- 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;
Currency-Hedged Deposit
You can hedge your exchange rate risk by selling your US dollars at the day’s official rate and instantly opening a savings account in MNT. Convert your USD without currency risk and earn high returns with confidence.
Benefits
Terms and conditions
Hedged |
Conditions |
|
Account currency |
MNT |
|
Term of deposit |
6 months |
12 months |
Annual Interest |
6.0% |
7.0% |
Early termination interest rate |
2.0% /annual interest/ |
|
Minimum balance |
1,000,000,000 MNT |
|
Interest payment conditions |
At the end of the period |
|
High-Value Hedged Deposit
Hedged |
Conditions |
||
Account currency |
MNT |
||
Term of deposit |
6 months |
9 months |
12 months |
Annual Interest |
6.5% |
7.0% |
7.5% |
Early termination interest rate |
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 |
||
Additional deposit |
Not allowed |
||
Eligibility or required documents
-
Customer application form; /download here/
- For Mongolian citizens: Citizens ID card;
- For Foreign citizens: Passport and certificate of alien registration
