Fair value hedge deposit
A savings product that preserves the broker’s monetary resources and protects against the growth of the exchange rate.
Advantages
  • At the end of the savings period, you will have a high yield on tugrik
  • At the end of the savings period, the official U.S. dollar provision announced by the Mongolian bank is appreciated against the currency of account opened date by at least as a percentage of the savings interest rate (after tax savings interest rate), principal deposit amount shall be obtained at currency of account opened date
  • Even if early termination of deposit is occurred, shall have a high yield .
Terms and conditions
Account currency MNT
Tenor 12 months
Annual Interest rate 13.20%
Minimum deposit 50,000,000 MNT
Interest rate upon early termination of contract /annual/ 4.80%
Interest payments At the end of the contract
Conditions for earning income Impossible
Withdrawals At the end of the contract
Explanation:

At the end of the savings period, the official U.S. dollar provision announced by the Mongolian bank is appreciated against the currency of account opened date by at least as a percentage of the savings interest rate (after tax savings interest rate), principal deposit amount shall be obtained at currency of account opened date.

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.