Qatar National Bank Releases Updated Deposit Rates for Major Currencies

Doha: Deposit rates at opening as issued on Thursday by Qatar National Bank (QNB) are as following:

According to Qatar News Agency, the new deposit rates for various currencies have been announced. For USD deposits, the rates start at 4.31324% for one-month deposits, progressing to 4.31787% for two months, 4.32250% for three months, 4.26132% for six months, and 4.08239% for twelve months.

In the case of JPY, the rates are 0.35000% for one month, decreasing to 0.25000% for two months, then slightly increasing to 0.28000% for three months, and reaching 0.45000% and 0.55000% for six and twelve months, respectively.

For CHF deposits, the rates are negative, starting at -0.12000% for both one and three months, improving slightly to -0.08000% for two and twelve months, and -0.16000% for six months.

GBP deposit rates start at 4.14000% for one month, increasing to 4.21000% for two months, then slightly decreasing to 4.19000% for three months, 4.16000% for six months, and reaching 4.26000% for twelve months.

For the local QAR, rates are 4.85000% for one month, decreasing progressively to 4.50000% for twelve months. SAR rates start at 4.90000% for one month, peaking at 5.10000% for both three and six months, before concluding at 5.05000% for twelve months.

AED deposits offer rates starting at 2.05000% for one month, increasing steadily to 3.15000% for twelve months. Meanwhile, BHD deposit rates start at 5.36000% for one month and decrease steadily to 4.71000% for twelve months.