Doha: Qatar National Bank (QNB) has announced its deposit rates at the opening, effective Wednesday. The new rates cover multiple currencies including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD, and vary according to the deposit term ranging from one month to twelve months.
According to Qatar News Agency, the deposit rates for USD are set at 3.64265% for one month, rising incrementally to 3.77802% for a twelve-month term. For JPY, the rates start at 0.47000% for one month and increase to 1.12000% for a twelve-month period. The CHF rates, which begin at -0.10000% for a one-month term, rise to 0.15000% for a twelve-month term, while GBP rates start at 3.64000% and reach 4.65000% for the same period.
The QNB also provided deposit rates for regional currencies. For QAR, the rates commence at 4.01820% for a one-month term and decrease to 3.75000% for a twelve-month term. SAR rates are consistent at 4.50000% for one month, stabilizing at 4.30000% for longer terms. AED deposit rates begin at 2.05000% for one month, climbing to 3.15000% over twelve months. BHD rates start at 4.56000% for a one-month term and show slight fluctuations, settling at 4.63000% by the twelve-month mark.