Doha: Deposit rates at opening as issued on Thursday by Qatar National Bank (QNB) reveal varied rates across different currencies and tenures. The rates are categorized based on the duration of deposits, ranging from one month to twelve months, and cover several major currencies including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD.

According to Qatar News Agency, the deposit rates for USD start at 3.81778% for one month and gradually decrease to 3.51289% for twelve months. The JPY rates show a slight increase from 0.45000% for one month to 0.62000% for twelve months. CHF rates, however, remain in negative territory, starting at -0.32000% for one month and slightly improving to -0.08000% for twelve months. GBP rates show some fluctuation, with a rate of 3.87000% for one month and peaking at 3.96000% for two months and twelve months.

Furthermore, QNB has set the QAR deposit rate at 4.31250% for one month, which decreases to 3.81250% for twelve months. The SAR rates start at 4.75000% for one month, with a consistent rate of 4.55000% for other tenures except for three months, which is slightly higher at 4.65000%. The AED rates show an ascending trend, beginning at 2.05000% for one month and reaching 3.15000% for twelve months. On the other hand, the BHD rates remain steady at 4.50000% except for twelve months, where it is slightly lower at 4.00000%.

These rates provide insight into the current financial environment and offer potential investors a glimpse into the returns they can expect on different currencies and tenures with Qatar National Bank.