Doha: Deposit rates at opening as issued on Tuesday by Qatar National Bank (QNB) have been released, showcasing the current interest rates across various currencies and time frames. The rates reflect the financial dynamics and market conditions influencing banking decisions in Qatar.

According to Qatar News Agency, the deposit rates for USD, JPY, CHF, and GBP vary with the length of the deposit term. For USD deposits, the rates range from 4.00728% for a 1-month deposit to 3.62354% for a 12-month deposit. Meanwhile, the Japanese yen (JPY) starts at 0.40000% for 1-month deposits and reaches 0.78000% for 12-month deposits. The Swiss franc (CHF) shows negative interest rates, starting at -0.06000% for a 1-month deposit and slightly increasing to -0.04000% for a 12-month deposit. The British pound (GBP) offers rates from 3.87000% to 3.93000% over the same time period.

For local and regional currencies, the Qatari riyal (QAR) has deposit rates beginning at 4.33333% for 1 month and decreasing to 3.75000% for a 12-month term. Similarly, the Saudi riyal (SAR) rate starts at 5.00000% for a 1-month term and stabilizes at 4.55000% for terms up to 12 months. The United Arab Emirates dirham (AED) offers a starting rate of 2.05000% for a 1-month deposit, rising to 3.15000% for a 12-month term. Lastly, the Bahraini dinar (BHD) maintains a consistent rate of 4.75000% for terms up to 6 months, with a slight decrease to 4.2500% for a 12-month term.

These rates provide a snapshot of the current financial environment in Qatar and offer insights for investors and depositors considering their options in both local and foreign currencies.