- High interest return in a shorter period of time;
- Currency exchange rate risk can be hedged as the deposit is converted;
- Take low-interest deposit collateralized loan;
Hedge savings
TransBank offers an exchange risk hedged deposit product its customers. Customers can convert their USD deposit into MNT deposit at the exchange rate of the particular date and start saving their deposit in MNT while hedging exchange risk.
Benefits
Terms and conditions
|
Types of services
|
Conditions |
|
|
Account currency
|
MNT | |
| Term of deposit | 6 months |
12 months |
|
Annual Interest
|
6.00% | 7.00% |
| Interest payment on early termination |
2.0% /annual interest/
|
|
|
Minimum balance |
USD equivalent to 200,000,000 MNT
|
|
| Interest payment conditions |
At the end of the period
|
|
|
Open an account
|
No fee
|
|
|
Savings book
|
Free |
|
Eligibility or required documents
-
Customer application form; /download here/
- For Mongolian citizens: Citizens ID card;
- For Foreign citizens: Passport and certificate of alien registration;
