Doha: Qatar National Bank (QNB) has issued updated deposit rates for various currencies as of Tuesday. The bank's rates cover a range of currencies including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD, with specific rates outlined for different timeframes such as 1 month, 2 months, 3 months, 6 months, and 12 months.

According to Qatar News Agency, the USD deposit rates are set at 3.67106% for 1 month, gradually decreasing to 3.47881% for a 12-month period. For the Japanese Yen (JPY), the rates start at 0.70000% for both 1 and 3 months, with a slight increase to 1.04000% for 12 months. Swiss Franc (CHF) depositors will see negative rates, beginning at -0.09000% for 1 month and reaching -0.09000% again at 12 months, despite a dip to -0.16000% at the 3-month mark. The British Pound (GBP) rates are set at 3.68000% for 1 month and rise to 3.88000% for the 12-month period.

The Qatari Riyal (QAR) rates start at 4.07500% for 1 month and decrease to 3.75000% for a 12-month deposit. Saudi Riyal (SAR) rates remain consistent at 4.30000% from 2 months to 12 months, after an initial 4.50000% for 1 month. The UAE Dirham (AED) rates commence at 2.05000% for 1 month and climb to 3.15000% by 12 months. Bahrain Dinar (BHD) deposit rates are set at 4.60000% for 1 month, decreasing to 4.10000% over 12 months.

These rates are crucial for customers planning their investments and savings, providing them with a variety of options based on their currency holdings and investment timelines.