Doha: Deposit rates at the opening as issued on Thursday by Qatar National Bank (QNB) are detailed across various major currencies. The rates provided by QNB demonstrate the current interest landscape for deposits in USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD, spanning terms from one month to twelve months.
According to Qatar News Agency, the deposit rates for USD start at 3.75832% for a one-month term and decrease to 3.54028% for a twelve-month term. The Japanese Yen (JPY) shows a rate of 0.45000% for one month, increasing to 0.70000% for twelve months. Meanwhile, the Swiss Franc (CHF) exhibits a negative rate beginning at -0.42000% for one month and slightly improving to -0.02000% for a twelve-month deposit.
The rates for the British Pound (GBP) begin at 3.83000% for a one-month deposit, climbing to 4.06000% for a twelve-month term. For the Qatari Riyal (QAR), the rates start at 4.30000% for one month but decrease to 3.78170% for a twelve-month deposit. The Saudi Riyal (SAR) maintains a rate of 4.75000% for one month, dropping to 4.30000% for a twelve-month term.
Deposit rates for the United Arab Emirates Dirham (AED) commence at 2.05000% for one month and rise to 3.15000% for a twelve-month deposit. Lastly, for the Bahraini Dinar (BHD), the rate is consistent at 4.50000% for terms up to six months, before decreasing to 4.00000% for a twelve-month deposit.