Doha: Qatar National Bank (QNB) has announced the latest deposit rates, effective from Monday, for various currencies including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD. The updated rates, reflecting different maturity periods ranging from one month to twelve months, offer a comprehensive overview of the current financial landscape.
According to Qatar News Agency, the USD deposit rates begin at 4.10159% for one month and decrease progressively to 3.58301% for twelve months. For JPY, the rates start at 0.40000% for one month and gradually rise to 0.55000% for twelve months. CHF deposit rates open at -0.20000% for one month, moving slightly upward to -0.04000% for twelve months. Meanwhile, GBP deposit rates commence at 3.95000% for one month and increase to 4.12000% for twelve months.
In terms of local and regional currencies, the QAR deposit rate remains consistent at 4.60000% for one and two months, before declining to 4.05000% for twelve months. SAR deposit rates start at 5.00000% for one month and slightly reduce to 4.95000% over twelve months. The AED deposit rates begin at 2.05000% for one month and rise to 3.15000% for twelve months. Lastly, BHD opens at 5.00000% for one month and declines to 4.60000% for twelve months.
These rates offer valuable insights for investors and financial analysts looking to understand the current economic conditions and make informed decisions regarding deposits and investments in the region.