Doha: Qatar National Bank (QNB) has announced the latest deposit rates for various currencies, effective as of Sunday. The updated rates provide insight into the financial market's current state and offer guidance for investors and account holders looking to optimize their savings.

According to Qatar News Agency, the deposit rate for the US dollar (USD) starts at 3.65788% for one month and increases to 3.70015% for a twelve-month period. For the Japanese yen (JPY), the rates begin at 0.60000% for one month, reaching 1.18000% for a twelve-month term. Swiss franc (CHF) deposit rates, starting at -0.17000% for one month, shift into positive territory at 0.15000% for twelve months. The British pound (GBP) rates show a consistent upward trend, starting at 3.67000% for one month and rising to 4.55000% over twelve months.

Focusing on regional currencies, the Qatari riyal (QAR) deposit rates begin at 4.05000% for a one-month period, decreasing to 3.75000% for twelve months. The Saudi riyal (SAR) maintains a steady rate of 4.30000% from two months onwards. The UAE dirham (AED) starts at 2.05000% for one month, increasing to 3.15000% for a twelve-month deposit. Lastly, the Bahraini dinar (BHD) rates start at 4.56000% for one month and adjust slightly to 4.63000% for a twelve-month period.

These rates reflect the current economic conditions and the banking sector's response to monetary policy changes. Investors and depositors are advised to consider these rates when making financial decisions in the Qatari banking market.