Doha: Deposit rates at opening as issued on Sunday by Qatar National Bank (QNB) have been announced, detailing interest rates across various currencies and time frames.
According to Qatar News Agency, the issued rates include USD with a one-month deposit rate at 4.35325%, a two-month rate at 4.27391%, and a three-month rate at 4.19457%. For a six-month deposit, the rate is 4.03499%, while a twelve-month deposit is offered at 3.80030%.
For JPY, the rates are consistent for one and two months at 0.35000%, slightly increasing to 0.40000% for three months, and reaching 0.65000% for a twelve-month deposit. CHF sees negative rates, with a one-month rate of -0.15000%, a two-month rate of -0.11000%, fluctuating to -0.17000% for three months, and back to -0.15000% for twelve months.
GBP deposit rates begin at 3.95000% for one month, increase to 4.04000% for two months, slightly decrease to 4.01000% for three months, rise to 4.08000% for six months, and peak at 4.15000% for a twelve-month deposit.
For domestic and regional currencies, QAR deposits start at 4.85000% for one month and gradually decrease to 4.40000% for twelve months. SAR rates begin at 4.90000% and fluctuate, peaking at 5.10000% for three and six months before slightly decreasing to 5.05000% for twelve months. AED sees progressive increments from 2.05000% for one month to 3.15000% for twelve months. BHD starts at 5.30000% for one month, reduces to 4.94000% by twelve months, with minor fluctuations in between.
These varied rates reflect the current financial strategies and market conditions as assessed by Qatar National Bank, providing options for depositors in multiple currencies.