Doha: Deposit rates at opening as issued on Wednesday by Qatar National Bank (QNB) reveal the latest interest rates for various currencies including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD. These rates are set for different maturity periods ranging from one month to one year.
According to Qatar News Agency, the USD deposit rates start at 3.64834% for one month, increasing progressively to 4.07374% for twelve months. For JPY, the rates begin at 0.90000% for one month, with a slight increase to 1.28000% for twelve months. The CHF rates start at a negative -0.05000% for one month, but rise to 0.15000% over a year. GBP rates begin at 3.67000% for one month, peaking at 4.35000% for a twelve-month deposit.
The QAR deposit rates start at 4.00000% for a one-month term, decreasing to 3.75000% for a twelve-month deposit. SAR rates vary from 4.50000% for one month to a consistent rate of 4.30000% for periods beyond one month. AED rates start at 2.05000% for one month and increase to 3.15000% for a twelve-month term, while BHD rates begin at 4.60000% for one month, slightly decreasing to 4.50000% for a twelve-month period.
These rates reflect the current economic conditions and the interest rate policies of Qatar National Bank, aiming to provide competitive returns for depositors across different currencies and terms.