Doha: Deposit rates at the opening, as issued on Wednesday by Qatar National Bank (QNB), outline the bank’s current offerings for various currencies over different time periods. The rates provide insights into the interest customers can expect for deposits in US Dollars (USD), Japanese Yen (JPY), Swiss Francs (CHF), British Pounds (GBP), Qatari Riyals (QAR), Saudi Riyals (SAR), UAE Dirhams (AED), and Bahraini Dinars (BHD).

According to Qatar News Agency, the deposit rates for USD start with a 1-month rate of 4.34313% and taper to a 12-month rate of 3.97766%. The JPY offers a 1-month rate of 0.35000%, with a 12-month rate increasing to 0.55000%. For CHF, the 1-month rate begins at -0.18000%, while the 12-month rate is at -0.24000%. GBP deposit rates start at 4.09000% for 1-month and adjust to 4.11000% for 12-months.

In terms of regional currencies, QAR’s 1-month rate is set at 4.85000%, decreasing to 4.50000% for a 12-month period. SAR begins at 4.90000% for 1-month deposits, slightly reducing to 5.05000% for 12-month deposits. AED rates commence at 2.05000% for 1-month and increase to 3.15000% for 12-month deposits. BHD offers a consistent rate of 5.00000% from 1 to 6 months, tapering to 4.50000% for a 12-month period.

These rates reflect current trends in the banking sector and provide options for customers looking to secure their savings with QNB. The figures represent an essential indicator of the bank’s financial strategies and market position.