Doha: Deposit rates at the opening, as issued on Thursday by Qatar National Bank (QNB), reveal varied interest rates across different currencies and maturities.
According to Qatar News Agency, the deposit rates for USD range from 4.33741% for a one-month maturity to 3.89320% for a 12-month term. The Japanese Yen (JPY) shows a rate of 0.35000% for one month, increasing slightly to 0.55000% for a year-long deposit. The Swiss Franc (CHF) has a negative rate starting at -0.02000% for a one-month maturity, decreasing to -0.07000% over a 12-month period. The British Pound (GBP) rates start at 4.15000% for a one-month deposit, holding steady at 4.15000% for a 12-month maturity.
For regional currencies, the Qatari Riyal (QAR) offers a one-month deposit rate of 4.85000%, gradually decreasing to 4.45000% for a 12-month maturity. The Saudi Riyal (SAR) presents a rate of 4.90000% for one month, decreasing to 4.80000% for a 12-month deposit. The UAE Dirham (AED) begins at 2.05000% for a one-month deposit, increasing to 3.15000% for a 12-month term. Lastly, the Bahraini Dinar (BHD) maintains a consistent rate of 5.00000% for up to six months, dropping to 4.50000% for a 12-month maturity.