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The highest interest rate;
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You can make deposits and withdrawals;
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Receive interest on a monthly basis;
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You can manage your account by the Transbank application;
- Home
- Organization
- Savings
Flexible term deposit
Flexible term deposit
We offer flexible term deposits that allow organizations to make deposits and withdrawals at any time.
Benefits
Terms and conditions
| Flexible term deposit |
Conditions |
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| Currency |
MNT |
USD | JPY | |
| Terms |
3 months |
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| Nominal interest rate | 0 – 99,999,999 MNT and equivalent currency |
8.0% |
2.0% |
1.5% |
| 100,000,000 – 499,999,999 MNT and equivalent currency |
9.0% |
2.25% |
1.75% |
|
| More than 500,000,000 MNT or equivalent currency |
10.0% |
2.5% |
2.0% |
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| Effective interest rate | 0 – 99,999,999 MNT and equivalent currency |
8.30% |
2.02% |
1.51% |
| 100,000,000 – 499,999,999 MNT and equivalent currency |
9.38% |
2.27% |
1.76% |
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| More than 500,000,000 MNT or equivalent currency |
10.47% |
2.53% |
2.02% |
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| Minimum balance |
10,000 MNT |
10 USD |
1,000 JPY |
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| Interest payment |
Monthly |
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| Withdrawal |
Allowed |
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| Deposit |
Allowed |
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Dear Customer, by depositing the interest you received into your savings account on the same day, you will have the opportunity to earn a return based on the “Effective Interest Rate”. If the interest is not re-deposited into your savings account, your returns will be calculated based on the Nominal Interest Rate.
Eligibility or required documents
- Customer application form; /download here/
- Official letter; /Request to open an account/
- A copy of the registration certificate issued by the State Registration authorities;
- Company charter;
- Authorized signature, stamp /must be authorized by notary/; /download here/
- Authorized person’s documents such as identification card;
