Doha: Deposit rates at opening as issued on Thursday by Qatar National Bank (QNB) exhibit varied interest rates across multiple currencies including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD.
According to Qatar News Agency, the USD deposit rates for one month stand at 4.25002, with a gradual decline seen in longer-term deposits, reaching 3.76543 for twelve months. JPY rates remain stable for the first two months at 0.40000, slightly increasing to 0.55000 by the twelve-month mark. CHF rates start at -0.02000 for one month and rise to 0.03000 for twelve months. The GBP rates are consistently above 4.00000, peaking at 4.13000 for twelve months.
In the Qatari Riyal (QAR), the one-month rate is 4.85000, decreasing over time to 4.45000 for twelve months. Rates for the Saudi Riyal (SAR) begin at 4.90000 and demonstrate a slight decrease to 5.05000 by twelve months. AED rates start at 2.05000, increasing significantly to 3.15000 for the twelve-month period. The Bahraini Dinar (BHD) shows a decrease from 5.28000 for one month to 4.62000 over twelve months.
These updated deposit rates provide financial insights for investors and individuals looking to manage their savings across different currencies with Qatar National Bank.