Doha: Deposit rates at opening as issued on Sunday by Qatar National Bank (QNB) have been released, showcasing the interest rates applied to various currencies for different maturities.
According to Qatar News Agency, the deposit rates for USD start at 3.61998% for a one-month term and increase to 3.83591% for a twelve-month term. The rates for JPY begin at 0.73000% for one month and rise to 1.15000% for a twelve-month deposit. CHF rates start at -0.17000% for one month, turning positive to 0.15000% at twelve months. For the GBP, deposit rates start at 3.76000% for one month and increase to 4.40000% for a twelve-month period.
The local currency, QAR, has a one-month deposit rate set at 4.06760%, which decreases to 3.88333% for a twelve-month term. SAR rates are steady at 4.50000% for one month, slightly decreasing to 4.30000% for longer terms, including twelve months. The AED rates start at 2.05000% for one month and increase to 3.15000% for a twelve-month deposit. BHD rates begin at 4.57000% for a one-month period and rise to 4.85000% for twelve months.
These rates provide a comprehensive overview of the interest available on deposits in Qatar for a variety of currencies, reflecting the current financial environment in the region.