Doha: Qatar National Bank (QNB) has announced its updated deposit rates as of Wednesday, providing a comprehensive overview of rates across several major currencies. The updated rates reflect the financial institution’s current offerings for deposits ranging from one month to twelve months.

According to Qatar News Agency, the deposit rates for USD start at 4.60769% for a one-month term, gradually decreasing to 4.23960% for twelve months. In contrast, the Japanese Yen (JPY) shows negative rates for shorter terms, with a twelve-month rate of 0.33000%. The Swiss Franc (CHF) ranges from 0.76000% for a one-month deposit to 0.47000% for twelve months. The British Pound (GBP) offers slightly higher rates starting at 4.62000% for a one-month term, with a slight decrease to 4.66000% for a twelve-month deposit.

For regional currencies, the Qatari Riyal (QAR) deposit rates begin at 5.30000% for one month and decrease to 4.60000% for twelve months. The Saudi Riyal (SAR) starts at 5.00000% for a one-month term, going do
wn to 4.80000% for twelve months. The UAE Dirham (AED) rates begin at 2.05000% for a one-month deposit, increasing to 3.15000% for a twelve-month term. Lastly, the Bahraini Dinar (BHD) shows a starting rate of 5.50000% for one month, with a decrease to 4.95000% for twelve months.