Doha: Qatar National Bank (QNB) has released the latest deposit rates for various currencies, effective as of Tuesday. These rates apply to multiple currencies including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD, and are specified for different deposit tenures ranging from one month to twelve months.

According to Qatar News Agency, the deposit rate for USD starts at 3.63639% for a one-month term and increases to 3.88565% for a twelve-month term. The JPY deposit rate begins at 0.85000% for a one-month period and reaches 1.25000% for a twelve-month term. For the CHF, the rates are in the negative for shorter terms, starting from -0.14000% for one month and shifting to a positive 0.15000% for twelve months. GBP rates start at 3.67000% for one month, escalating to 4.37000% for a twelve-month duration.

Additionally, the deposit rates for QAR remain constant at 4.10000% for terms up to three months, then slightly decrease to 3.75000% for twelve months. SAR rates initiate at 4.50000% for one month and stabilize at 4.30000% from two months onward. AED rates start at 2.05000% for one month, rising to 3.15000% for twelve months. Lastly, BHD deposit rates range from 4.60000% for one month to 4.69000% for a twelve-month term.

The newly released rates provide insight into current trends and fluctuations in the currency deposit market, as set by Qatar National Bank.