- 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;
“Hedged” Deposit
TransBank offers a Hedged Deposit service where your organization can safeguard against exchange rate risks. Buy USD at the exchange rate of the day, open a deposit in MNT directly, secure your USD without exchange rate risks, and enjoy high returns.
Benefits
Terms and conditions
|
Hedged |
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 |
|
“High value” Hedged
|
Hedged |
Conditions |
||
|
Account currency |
MNT |
||
|
Term of deposit |
6 months | 9 months | 12 months |
| Annual Interest | 7.5% | 8.5% |
9.0% |
|
Interest payment on early termination |
3.5% /annual interest/ |
||
|
Minimum balance |
MNT equivalent to 1,000,000 USD |
||
|
Interest payment conditions |
At the end of the period |
||
|
Withdrawal condition |
At the end of the period | ||
| Debit transaction |
Impossible |
||
Eligibility or required documents
-
Customer application form; /download here/
- For Mongolian citizens: Citizens ID card;
- For Foreign citizens: Passport and certificate of alien registration
