Doha: Qatar National Bank (QNB) has announced its latest deposit rates as of Wednesday, providing insights into the interest rates available across a range of major currencies. These rates, applicable for various deposit terms, highlight the bank’s current offerings in the financial sector.

According to Qatar News Agency, the deposit rates for key international currencies such as USD, JPY, CHF, and GBP vary across different terms. For the USD, the interest rates are set at 4.36576% for one month, 4.29933% for two months, 4.23290% for three months, 4.06671% for six months, and 3.84083% for twelve months. The JPY rates start at 0.40000% for one month and incrementally adjust to 0.55000% for a twelve-month deposit. Meanwhile, for the CHF, the rates are slightly negative, beginning at -0.15000% for one month and adjusting to -0.10000% for a twelve-month term. The GBP rates show a gradual increase from 3.93000% for a one-month deposit to 4.05000% for a twelve-month term.

The local currencies, including QAR, SAR, AED, and BHD, also have defined rates. For QAR, the rates start at 4.85000% for one month and slightly decrease to 4.45000% for a twelve-month deposit. SAR rates are consistent, starting at 4.90000% for one month and peaking at 5.10000% for three and six months before slightly decreasing to 5.05000% for a twelve-month period. AED rates start at 2.05000% for one month and rise to 3.15000% for a twelve-month deposit. Meanwhile, BHD rates remain unchanged at 5.00000% for the first six months and adjust to 4.50000% for a twelve-month deposit.

These newly announced rates by QNB reflect the current trends and conditions in the international and regional financial markets, providing customers with updated options for their deposit needs.