Doha: Qatar National Bank (QNB) has announced the latest deposit rates for various currencies as of Tuesday, highlighting the rates for USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD. These rates are critical for investors and account holders seeking to maximize their returns on deposits in the region.

According to Qatar News Agency, the USD deposit rates are set at 3.64523% for one month, increasing gradually to 3.72594% for twelve months. The Japanese Yen (JPY) starts at a rate of 0.50000% for one month, rising to 1.20000% for twelve months. Rates for the Swiss Franc (CHF) remain in the negative for shorter terms, starting at -0.13000% for one month but turn positive at 0.15000% for a twelve-month deposit. The British Pound (GBP) shows a steady increase with a one-month rate of 3.63000%, reaching 4.63000% for twelve months.

For regional currencies, the Qatari Riyal (QAR) begins at a rate of 4.01820% for one month and decreases to 3.75000% for a twelve-month deposit. The Saudi Riyal (SAR) starts at 4.50000% for one month, maintaining consistency with a twelve-month rate of 4.30000%. The UAE Dirham (AED) shows growth from a one-month rate of 2.05000% to 3.15000% over twelve months. The Bahraini Dinar (BHD) begins at 4.56000% for one month and slightly decreases to 4.63000% for a twelve-month term.

These rates reflect QNB's strategic adjustments in response to prevailing market conditions, offering competitive options for diverse currencies, catering to the needs of both local and international depositors.