Doha: Deposit rates issued on Thursday by Qatar National Bank (QNB) reveal the current interest rates for various currencies including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD. These rates vary across different time periods ranging from one month to twelve months.
According to Qatar News Agency, the deposit rates for USD stand at 4.35223 for one month, decreasing to 3.96398 for twelve months. For the Japanese Yen (JPY), the one-month deposit rate is 0.40000, which increases to 0.55000 at twelve months. The Swiss Franc (CHF) shows a negative deposit rate starting at -0.15000 for one month, slightly improving to -0.08000 for twelve months. The British Pound (GBP) reflects a one-month rate of 4.00000, rising to 4.14000 for a twelve-month period.
For the Qatari Riyal (QAR), the one-month deposit rate is set at 4.85000, with a gradual decrease to 4.50000 over twelve months. The Saudi Riyal (SAR) starts at 4.90000 for one month and slightly declines to 5.05000 for twelve months. The United Arab Emirates Dirham (AED) has a one-month deposit rate of 2.05000, increasing to 3.15000 for twelve months. The Bahraini Dinar (BHD) shows a one-month rate of 5.26000, decreasing to 4.96000 for twelve months.
These rates provide insight into the current financial landscape and offer guidance for individuals and businesses looking to make informed decisions regarding their deposits in Qatar.