Doha: Qatar National Bank (QNB) has issued updated deposit rates as of Tuesday, detailing the interest rates for various currencies over different deposit terms.
According to Qatar News Agency, deposit rates for the US dollar (USD), Japanese yen (JPY), Swiss franc (CHF), and British pound (GBP) have been outlined by QNB. For the USD, the rates start at 3.70808% for a one-month term, increasing to 4.11437% for a twelve-month term. The JPY rates begin at 0.77000% for one month and rise to 1.45000% for a twelve-month deposit. Similarly, CHF rates show an upward trend from -0.28000% to 0.20000% over the same period. The GBP rates start at 3.83000% for one month, reaching 4.51000% for twelve months.
In the local context, QNB's deposit rates for the Qatari riyal (QAR), Saudi riyal (SAR), UAE dirham (AED), and Bahraini dinar (BHD) have been specified. For QAR, the one-month rate is 4.10000%, which decreases slightly to 3.95000% for a twelve-month term. SAR rates start at 4.50000% and climb to 4.60000% over twelve months. AED rates are set at 2.05000% for one month, increasing to 3.15000% after twelve months, while BHD deposit rates begin at 4.60000% for one month, rising to 4.80000% for a twelve-month term.
