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% | 4.00% | 3.30% | 3.30% | 3.30% |
| 13-18 months | 11.50% | 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 |
|
||||
| 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 |
| 6 months | 10.50% | 3.80% |
| 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 | |
| Maximum balance requirement |
1.500.000.000 MNT or currency equivalent to 1.500.000.000 MNT | |
Documents required:
- Service application /download/;
- Mongolian citizen: National registration ID;
- Foreign citizen: Passport and certificate of alien registration.
Product terms:
| Prepaid Interest savings | Interest rate /annual/ |
|
|---|---|---|
| Period | MNT | USD |
| 3-12 months | 10.50% | 3.80% |
| Penalty interest rate on pre-mature | 4.80% | 1.20% |
| Minimum balance of opening an account | 1,000,000 MNT | 1,000 USD |
| Interest income | Monthly | |
Documents required:
- Service application /download/;
- Mongolian citizen: National registration ID;
- Foreign citizen: Passport and certificate of alien registration.
