Doha: Deposit rates at the opening as issued on Thursday by Qatar National Bank (QNB) show varied interest rates across multiple currencies for different deposit tenures.
According to Qatar News Agency, for USD deposits, the rates are set at 3.67340% for one month, 3.67143% for two months, 3.66946% for three months, 3.62869% for six months, and 3.50891% for twelve months. In contrast, JPY deposits begin at 0.70000% for one month and increase to 1.00000% for a twelve-month deposit.
CHF deposit rates start at -0.17000% for one month and adjust upwards slightly to 0.05000% for a twelve-month period. For GBP deposits, the rates begin at 3.58000% for one month, peaking at 3.87000% for a twelve-month tenure.
In terms of regional currencies, QAR deposits are offered at 4.05730% for one month, falling gradually to 3.70000% for twelve months. SAR deposits maintain a consistent rate of 4.30000% for two, six, and twelve-month tenures, with a slight increase to 4.50000% for one month. AED deposits show a rate of 2.05000% for one month, increasing to 3.15000% for a twelve-month period. Lastly, BHD deposits begin at 4.55000% for one month and decrease to 4.22000% over a twelve-month term.