- 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
A high yield savings certificate that allows you to deposit your funds in MNT or USD. This unique savings product can be sold on the market, transferred, gifted, or inherited at any time offering flexibility along with attractive returns.
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 |
Additional deposits not allowed
|
|
|
Open an account
|
No fee
|
|
Eligibility or required documents
-
Customer application form; /download here/
- For Mongolian citizens: Citizen’s ID card;
- For Foreign citizens: Passport and Residence permit in Mongolia;
