Doha: Deposit rates at the opening, as issued on Wednesday by Qatar National Bank (QNB), have been updated across several major currencies.

According to Qatar News Agency, the new rates for USD deposits are as follows: a 1-month deposit rate stands at 4.34939%, the 2-month rate is 4.29562%, and the 3-month rate is set at 4.24185%. For longer-term deposits, the 6-month rate is 4.06194%, and the 12-month rate is 3.81214%.

For other currencies, the deposit rates are also specified. The JPY has a 1-month rate of 0.40000% and increases to 0.55000% for a 12-month deposit. CHF rates start at -0.23000% for 1-month deposits and improve to -0.06000% for 12-month deposits. GBP rates begin at 3.92000% for 1-month deposits, with a slight rise to 4.12000% for 12-month deposits.

In terms of regional currencies, QAR deposits start at 4.82500% for 1-month deposits, with a decrease to 4.42500% for 12-month deposits. SAR rates range from 4.90000% for 1-month deposits to 5.05000% over 12 months. AED rates are set at 2.05000% for 1-month and increase to 3.15000% for 12-month deposits. Lastly, BHD deposit rates hold steady at 5.00000% for up to 6 months, with a slight decrease to 4.50000% for 12 months.

These rates reflect QNB’s current offerings and are subject to change based on market conditions and other influencing factors.