Doha: Qatar National Bank (QNB) has announced its latest deposit rates for various currencies, effective from Monday. These rates provide insight into the current financial landscape for depositors in Qatar.
According to Qatar News Agency, the deposit rates for USD, JPY, CHF, and GBP have been structured across different tenures. For deposits in USD, the rates range from 4.32509% for one month to 3.95682% for twelve months. JPY deposit rates start at 0.35000% for one month, slightly increasing to 0.55000% for twelve months. Meanwhile, CHF rates present a mix with a starting rate of 0.01000% for one month and ending at 0.03000% for twelve months, with a notable dip into negative territory for the three-month tenure at -0.04000%. GBP depositors are offered rates beginning at 4.17000% for one month, peaking at 4.26000% for two months, and settling at 4.25000% for twelve months.
In the regional currencies, Qatari Riyal (QAR) deposit rates start at 4.85000% for one month and decrease to 4.45000% for twelve months. The deposit rates for the Saudi Riyal (SAR) begin at 4.90000% for one month, peaking at 5.10000% for three months, and then declining to 4.80000% for twelve months. The UAE Dirham (AED) deposit rates show a gradual increase from 2.05000% for one month to 3.15000% for twelve months. As for the Bahraini Dinar (BHD), the rates start at 5.26000% for one month and reduce to 4.59000% for twelve months.
These deposit rates reflect QNB’s strategic adjustments to cater to both local and international markets, providing options for depositors with varied preferences and financial strategies.
