Qatar National Bank Announces Updated Deposit Rates for Multiple Currencies.

Doha: Deposit rates at opening as issued on Thursday by Qatar National Bank (QNB) are as following: USD JPY CHF GBP 1M 4.60929 -0.10000 0.76000 4.61000 2M 4.56638 -0.30000 0.78000 4.72000 3M 4.52346 -0.20000 0.73000 4.72000 6M 4.44343 -0.10000 0.72000 4.68000 12M 4.31679 0.30000 0.58000 4.67000 QAR SAR AED BHD 1M 5.30000 5.00000 2.05000 5.50000 2M 5.25000 5.10000 2.15000 5.59000 3M 5.20000 5.20000 2.40000 5.53000 6M 4.95000 5.05000 2.85000 5.34000 12M 4.60000 4.80000 3.15000 4.96000 According to Qatar News Agency, the new deposit rates reflect the bank's latest financial offerings for various durations ranging from one month to twelve months. These rates are applicable across multiple currencies, including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD, providing diverse options for investors and depositors in the region. The data reveals that the deposit rates for the US Dollar (USD) range from 4.60929% for one month to 4.31679% for twelve months, indicating a gradual decrease over longer durations. Meanwhile , the Japanese Yen (JPY) deposit rates remain negative for shorter durations, with the twelve-month rate slightly positive at 0.30000%. Swiss Franc (CHF) and British Pound (GBP) rates show variations over different durations, with CHF rates starting at 0.76000% for one month and decreasing to 0.58000% for twelve months. GBP rates begin at 4.61000% for one month, peaking at 4.72000% for two and three months, and slightly reducing by the twelve-month mark to 4.67000%. For Qatari Riyal (QAR) deposits, the rates start at 5.30000% for one month and decline to 4.60000% for twelve months. Saudi Riyal (SAR) and United Arab Emirates Dirham (AED) deposits show similar trends, with SAR rates ranging from 5.00000% to 4.80000%, and AED rates increasing from 2.05000% to 3.15000% over the same periods. Lastly, Bahraini Dinar (BHD) deposits commence at 5.50000% for one month and decrease to 4.96000% by twelve months, offering a consistent decline over time. These rates highlight QNB's strategic adjustments in interest rat es to meet market demands and economic conditions.