- Earn monthly interest on your deposits; ensuring a steady source of income;
- Additional deposits can be made at any time;
- Benefit from a higher than market average interest rate;
Monthly interest deposit
We offer a unique savings service tailored to your preferences, allowing you to receive the interest income from your term deposit directly into your current account every month, ensuring a steady and reliable income stream.
Benefits
Terms and conditions
Account currency |
MNT |
USD |
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Term of deposit |
Nominal interest rate |
Effective interest rate |
Nominal interest rate |
Effective interest rate |
3 – 6 months |
11.3% |
11.9% |
3.8% |
3.87% |
7 – 12 months |
12.5% |
13.24% |
3.8% |
3.87% |
Interest payment on early termination |
2.4%-4.8% |
1.2% |
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Minimum balance |
1,000,000 MNT |
1,000 USD |
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Interest payment conditions |
Every month |
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Dear Customer, by depositing the interest you received into your savings account on the same day, you will have the opportunity to earn a return based on the “Effective Interest Rate”. If the interest is not re-deposited into your savings account, your returns will be calculated based on the Nominal Interest Rate.
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;
