Doha: Qatar National Bank (QNB) has released its updated deposit rates as of Wednesday, highlighting changes across a variety of major currencies. The rates, which are applicable for different deposit terms, are reflective of the current financial environment and provide insights into the bank’s strategic interest offerings.

According to Qatar News Agency, the deposit rates for USD are set at 4.32765% for one month, decreasing slightly to 4.31299% for two months, and then to 4.29833% for three months. For longer terms, the rates drop to 4.14257% for six months and further to 3.87090% for twelve months. In contrast, the rates for JPY exhibit a slight increase over longer terms, starting at 0.35000% for one month and rising to 0.55000% at twelve months.

The bank’s deposit rates for other currencies include CHF, which starts at a negative rate of -0.13000% for one month and slightly improves to -0.05000% for twelve months. For GBP, the rates show a slight fluctuation, beginning at 4.18000% for one month and peaking at 4.28000% for three months, before slightly reducing to 4.14000% for twelve months.

Further details reveal that QNB’s rates for QAR stand at 4.85000% for one month and gradually decrease to 4.50000% for a twelve-month term. The rates for SAR begin at 4.90000% for one month, peaking at 5.10000% between three and six months, and slightly declining to 5.05000% for twelve months. For AED and BHD, the rates start at 2.05000% and 5.00000% respectively for one month, with AED rates increasing to 3.15000% over twelve months, while BHD rates remain stable at 5.00000% for most terms but decrease to 4.50000% at twelve months.