Doha: Qatar National Bank (QNB) has announced the deposit rates for various currencies, effective as of Thursday. The bank has provided detailed rates for USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD, offering insights into the interest rates for different maturity periods ranging from one month to twelve months.

According to Qatar News Agency, for USD deposits, the rates begin at 3.87272% for one month, decreasing slightly to 3.50452% for twelve months. The JPY rates start at 0.40000% for a one-month deposit, with a gradual increase to 0.83000% for a twelve-month term. CHF rates show a negative trend, starting at -0.22000% for one month and slightly improving to -0.06000% over twelve months. The GBP rates are relatively stable, beginning at 3.96000% for a one-month deposit and slightly fluctuating to 3.94000% for a twelve-month duration.

In the local currency QAR, the one-month deposit rate is 4.30000%, with a decrease to 3.75000% for a twelve-month deposit. SAR and AED deposit rates are consistent across different terms, with SAR starting at 4.75000% for one month and AED at 2.05000% for the same period, both showing minimal variations over longer terms. BHD rates remain constant at 4.50000% for terms up to six months, with a slight dip to 4.00000% for a twelve-month deposit.