Term Deposit

Terms:

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
  • At the end of the period for deposits with a term of 1, 3-11 months and 13-18 months;
  • Interest income is issued on 12-months deposits quarterly.
Expense

At the end of every three months, a 12-month deposit entitles you to withdraw money for a calendar week.


Documents required:

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

Advantages:

  • Available to open an account up to 1-18 years of duration;
  • Available to deposit fixed or irregular;
  • The interest rate is adjusted to the highest interest rate of the one-year term announced by the Bank.

Product terms:

Golden coin children's savings account Currency/annual/
Period MNT USD EUR CNY JYP
Interest rate /annual/ 10.90% 4.00% 3.30% 3.30% 3.30%
Penalty interest rate on pre-mature 4.80% 1.20% 0.60% 0.60% 0.60%
Minimum balance requirement
10,000 10 10 100 1,000
Interest Income Annually

ents required:

  • Service application /download/;
  • Personal ID or Passport;
  • Children’s birth certificate.
 

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:

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.