Doha: Qatar National Bank (QNB) has issued the updated deposit rates for various currencies as of Sunday. These rates, which are essential for investors and account holders, reflect the prevailing economic conditions and the bank's strategic financial planning.

According to Qatar News Agency, the deposit rates differ across several currencies, including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD. For USD deposits, the rates are set at 3.64392% for a 1-month term, gradually increasing to 3.99367% for a 12-month term. JPY deposit rates range from 0.87000% for a 1-month term to 1.28000% for a 12-month term.

CHF deposits exhibit negative rates for shorter terms, starting at -0.10000% for 1-month and reaching positive territory at 0.15000% for a 12-month term. GBP rates start at 3.79000% for 1-month and rise to 4.31000% for a 12-month deposit.

For local currency QAR, the 1-month term rate is 4.10000%, decreasing to 3.75000% for a 12-month term. SAR rates remain relatively stable, starting at 4.50000% for a 1-month term and maintaining 4.30000% for terms up to 12 months.

The AED deposit rates begin at 2.05000% for a 1-month term, increasing to 3.15000% for a 12-month term. BHD rates start at 4.59000% for a 1-month deposit, reaching 4.88000% for a 12-month term.

These rates provided by QNB are indicative of the bank's efforts to align with the global financial environment while catering to the regional market needs.