Doha: Deposit rates at opening as issued on Sunday by Qatar National Bank (QNB) indicate a range of interest rates across multiple currencies including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD. The updated rates are intended to guide customers in their financial planning and investment decisions.
According to Qatar News Agency, the one-month deposit rates for USD are set at 3.64459, while the rates for JPY and CHF are 0.90000 and -0.17000 respectively. The GBP rate for the same period stands at 3.78000. For those looking at the two-month deposit rates, USD is pegged at 3.70291 and GBP at 3.86000, with JPY and CHF at 0.92000 and -0.12000 respectively.
The three-month rates show an increase with USD at 3.76123, JPY at 1.02000, CHF at 0.05000, and GBP at 3.93000. A further rise is noted in the six-month rates, where USD is at 3.89174, JPY at 1.18000, CHF at 0.10000, and GBP at 4.14000. The twelve-month deposits show USD rates at 4.05546, JPY at 1.48000, CHF at 0.20000, and GBP at 4.48000.
For deposits in local and regional currencies, the one-month QAR rate is 4.02005, SAR is 4.50000, AED is 2.05000, and BHD is 4.60000. The two-month rates present slight variations with QAR at 3.99720, SAR at 4.30000, AED at 2.15000, and BHD remaining constant at 4.60000.
Three-month deposit rates for QAR and BHD are 4.00000 and 4.65000 respectively, whereas SAR is 4.45000 and AED is 2.40000. The six-month rates maintain QAR at 4.00000, SAR at 4.50000, AED at 2.85000, and BHD at 4.70000. The twelve-month rates depict QAR at 3.95000, SAR at 4.60000, AED at 3.15000, and BHD at 4.85000.
The newly issued rates by QNB serve as a crucial indicator for businesses and individuals planning their savings and investments over the next year.