Term Deposit

Product 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% 7.5% 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 JPY

Documents required:

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

Benefits:

  • Make savings;
  • Available to receive interest income on every month and receive interest income on monthly interest;
  • Availabe to make deposit.

Product terms:

Deposit interest rate interest rate /annually/
Period MNT USD EUR CNY JPY
Nominal Effective Nominal Effective Nominal Effective Nominal Effective Nominal Effective
3-12 months 13.00% 13.80% 7.00% 7.23% 3.00% 3.04% 3.00% 3.04% 3.00% 3.04%
Penalty interest rate on pre-mature  3.6% 1.2% 0.6% 0.6% 0.6%
Minimum balance 1,000,000 MNT 1,000 USD 1,000 EUR 5,000 CNY 50,000 JPY
The frequency of interest rate Monthly

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;
  • Available to extend the term deposit for 365 days as many time you wish.

Product terms:

 DEPOSIT INTEREST RATE INTEREST RATE /ANNUALLY/
Period MNT USD EUR CNY JPY
1 12 months 14.0% 7.5% 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 10,000 MNT 10 USD 10 EUR 100 CNY 1,000 JPY
The frequency of interest rate Yearly

Documents 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:

  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

Documents required:

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