Doha: Qatar National Bank (QNB) has released the latest figures for deposit rates, effective as of Tuesday. The rates, categorized by different currencies and time durations, reflect the current financial climate and the bank’s strategy to stay competitive in the market.

According to Qatar News Agency, the deposit rates for USD range from 4.07306% for a 12-month period to 4.32322% for a 3-month period. The Japanese Yen (JPY) rates show a slight variance, with a peak of 0.55000% for a 12-month term, while the lowest rate is 0.29000% for a 3-month period. The Swiss Franc (CHF) continues to exhibit negative rates, standing at -0.14000% for 1 month and moving to -0.05000% for 2 months. For the British Pound (GBP), the rates start at 4.19000% for a 1-month deposit and rise to 4.37000% for 3 months.

In the Middle Eastern currencies, the Qatari Riyal (QAR) has a 1-month deposit rate of 4.85000% and decreases to 4.50000% for a 12-month period. The Saudi Riyal (SAR) shows a consistent trend with rates peaking at 5.10000% for a 3-month term. The UAE Dirham (AED) starts at 2.05000% for a 1-month period and goes up to 3.15000% for 12 months. Meanwhile, the Bahraini Dinar (BHD) maintains a steady rate of 5.00000% for most durations, with a slight drop to 4.50000% for a 12-month term.

These updated rates reflect QNB’s response to the global economic conditions and provide options for investors seeking to maximize their returns through varied deposit terms and currency options.