Regular term deposit
A risk-free savings account that will increase your savings for a certain fixed period, at high interest rate.
Advantages
  • Competitive interest rates;
  • Can be used as collateral for savings-backed loans with a low interest rate;
  • Term deposits with 12 to 24 month maturities which pays interest income quarterly;
  • No restrictions for deposit transactions;
  • Access and manage your bank term deposit account using online banking services.
Terms and conditions
Terms

MNT

USD EUR CNY

JPY

Tenors

Annual Interest rates

1 month up to 10.50% 2.20% 1.20% 1.20% 1.20%
2 months up to 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 12.00% 4.00% 3.60% 4.00% 3.30%
10-12 months 13.50% 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%
Interest rate upon early termination of contract /annual/ 2.0%-4.8% 1.2% 0.6% 0.6% 0.6%
Minimum deposit requirement 10,000 MNT 10 USD 10 EUR 100 CNY 1,000 JPY
Interest capitalization ·       Deposit accounts with 1 to 11 months maturity earns interest at the end of the contract;

·       Term deposits with 12 to 24 month maturities earns interest quarterly.

 

Withdrawals ·       Allows you to make withdrawals from deposit account with 12 to 24 months maturity for once every 6 months for a calendar week.
Account opening fee No fee
Savings book Free

*Up to 4.00% incentive interest may be granted depending on the balance for 3-24 months MNT deposits.

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.