Doha: Deposit rates at the opening, as issued on Thursday by Qatar National Bank (QNB), reveal varied interest scenarios across different currencies and terms.
According to Qatar News Agency, the bank disclosed the following rates: For USD deposits, the rates are 3.74444% for 1 month, 3.79050% for 2 months, 3.83656% for 3 months, 3.97623% for 6 months, and 4.17408% for 12 months. The Japanese Yen (JPY) rates start at 0.81000% for 1 month and increase up to 1.33000% for 12 months. Swiss Franc (CHF) depositors face negative rates initially at -0.18000% for 1 month but see a positive rate of 0.20000% for a 12-month term. British Pound (GBP) deposits begin at 3.66000% for a 1-month term, going up to 4.59000% over 12 months.
For deposits in Qatari Riyal (QAR), interest rates commence at 4.09905% for 1 month and slightly decrease to 4.12720% for a 12-month term. The Saudi Riyal (SAR) starts at a 1-month rate of 4.50000%, with a 12-month rate remaining the same at 4.75000%. The United Arab Emirates Dirham (AED) offers 2.05000% for 1 month, increasing to 3.15000% for 12 months. The Bahraini Dinar (BHD) rates begin at 4.60000% for a 1-month term and rise to 4.80000% over 12 months.
These rates provide insight into the current financial climate and offer depositors options across different currencies with varying interest benefits.