Doha: Deposit rates at opening as issued on Tuesday by Qatar National Bank (QNB) are as follows:
According to Qatar News Agency, the deposit rates for various currencies have been detailed by QNB. For USD deposits, the rates are 4.15679% for 1 month, 4.08005% for 2 months, 4.00331% for 3 months, 3.83986% for 6 months, and 3.60833% for 12 months. For JPY, the rates are 0.40000% for 1 month, 0.34000% for 2 months, 0.41000% for 3 months, 0.51000% for 6 months, and 0.75000% for 12 months.
In terms of CHF, the deposit rates are -0.20000% for 1 month, -0.09000% for 2 months, -0.21000% for 3 months, -0.02000% for 6 months, and -0.09000% for 12 months. For GBP, the rates are set at 3.95000% for 1 month, 3.96000% for 2 months, 4.02000% for 3 months, 4.10000% for 6 months, and 4.19000% for 12 months.
The QNB also detailed rates for regional currencies. For QAR, the rates are 4.56667% for 1 month, 4.50000% for 2 months, 4.33333% for 3 months, 4.25000% for 6 months, and 4.01667% for 12 months. SAR deposit rates are consistent at 5.00000% for 1 month, 5.00000% for 3 months, and 6 months, with a slight decrease to 4.95000% for 12 months.
For AED, the rates are 2.05000% for 1 month, 2.15000% for 2 months, 2.40000% for 3 months, 2.85000% for 6 months, and 3.15000% for 12 months. BHD rates are stable at 4.75000% for 1 month, 2 months, 3 months, and 6 months, declining to 4.25000% for 12 months.
These rates reflect the banking sector's response to market conditions and provide options for depositors across different currencies and durations.