- High interest return in shorter period of time;
- Hedging against exchange rate risk;
- Earn your interest on quarterly basis;
- Withdrawals are allowed for 7 calendar days in each quarter
Convertible deposit
Open a 6-month term deposit in MNT or US dollars and freely convert between the two currencies. With our /Convertible Deposit/ service, you can earn interest returns with no reduction in the interest rate or facing exchange rate risks.
Benefits
Terms and conditions
Types of services |
Short-term |
Long-term |
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Term of deposit |
6 months |
12 months |
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Currency |
MNT |
USD |
MNT |
USD |
Annual Interest |
13.00% |
3.0% |
14.0% |
4.0% |
Effective interest rate |
13.6% |
3.04% |
14.8% |
4.1% |
Interest payment on early termination |
2.4%-4.8% |
1.20% |
2.4%-4.8% |
1.20% |
Minimum balance |
200,000,000 MNT and equivalent USD |
500,000,000 MNT and equivalent USD |
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Interest payment conditions |
Quarterly |
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Credit conditions |
Quarterly |
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Debit conditions |
Possible. With the approval of the Chief Financial Officer |
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Conversion |
At any time during the contract period, the full amount of the savings will be made. |
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Foreign currency convertible savings
Currency |
USD |
Terms |
12 months |
Annual Interest |
4.0% |
Interest payment on early termination |
1.2% /annual/ |
Minimum balance |
100,000,000 MNT and equivalent USD |
Interest payment conditions |
End of the period |
Withdrawal condition |
End of the period |
Deposit transactions |
Impossible |
Eligibility or required documents
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Customer application form; /download here/
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For Mongolian citizens: Citizens ID card;
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For Foreign citizens: Passport and certificate of alien registration;
