Term Deposit

Advantages:

  • High interest revenue of savings;
  • Choice of term deposit periods;
  • Interest rate shall be according to the agreement period;
  • Low interest loan to guarantee by savings account.

Terms:

 DEPOSIT INTEREST RATE INTEREST RATE /ANNUALLY/
Period MNT USD EUR CNY JPY
1 month 7.50%        
2 months 8.00%        
3-12 months 14.00% 7.50% 3.3% 3.3% 3.3%
Penalty interest rate on pre-mature (below 6 months) 3.6% 1.2% 0.6% 0.6% 0.6%
Penalty interest rate on pre-mature (above 6 months)
6.00% 2.00% 0.6% 0.6% 0.6%
Minimum balance required 10,000 MNT 10 USD 10 EUR 100 CNY 1,000 JPY

Documents required:

  • Account opening application /download/;
  • Official letter;
  • Official notarized copy of State Registration Certificate;
  • Copy of charter of the company;
  • Notarized signature of applicant /download/.

Terms:

License of Financial regulatory comission

 DEPOSIT INTEREST RATE INTEREST RATE /ANNUALLY/
Period MNT USD EUR CNY JPY
1 month 7.50%        
2 months 8.00%        
3-12 months 14.00% 7.50% 3.3% 3.3% 3.3%
Penalty interest rate on pre-mature (below 6 months) 3.6% 1.2% 0.6% 0.6% 0.6%
Penalty interest rate on pre-mature (above 6 months)
6.0% 2.0% 0.6% 0.6% 0.6%
Minimum balance required 10,000 MNT 10 USD 10 EUR 100 CNY 1,000 иен

Documents required: 

  • Account opening application /download/;
  • Official letter;
  • Official notarized copy of State Registration Certificate;
  • Copy of charter of the company
  • Notarized signature of applicant /download/.

Advantages:

It allows to convert savings amount between MNT and USD account based on customer's request and protect against exchange rate risk.

  • You can manage your account, making income and withdrawal transactions by visiting a bank.
  • You can make a transaction between MNT and USD account specified in the deposit agreement without the interest rate penalty

Product terms:

  Interest rate /annually/
Period MNT USD
3-12 months 14.00% 7.5%
Penalty interest rate on pre-mature (below 6 months) 3.6% 1.2%
Penalty interest rate on pre-mature (above 6 months)
6.0% 2.0%
Minimum balance required 100,000,000 MNT or USD the equivalent to 100,000,000 MNT
The frequency of interest rate End of the period

Documents required:

  • Service application /download/;
  • Mongolian citizen: National registration ID;
  • Foreign citizen: Passport and certificate of alien registration.

Advantages:

You will have the flexibility to receive your interest income to your current account, card or demand deposit account whenever you want. You can manage your account, making income transactions using E-Banking services or by visiting a bank. Withdrawals can only be made in cash at the bank. During the saving period, you can withdraw once up to 30% of the account opening amount. You are not allowed to make any transactions after receiving the interest income. 

 

Product terms:

Interest rate of the Prepaid Interest Savings Interest rate (Annual)
Period MNT
Nominal Effective
6-12 months 13.00% 13.8%
Penalty interest rate on pre-mature (below 6 months) 3.6%
Penalty interest rate on pre-mature (above 6 months) 6.00%
Minimum balance to open account 1,000,000 MNT
Minimum balance requirement 70% of account opening amount
The frequency of interest rate Once