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:
| CORPORATE TERM DEPOSIT | CURRENCY /annual/ | ||||
|---|---|---|---|---|---|
| Period | MNT | USD | EUR | CNY | JPY |
| 1 month | 6.00% | 2.20% | 1.20% | 1.20% | 1.20% |
| 3-12 months | 10.90% | 4.50% | 3.30% | 3.30% | 3.30% |
| Penalty interest rate on pre-mature | 4.80% | 1.20% | 0.60% | 0.60% | 0.60% |
| Minimum balance required | 10,000 | 10 | 10 | 100 | 1,000 |
| Interest income |
|
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| Expense | At the end of every three months, a 12-month deposit entitles you to withdraw money for a calendar week. | ||||
Documents required:
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:
| Convertible deposit | Currency /annual/ | |
|---|---|---|
| Period | MNT | USD |
| 3-12 сар | 10.90% | 3.70% |
| Penalty interest rate on pre-mature | 4.80% | 1.20% |
| Minimum balance requirement |
100.000.000 MNT or currency equivalent to 100.000.000 MNT | |
| Interest income | Quarterly | |
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:
| Prepaid Interest savings | Currency /annual/ |
|---|---|
| Period | MNT |
| Interest rate | |
| 6-12 months | 10.50% |
| Penalty interest rate on pre-mature | 4.80% |
| Minimum balance of opening an account | 1,000,000 MNT |
| Minimum balance requirement | 70% of account balance |
| Interest income | Once |
Documents required:
- Service application /download/;
- Mongolian citizen: National registration ID;
- Foreign citizen: Passport and certificate of alien registration.
