Qatar National Bank Releases Latest Deposit Rates for Multiple Currencies

Doha: Qatar National Bank (QNB) has announced the latest deposit rates for various currencies, as reported on Thursday. The rates provide insights into the returns on deposits in several major currencies, including the US Dollar (USD), Japanese Yen (JPY), Swiss Franc (CHF), British Pound (GBP), and regional currencies such as the Qatari Riyal (QAR), Saudi Riyal (SAR), UAE Dirham (AED), and Bahraini Dinar (BHD).

According to Qatar News Agency, the deposit rates for the USD range from 3.67035% for a 1-month term to 3.99851% for a 12-month term. The JPY maintains a steady rate of 0.95000% for the 1-month to 6-month terms and rises to 1.28000% for a 12-month term. CHF rates show a negative trend for shorter terms, starting at -0.05000% for a 1-month term and reaching 0.20000% for a 12-month term. GBP rates begin at 3.74000% for a 1-month term and increase to 4.42000% for a 12-month term.

For regional currencies, QAR rates start at 4.00000% for a 1-month term and decrease to 3.75000% for a 12-month term. SAR rates show a slight decrease from 4.50000% for a 1-month term to 4.30000% for a 12-month term. AED rates begin at 2.05000% for a 1-month term and rise to 3.15000% for a 12-month term. BHD rates start at 4.60000% for a 1-month term and conclude at 4.85000% for a 12-month term.

These deposit rates reflect the current economic conditions and monetary policies affecting both international and regional markets. They are crucial for investors and individuals looking to maximize their returns on deposits across different currencies.