Doha: Deposit rates at opening as issued on Sunday by Qatar National Bank (QNB) are as follows. These rates detail the interest applicable across different currencies for varying deposit tenures.
According to Qatar News Agency, the deposit rates for USD begin at 3.63312% for a one-month term and gradually rise to 3.91357% for a twelve-month term. In contrast, the Japanese Yen (JPY) starts at a lower rate of 0.87000% for one month, increasing to 1.28000% for a twelve-month deposit.
For the Swiss Franc (CHF), the rates start in the negative at -0.16000% for a one-month deposit, improving to a positive 0.15000% for a twelve-month deposit. The British Pound Sterling (GBP) offers a more substantial rate, starting at 3.75000% for a one-month deposit and reaching up to 4.50000% for a twelve-month term.
For the Qatari Riyal (QAR), the one-month deposit rate begins at 4.05000%, decreasing to 3.75000% for a twelve-month term. The Saudi Riyal (SAR) maintains a consistent rate of 4.30000% for deposits of two months and beyond. The rates for the UAE Dirham (AED) start at 2.05000% for a one-month deposit, increasing to 3.15000% for twelve months. Lastly, the Bahraini Dinar (BHD) offers a rate of 4.59000% for a one-month deposit, rising to 4.85000% for a twelve-month term.