Doha: Qatar National Bank (QNB) has announced the latest deposit rates for various currencies, effective from Sunday. The bank’s deposit rates reflect current market conditions and provide customers with updated interest rates across different tenures.
According to Qatar News Agency, the deposit rates are structured across multiple currencies and time periods. For USD deposits, the rates begin at 4.61648% for one month and decrease to 4.21872% for a twelve-month term. The rates for JPY deposits start at -0.07000% for one month, illustrating a negative interest rate scenario, and increase to 0.40000% for a twelve-month term. CHF deposit rates are initiated at 0.76000% for one month and adjusted to 0.50000% over a year, while GBP deposits begin at 4.73000% for one month and end at the same rate for twelve months.
Further details reveal that QNB has set rates for QAR deposits at 5.32500% for one month, decreasing to 4.67500% over twelve months. SAR deposits open at 5.00000% for one month and drop to 4.80000% f
or a twelve-month term. For AED, the rate starts at 2.05000% for one month, rising to 3.15000% in a year. Lastly, the BHD deposit rates are marked at 5.43000% for one month and decrease to 4.92000% for a twelve-month period.
These rates provide comprehensive options for depositors, allowing for tailored financial planning based on individual and corporate needs.