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Qatar National Bank Announces New Deposit Rates Across Multiple Currencies

Doha: Deposit rates at opening as issued on Monday by Qatar National Bank (QNB) reveal varied interest rates across several currencies including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD.

According to Qatar News Agency, the deposit rates for USD start at 3.72923% for a one-month term and decrease to 3.43118% for a twelve-month term. For JPY, the rates begin at 0.60000% for one month and increase slightly to 0.69000% over a twelve-month period. CHF deposit rates are negative across all terms, starting at -0.22000% for one month and slightly improving to -0.03000% for both six and twelve-month terms. GBP rates show an increase from 3.71000% for a one-month deposit to 4.00000% for a twelve-month term.

The local currency QAR starts at a rate of 4.05000% for a one-month deposit, declining to 3.73333% over twelve months. SAR rates are consistent at 4.50000% for a one-month term and then stabilize at 4.30000% from the two-month term onwards. For AED, the rates begin at 2.05000% for one month and rise to 3.15000% over a twelve-month period. BHD deposit rates start at 4.54000% for a one-month term and decrease to 4.34000% for twelve months.

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