Term Deposit Savings
TransBank offers regular term deposit accounts with the highest interest rate that allows individuals to grow savings.
Benefits
  • Competitive interest rates;
  • No restrictions for deposit transactions;
  • Use as collateral for deposit collateralized loans with a low interest rate;
  • Access and manage your account by using our online banking service
Terms and conditions

Terms

MNT

USD

EUR

CNY

JPY

Duration

Annual interest rate

1 month

10.50%

2.20%

1.20%

1.20%

1.20%

2 months

10.50%

2.50%

1.20%

1.20%

1.20%

3 – 6 months

11.00%

4.00%

3.60%

4.00%

3.30%

7 – 9 months

11.50%

4.00%

3.60%

4.00%

3.30%

10 – 11 months

12.00%

4.00%

3.60%

4.00%

3.30%

12 months

14.00%

4.00%

3.60%

4.00%

3.30%

13 – 18 months

14.00%

5.00%

3.60%

4.00%

3.30%

19 – 24 months

14.00%

5.50%

Open early termination

2.4%-4.8%

1.2%

0.6%

0.6%

0.6%

Minimum balance requirement

10,000 MNT

10 USD

10 EUR

100 CNY

1,000 JPY

Interest payment conditions

  • Savings with a maturity of 1 to 11 months;

  • 12-24 month deposits will be given quarterly interest;

Withdrawal conditions

  • At the end of every 3 months for 12-month deposits;

  • For savings with a maturity of 13 to 24 months, you will be entitled to spend 1 time in a 7-day calendar period at the end of every 6 months.

  • With the approval of the Cheif  Treasury Officer, you may make 1 withdraw at any time.

Savings book

Free

  • With the approval of the CEO publicly announced interest rate can be increased by up to 4% for the customers who have built stable relationship with the bank.
Eligibility or required documents
  • Customer application form; /download here/
  • For Mongolian citizens: Citizens ID card;
  • For Foreign citizens: Passport and certificate of alien registration