Doha: Deposit rates at Qatar National Bank (QNB) were released on Monday, indicating varied interest rates for different currencies and terms.
According to Qatar News Agency, the deposit rates for USD range from 4.15457% for a 1-month term to 3.61165% for a 12-month term. For JPY, the rates start at 0.40000% for 1-month and increase to 0.60000% for a 12-month term. The CHF rates show negative values, with the 1-month term at -0.18000% and the 12-month term at -0.07000%. Meanwhile, GBP rates range from 3.95000% for 1-month to 4.18000% for 12-months.
Deposit rates for local and regional currencies such as QAR, SAR, AED, and BHD were also specified. QAR rates begin at 4.85000% for 1-month and decrease to 4.40000% for 12-months. SAR rates show a slight fluctuation, starting at 5.00000% for 1-month and settling at 4.70000% for 12-months. AED rates vary from 2.05000% for 1-month to 3.15000% for 12-months. BHD rates remain consistent at 4.75000% for most terms, except for a decrease to 4.25000% for 12-months.