- Allows you to make withdrawals from a deposit account every quarter for a calendar week
- Receive interest payments every quarter
- If the policy interest rate announced by the Bank of Mongolia changes, the interest rate on your deposit will change accordingly
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- Personal Banking
- Deposit account services
Floating interest deposit
Floating interest deposit
The advantage of this deposit is that depending on the economic situation, the interest rate will change in accordance with the policy rate of the Bank of Mongolia.
Advantages
Terms and conditions
Terms and conditions | ||
Tenor | MNT | |
Duration | 12, 18, 24 months | |
Annual interest rate | Up to 499,999,999 MNT
/Deposit balance/ |
Policy interest rate + 3.0% |
More than 500 million MNT
/Deposit balance/ |
Policy interest rate + 3.5% | |
Minimum deposit | 100,000,000 mnt | |
Interest rate upon early termination of contract/annual/ | 2.0%-4.8% | |
Interest capitalization | Quarterly | |
Withdrawal condition | Quarterly | |
Deposit condition | Possible | |
As a modification in the policy interest rate | Deposit interest rates are subject to change |
Eligibility or required documents
- Customer application form /download here/;
- Documents required:
- For Mongolian citizens: Citizens ID card;
- For Foreign citizens: Passport and certificate of alien registration.