Doha: Deposit rates at opening as issued on Monday by Qatar National Bank (QNB) are as follows.

According to Qatar News Agency, the QNB has announced the latest deposit rates effective immediately, covering a range of major currencies including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD. The rates are set for different maturities ranging from one month to twelve months, reflecting the bank’s strategy to manage liquidity and offer competitive returns to depositors.

For USD deposits, the rates start at 4.27256% for one month and gradually decrease to 3.76652% for a twelve-month period. JPY deposits, on the other hand, begin at 0.40000% for one month, increasing slightly to 0.55000% for twelve months. CHF deposit rates show a negative trend starting from -0.14000% for one month and improving to -0.01000% for a twelve-month term.

GBP deposits are offered at 3.86000% for one month, rising to 4.18000% for deposits held for twelve months. In the local and regional currencies, QAR deposits start at 4.83333% for one month, while SAR deposits begin at 4.90000%. AED deposits start at 2.05000% for one month, with BHD deposits offering the highest one-month rate at 5.29000%.

These rates reflect the bank’s response to current economic conditions and market demands, providing a variety of options for both individual and institutional investors seeking to maximize their returns on cash holdings.