- Benefit from a higher than market average interest rate;
- Use your Certificate of Deposit as securities product in the capital market;
- Certificate of Deposit can be transferred, gifted or inherited;
- Take low-interest Certificate of Deposit collateralized loan;
Deposit certificate
TransBank offers both MNT and USD Certificate of Deposit which is an unique financial product that can be sold, transferred, gifted or inherited.
Benefits
Terms and conditions
Type of service |
Conditions |
|
|
Account currency
|
MNT | USD |
|
Term of deposit |
Annual Interest
|
|
| 1 month | 10.5% |
2.2% |
|
3, 6 and 9 months
|
12.5% | 4.0% |
|
12 months
|
13.2% |
4.0% |
|
Deposit amount
|
100,000,000 MNT
500,000,000 MNT
|
100,000 USD
500,000 USD
|
|
Interest payment on early termination |
2.4%-4.8% |
1.2% |
|
Interest payment conditions |
At the end of the period |
|
|
Repo Financing Rate
|
Savings Certificate Interest + 4.00%
|
Repo financing will not be provided
|
| Other |
Debit does not
|
|
|
Open an account
|
No fee
|
|
Eligibility or required documents
-
Customer application form; /download here/
- For Mongolian citizens: Citizens ID card;
- For Foreign citizens: Passport and certificate of alien registration;
