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Qatar National Bank Releases Updated Deposit Rates Across Multiple Currencies

Doha: Qatar National Bank (QNB) has announced its latest deposit rates as of Tuesday, revealing varied interest rates across multiple currencies, including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD.

According to Qatar News Agency, the USD deposit rates start at 4.36193% for one month, gradually decreasing to 3.83412% for twelve months. The JPY rates begin at 0.40000% for one month, with a slight fluctuation across different terms, ending at 0.55000% for twelve months. CHF deposit rates are negative, starting at -0.18000% for one month and reaching -0.09000% for twelve months. GBP rates, on the other hand, show a slight increase from 3.93000% for one month to 4.07000% for six months before settling at 4.04000% for twelve months.

The local currency QAR sees its rates begin at 4.82500% for one month and decrease to 4.42500% for twelve months. SAR rates, starting at 4.90000% for one month, peak at 5.10000% for three and six months, then slightly decline to 5.05000% for twelve months. AED deposit rates increase from 2.05000% for one month to 3.15000% for twelve months. BHD rates remain constant at 5.00000% for terms up to six months, before dropping to 4.50000% for twelve months.

These rates reflect QNB’s strategic adjustments to its deposit schemes, aligning with market trends and economic conditions.

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