Doha: Qatar National Bank (QNB) has announced its latest deposit rates for a variety of currencies, effective from Sunday. The rates cover a range of deposit periods, including 1-month, 2-month, 3-month, 6-month, and 12-month terms. These rates apply to several major currencies such as USD, JPY, CHF, GBP, as well as regional currencies including QAR, SAR, AED, and BHD.
According to Qatar News Agency, the updated rates for USD deposits start at 3.74231% for a 1-month term, increasing to 4.12425% for a 12-month term. JPY deposits begin at 0.95000% for a 1-month term and rise to 1.68000% for a 12-month term. For CHF, the rates start at -0.18000% for a 1-month term and reach 0.20000% for a 12-month term. GBP deposit rates begin at 3.80000% for a 1-month term and increase to 4.60000% for a 12-month term.
The rates for local and regional currencies are as follows: QAR deposits start at 4.11355% for a 1-month term, climbing to 4.34615% for a 12-month term. SAR deposits are set at 4.50000% for both 1-month and 6-month terms, reaching 4.60000% for a 12-month term. AED deposit rates commence at 2.05000% for a 1-month term and rise to 3.15000% for a 12-month term. For BHD, the rates are 4.60000% for a 1-month term, increasing to 4.85000% for a 12-month term.
This announcement provides essential information for investors and customers of Qatar National Bank, as they make decisions regarding their deposit investments in both international and regional currencies.