Gold deposit
Primarily designed for those who are engaged in gold production and mining business. The product’s main objective is to offer a savings account service dedicated to our customer’s physical gold. It will ensure maximum protection in a safest environment. While covering the risk of holding our customer’s physical gold for a certain period, we offer an interest rate for the savings account we are offering.
Benefits
  • Protection from all types of theft, fraud and gold price change risks;
  • Interest rate will be based on international gold prices and expressed in Troy ounces (OZ);
  • Receive interest payments every quarter;
Terms and conditions
Gold deposit terms
Account currency XAU- GOLD /OZ/

Tenor

1 – 3 months 6 months 9 months

12 months

Annual Interest rate

2.25%

2.5% 2.75%

3.0%

Interest rate upon early termination of contract /annual/

1.0%

Fees for withdrawing cash from savings

1.5%

Minimum deposit

Interest payments

Quarterly

Savings book

Free

Fees and charges
Eligibility or required documents
  • Customer application form /download here/;
  • An original copy and a copy of license from the Financial Regulatory Commission of Mongolia;
  • Documents required:
    • For Mongolian citizens: Citizen ID card.