAR) rates s
how a slight decrease over the same period, starting at 5.15000% and ending at 5.05000%. The UAE Dirham (AED) rates begin at 2.05000% for one month, climbing to 3.15000% for a twelve-month term, while the Bahraini Dinar (BHD) maintains a steady rate of 5.50000% for deposits up to three months, before dropping to 4.50000% for a twelve-month term.
These deposit rates provide insights into current financial trends and offer valuable information for investors and savers looking to optimize their financial strategies in Qatar’s banking sector.