Doha: Qatar National Bank (QNB) has released its latest deposit rates for a range of currencies, effective from Thursday. The rates are set for various tenures, providing customers with options for one month, two months, three months, six months, and twelve months across different currencies including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD.
According to Qatar News Agency, the deposit rates for USD start at 3.66407% for one month and increase to 4.01188% for a twelve-month term. The JPY rates begin at 0.95000% for one month and rise to 1.33000% for a twelve-month deposit. For CHF, the rates vary from -0.05000% for one month to 0.20000% for a twelve-month term, indicating a shift in the interest trend.
The GBP deposit rates commence at 3.72000% for one month and peak at 4.37000% for a twelve-month deposit period. In local currencies, QAR rates start at 4.03340% for one month, with a noticeable decrease to 3.75000% for a twelve-month period. Similarly, SAR rates remain steady from two to twelve months at 4.30000%, while AED rates show an increase from 2.05000% for one month to 3.15000% for a twelve-month deposit. BHD rates climb from 4.60000% for one month to 4.85000% for a twelve-month deposit.
These updated rates reflect the current economic conditions and offer various options for depositors seeking to maximize their returns on investments in different currencies.