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Deposit Rates Issued by Qatar National Bank Show Varied Trends

Doha: Deposit rates at opening as issued on Sunday by Qatar National Bank (QNB) are as following: USD JPY CHF GBP 1M 3.64320 0.70000 -0.05000 3.76000 2Ms 3.66960 0.92000 -0.05000 3.80000 3Ms 3.69599 0.95000 -0.05000 3.85000 6Ms 3.78508 1.08000 0.02000 3.99000 12Ms 3.94477 1.28000 0.15000 4.38000 QAR SAR AED BHD 1M 4.05000 4.50000 2.05000 4.60000 2Ms 4.00000 4.30000 2.15000 4.50000 3Ms 4.00000 4.40000 2.40000 4.50000 6Ms 3.90000 4.30000 2.85000 4.50000 12Ms 3.75000 4.30000 3.15000 4.50000. According to Qatar News Agency, the deposit rates show a range of interest levels for different currencies and durations. The rates for USD deposits start at 3.64320 for one month and increase to 3.94477 for a 12-month period. Meanwhile, the Japanese Yen (JPY) shows a significant increase from 0.70000 to 1.28000 over the same duration. The Swiss Franc (CHF) starts with a negative rate of -0.05000 for terms up to three months, turning positive at 0.02000 and 0.15000 for six and twelve months respectively. The British Pound ( GBP) starts at 3.76000 for one month and rises to 4.38000 for twelve months. The rates for Qatari Riyal (QAR) deposits show a decrease from 4.05000 for one month to 3.75000 for twelve months. Saudi Riyal (SAR) rates remain consistent across most terms, with a slight fluctuation from 4.50000 to 4.30000. The UAE Dirham (AED) rates begin at 2.05000 and gradually rise to 3.15000 by the twelfth month. The Bahraini Dinar (BHD) shows a constant rate of 4.50000 for all terms.

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