Doha: Deposit rates at opening as issued on Sunday by Qatar National Bank (QNB) are as follows for multiple currencies and various tenures.
According to Qatar News Agency, the rates for the US Dollar (USD) start at 3.96256% for a one-month deposit, decreasing gradually to 3.59586% for a twelve-month deposit. For the Japanese Yen (JPY), the rates are 0.35000% for one-month and two-month deposits, increasing to 0.78000% for a twelve-month deposit. The Swiss Franc (CHF) deposit rates commence at -0.02000% for a one-month deposit and slightly improve to -0.01000% for a twelve-month deposit. The British Pound (GBP) rates begin at 4.00000% for a one-month deposit and remain at 3.98000% for both six-month and twelve-month deposits.
The Qatari Riyal (QAR) rates start at 4.30000% for a one-month deposit, tapering to 3.87500% for a twelve-month deposit. The Saudi Riyal (SAR) rates start at 4.75000% for a one-month deposit and hold steady at 4.55000% from two-month to twelve-month deposits. The UAE Dirham (AED) rates begin at 2.05000% for a one-month deposit and increase to 3.15000% for a twelve-month deposit. The Bahraini Dinar (BHD) rates start at 5.07000% for a one-month deposit, decreasing to 4.63000% for twelve-month deposits.