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Qatar National Bank Releases New Deposit Rates Across Multiple Currencies

Doha: Deposit rates at Qatar National Bank (QNB) have been announced, detailing rates for various currencies including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD. These rates, issued on Thursday, provide insights into the current financial offerings for deposits from one month up to twelve months.

According to Qatar News Agency, the USD deposit rates begin at 4.34637% for one-month deposits, with a gradual decrease to 3.99352% for twelve-month deposits. The JPY rates start at 0.35000% for one-month deposits and increase to 0.55000% for twelve-month deposits. CHF deposit rates begin at -0.20000% for one month and rise to 0.02000% for twelve months, indicating an upward trend in longer-term deposits. GBP rates show a stable pattern with minor fluctuations, beginning at 4.12000% for one-month deposits and slightly increasing to 4.17000% for twelve months.

For local and regional currencies, the QAR rates begin at 4.85000% for one-month deposits and decrease to 4.50000% for twelve-month deposits. SAR rates start at 4.90000% for one month and display a slight increase to 5.05000% for twelve months. AED deposit rates start at 2.05000% for one month and rise to 3.15000% for twelve months, while BHD rates begin at 5.37000% for one month and decrease to 5.12000% for twelve-month deposits.

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