Qatar National Bank Releases New Deposit Rates for Multiple Currencies

Doha: Qatar National Bank (QNB) has announced the latest deposit rates for various currencies, providing an overview of the interest rates for different tenures. These rates, released on Monday, apply to deposits in multiple currencies, including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD.

According to Qatar News Agency, the deposit rates for USD start at 3.65677% for a 1-month deposit, increasing to 4.04506% for a 12-month deposit. For JPY, the rates remain constant at 0.95000% for the 1-month and 2-month tenures, with a slight increase to 1.38000% for a 12-month deposit.

The CHF rates begin at -0.19000% for a 1-month deposit and rise to 0.20000% for a 12-month deposit. GBP rates are set at 3.72000% for a 1-month tenure, reaching up to 4.48000% for a 12-month deposit.

In terms of local currencies, QAR deposit rates start at 4.04680% for a 1-month deposit and 4.15000% for both 6-month and 12-month deposits. SAR rates are 4.50000% for a 1-month deposit, increasing slightly to 4.60000% for a 12-month tenure.

For AED, the 1-month deposit rate is 2.05000%, with the rate rising to 3.15000% for a 12-month deposit. BHD rates start at 4.60000% for a 1-month deposit and reach 4.85000% for a 12-month deposit.

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