Doha: Deposit rates at Qatar National Bank (QNB) have been released, detailing the rates for various currencies as of Sunday. The rates, which are set for different time maturities, provide insights into the current financial climate and investment opportunities within the region.
According to Qatar News Agency, the deposit rates for USD range from 3.98631 for a 1-month deposit to 3.47879 for a 12-month deposit. The rates for JPY are consistent at 0.40000 for 1-month to 3-month deposits and increase to 0.80000 for a 12-month deposit. For CHF, the rates start at -0.18000 for a 1-month deposit and adjust to -0.03000 for a 12-month deposit. GBP deposit rates begin at 3.95000 for a 1-month term and reach 4.05000 for a 12-month term.
The deposit rates for local and regional currencies such as QAR, SAR, AED, and BHD are also outlined. For QAR, the rates start at 4.60000 for a 1-month deposit and decrease to 4.10000 for a 12-month deposit. SAR rates begin at 5.00000 for a 1-month deposit and slightly decline to 4.55000 for a 12-month term. AED rates are listed from 2.05000 for a 1-month deposit to 3.15000 for a 12-month deposit. BHD rates start at 5.08000 for a 1-month deposit, ending at 4.60000 for a 12-month term.
These rates provide potential investors and account holders with critical information on the returns they can expect from their deposits over varying time frames, reflecting the current economic conditions and monetary policies in Qatar and the surrounding region.