Doha: Deposit rates at the opening as issued on Monday by Qatar National Bank (QNB) provide a detailed look at the interest offered across a range of currencies.
According to Qatar News Agency, the deposit rates for the US Dollar (USD) start at 4.02374% for a one-month term and gradually decrease to 3.46845% for a twelve-month term. The rates for the Japanese Yen (JPY) begin at 0.40000% for one month, peaking at 0.80000% for a twelve-month deposit. The Swiss Franc (CHF) shows negative rates, starting at -0.14000% for a one-month term and improving slightly to -0.04000% for a twelve-month term. The British Pound (GBP) rates start at 3.97000% for a one-month term, reaching up to 4.03000% for a six-month term before slightly reducing to 4.02000% for a twelve-month period.
The Qatari Riyal (QAR) offers a rate of 4.60000% for a one-month term, which gradually decreases to 4.10000% for a twelve-month term. Rates for the Saudi Riyal (SAR) start at 5.00000% for a one-month term and fall to 4.55000% for the same period. The United Arab Emirates Dirham (AED) rates begin at 2.05000% for a one-month term and rise to 3.15000% for a twelve-month period. The Bahraini Dinar (BHD) maintains a rate of 5.00000% for a one-month term, which reduces to 4.60000% over twelve months.