Doha: Deposit rates at opening as issued on Tuesday by Qatar National Bank (QNB) are as follows for various currencies and terms ranging from one month to twelve months.
According to Qatar News Agency, the rates for the USD are set at 4.31501% for one month, 4.25645% for two months, 4.19788% for three months, 4.04203% for six months, and 3.79793% for twelve months. The Japanese Yen (JPY) holds a consistent rate of 0.40000% for one and two months, increasing slightly to 0.45000% for three and six months, and reaching 0.55000% for a twelve-month term.
For the Swiss Franc (CHF), the rates are negative, starting at -0.14000% for one month, -0.08000% for two months, -0.13000% for three months, -0.05000% for six months, and -0.10000% for twelve months. The British Pound Sterling (GBP) rates are set at 3.94000% for one month, 4.03000% for two and three months, 4.12000% for six months, and 4.09000% for twelve months.
The Qatari Riyal (QAR) deposit rates are 4.85000% for one month, 4.75000% for two months, 4.65000% for three months, 4.50000% for six months, and 4.45000% for twelve months. The Saudi Riyal (SAR) rates stand at 4.90000% for one month, 5.00000% for two months, 5.10000% for three and six months, and 5.05000% for twelve months.
The rates for the United Arab Emirates Dirham (AED) are 2.05000% for one month, 2.15000% for two months, 2.40000% for three months, 2.85000% for six months, and 3.15000% for twelve months. Lastly, the Bahraini Dinar (BHD) rates are stable at 5.00000% for terms up to six months, with a slight reduction to 4.50000% for a twelve-month term.