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Qatar National Bank Releases Latest Deposit Rates for Multiple Currencies

Doha: Qatar National Bank (QNB) has announced the latest deposit rates for various currencies, including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD, as of Monday. The rates vary across different tenors ranging from one month to a year.

According to Qatar News Agency, the USD deposit rates start at 3.64637% for a one-month term and increase to 3.73148% for a twelve-month term. For JPY deposits, the rates begin at 0.65000% for one month, reaching up to 1.17000% for a year. The CHF rates range from -0.10000% for a one-month deposit to 0.15000% for twelve months. GBP deposits start at 3.62000% for one month, with a peak rate of 4.56000% for a year.

The QNB deposit rates for QAR open at 4.01820% for a one-month deposit, gradually decreasing to 3.93575% for a twelve-month term. SAR deposits offer a rate of 4.50000% for the first month and stabilize at 4.30000% for longer terms. AED deposit rates begin at 2.05000% for one month and rise to 3.15000% for a year. BHD rates start at 4.56000% for the first month and hover around 4.63000% at the twelve-month mark.

These rates are crucial for investors and account holders looking to maximize returns on their deposits, providing a comprehensive view of the current financial landscape in Qatar's banking sector.