Doha: Qatar National Bank (QNB) has released the latest deposit rates for a variety of currencies, effective from this Wednesday. The rates are specified for different tenors ranging from one month to twelve months and cover currencies such as USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD.

According to Qatar News Agency, the deposit rate for USD starts at 3.94794% for a one-month term and slightly decreases to 3.55466% for a twelve-month term. For JPY, the rate begins at 0.40000% for one month and increases to 0.85000% for a twelve-month term. The CHF deposit rates are negative for the one, two, and three-month terms, but increase slightly to -0.04000% for a twelve-month term. The GBP rates start at 3.95000% for one month and decrease to 3.92000% for a twelve-month term.

The QAR deposit rates begin at 4.27500% for a one-month term and decrease to 3.87500% for a twelve-month term. The rates for SAR are consistently around 4.55000% to 4.75000% across all terms. The AED rates start at 2.05000% for one month and rise to 3.15000% for a twelve-month term. For BHD, the rates remain steady at 4.75000% for terms up to six months, before dropping to 4.25000% for a twelve-month term.