Doha: Deposit rates at opening as issued on Monday by Qatar National Bank (QNB) reveal the latest interest rates across multiple currencies, providing a comprehensive outlook on the current financial environment.
According to Qatar News Agency, the deposit rates for various tenures and currencies show a varied interest landscape. For the USD, the rates are set at 3.61998% for 1 month, increasing incrementally to 3.83591% for 12 months. The Japanese Yen (JPY) has a consistent rate of 0.70000% for 1, 2, and 3 months, with a slight increase to 1.15000% for 12 months. Swiss Franc (CHF) deposit rates begin at -0.17000% for 1 month, adjusting to a positive 0.15000% at 12 months. The British Pound (GBP) rates start at 3.76000% for 1 month, climbing to 4.36000% for a 12-month deposit.
For local and regional currencies, Qatari Riyal (QAR) rates are steady at 4.10000% for 1, 2, and 3 months, with a slight increase to 4.15000% for a 12-month period. The Saudi Riyal (SAR) rates vary slightly, starting at 4.50000% for the 1-month tenure and settling at 4.30000% for 12 months. The UAE Dirham (AED) rates range from 2.05000% for 1 month to 3.15000% for a 12-month period. The Bahraini Dinar (BHD) offers returns starting at 4.60000% for 1 month, reaching 4.80000% for a 12-month deposit term.
These rates reflect the current economic conditions and monetary policies influencing the banking sector.