Doha: Qatar National Bank (QNB) has released its latest deposit rates as of Tuesday, showcasing a range of figures across multiple currencies for various deposit terms. These rates are pivotal for individual and institutional investors looking to maximize returns on their deposits.

According to Qatar News Agency, the updated deposit rates are detailed for currencies including the US Dollar (USD), Japanese Yen (JPY), Swiss Franc (CHF), and British Pound (GBP). For USD deposits, the 1-month rate is set at 3.65907%, while the 12-month rate is 3.68295%. JPY deposit rates vary from 0.70000% for 1 and 3 months to 1.09000% for 12 months. CHF rates are listed with a negative interest for shorter terms, at -0.05000% for 1 and 2 months and -0.09000% for 3 months, turning positive for 6 months at 0.01000% and further increasing to 0.15000% for 12 months. GBP rates begin at 3.72000% for the 1-month term, escalating to 4.67000% for 12 months.

Domestic and regional currency rates have also been announced. For Qatari Riyal (QAR), the 1-month deposit rate is 4.04930%, decreasing to 3.86337% for 12 months. Saudi Riyal (SAR) rates are consistent at 4.30000% for several terms, except for a slightly higher 1-month rate at 4.50000%. UAE Dirham (AED) rates range from 2.05000% for 1 month to 3.15000% for 12 months, while Bahraini Dinar (BHD) rates start at 4.60000% for 1 month, slightly increasing to 4.69000% for 12 months.

These rates reflect QNB's strategic approach to aligning with global market conditions and offer competitive options for depositors.