Doha: Qatar National Bank (QNB) has announced the opening deposit rates for various currencies as of Monday. The data reveals the interest rates for different durations ranging from one month to twelve months across eight currencies, including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD.
According to Qatar News Agency, the rates for USD are set at 4.35134% for a one-month deposit, gradually decreasing to 4.06142% for a twelve-month deposit. For JPY, the rates begin at 0.40000% for both one-month and two-month deposits, with a slight increase to 0.55000% for a twelve-month duration. The CHF rates start at -0.22000% for a one-month deposit, improving marginally to -0.04000% for twelve months. The GBP rates range from 3.97000% for one month to 4.10000% for twelve months.
Furthermore, the QAR rates start at 4.80000% for a one-month deposit and gradually decrease to 4.40000% for a twelve-month duration. The SAR rates show a similar trend, starting at 4.90000% for one month and slightly decreasing to 5.05000% for twelve months. For AED, the rates begin at 2.05000% for a one-month deposit and increase to 3.15000% for a twelve-month deposit. Finally, the BHD rates are stable at 5.00000% for one to six months, before reducing to 4.50000% for twelve months.