Doha: Qatar National Bank (QNB) has announced its latest deposit rates for multiple currencies, effective from Monday. These rates include various terms ranging from one month to one year and are applicable to currencies such as the US Dollar (USD), Japanese Yen (JPY), Swiss Franc (CHF), British Pound (GBP), Qatari Riyal (QAR), Saudi Riyal (SAR), UAE Dirham (AED), and Bahraini Dinar (BHD).
According to Qatar News Agency, the USD deposit rates are set at 3.67316% for one-month deposits, 3.66897% for two-month deposits, 3.66477% for three-month deposits, 3.60770% for six-month deposits, and 3.44808% for twelve-month deposits. The JPY rates start at 0.58000% for one month and rise to 1.05000% for twelve months.
For the CHF, the rates are negative for most terms, with -0.11000% for one-month and two-month deposits, -0.12000% for three months, -0.02000% for six months, and -0.07000% for twelve months. The GBP rates show an upward trend from 3.59000% for one month to 3.76000% for twelve months.
In the local and regional currency segment, the QAR rates begin at 4.03160% for one-month deposits, moving down to 3.75000% for twelve months. SAR rates are both 4.50000% for one-month and twelve-month terms. The AED sees a significant increase from 2.05000% for one month to 3.15000% for twelve months. Lastly, the BHD rates show a decrease from 4.50000% for one month to 4.10000% for twelve months.