- Protection from all types of theft, fraud and gold price change risks;
- Interest rate will be based on international gold prices and expressed in Troy ounces (OZ);
- Receive interest payments every quarter;
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- Personal Banking
- Deposit account services
Gold deposit
Gold deposit
Primarily designed for those who are engaged in gold production and mining business. The product’s main objective is to offer a savings account service dedicated to our customer’s physical gold. It will ensure maximum protection in a safest environment. While covering the risk of holding our customer’s physical gold for a certain period, we offer an interest rate for the savings account we are offering.
Benefits
Terms and conditions
| Gold deposit terms | ||||
| Account currency | XAU- GOLD /OZ/ | |||
|
Tenor |
1 – 3 months | 6 months | 9 months |
12 months |
| Annual Interest rate |
2.25% |
2.5% | 2.75% |
3.0% |
| Interest rate upon early termination of contract /annual/ |
1.0% |
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| Fees for withdrawing cash from savings |
1.5% |
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| Minimum deposit |
– |
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| Interest payments |
Quarterly |
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| Savings book |
Free |
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Fees and charges
Eligibility or required documents
- Customer application form /download here/;
- An original copy and a copy of license from the Financial Regulatory Commission of Mongolia;
- Documents required:
- For Mongolian citizens: Citizen ID card.
Download Customer Application Form