Doha: Deposit rates at opening, as issued on Tuesday by Qatar National Bank (QNB), indicate a range of interest rates across several major currencies, including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD.
According to Qatar News Agency, the deposit rates for USD range from 3.65250% for a 1-month term to 3.64005% for a 12-month term. In terms of JPY, the rates start at 0.70000% for both 1-month and 2-month terms and rise to 1.20000% for a 12-month term. CHF deposit rates begin at -0.05000% for both 1-month and 2-month terms, with a slight increase to -0.03000% at 3 months, and a notable shift to 0.15000% for a 12-month term.
The GBP deposit rates show an upward trend from 3.81000% for a 1-month term to 4.40000% for a 12-month term. For QAR, the rates start at 4.06180% for a 1-month term, decreasing to 3.83140% for a 12-month term. SAR deposit rates are consistent at 4.30000% for most terms, except for a 1-month term at 4.50000%.
AED rates move from 2.05000% for a 1-month term to 3.15000% for a 12-month term. The BHD rates start at 4.60000% for a 1-month term and increase to 4.80000% for a 12-month term. These rates reflect QNB's current offerings, responding to market conditions and currency demand.