Doha: Qatar National Bank (QNB) has released its latest deposit rates for various currencies, providing insights into the current financial landscape in the region. The rates, issued on Wednesday, highlight the variations across different timeframes and currencies, affecting both international and local depositors. According to Qatar News Agency, the deposit rates for the US Dollar (USD) range from 4.57258% for a 1-month deposit to 4.30411% for a 12-month deposit. Meanwhile, the Japanese Yen (JPY) shows negative interest rates for shorter periods, starting at -0.10000% for 1-month deposits, improving slightly to 0.34000% for a 12-month term. For the Swiss Franc (CHF), the rates vary from 0.68000% for a 1-month deposit to 0.46000% for a 12-month deposit. The British Pound (GBP) offers rates from 4.64000% for a 1-month deposit to 4.62000% for a 12-month duration, indicating competitive returns for longer-term deposits in this currency. In terms of local currencies, the Qatari Riyal (QAR) shows a 5.07500% int erest rate for a 1-month deposit, decreasing to 4.70000% for a 12-month term. The Saudi Riyal (SAR) begins at 5.00000% for a 1-month deposit, tapering to 4.80000% for a 12-month deposit. The United Arab Emirates Dirham (AED) rates start at 2.05000% for 1-month deposits, gradually rising to 3.15000% for 12-month deposits. In Bahrain, the Bahraini Dinar (BHD) offers a 5.50000% rate for a 1-month deposit, decreasing to 5.00000% for a 12-month term. These rates provide a comprehensive view of the current deposit scenarios in both international and regional currencies, offering depositors various options based on their financial strategies and currency preferences.
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