Savings

Certificate of deposit

TransBank offers both MNT and USD Certificate of Deposit which is a unique financial product that can be sold, transferred, gifted or inherited.

Benefits

Benefit from a higher-than- market average interest rate;
Use your Certificate of Deposit as a tradable security in the capital market;
Certificate of Deposit can be transferred, gifted or inherited;
Take low-interest Certificate of Deposit collateralized loan;

Terms and conditions

Type of service	Conditions
Account currency	MNT	USD
Term of deposit	Annual Interest
1 month	10.5%	2.2%
3, 6 and 9 months	12.5%	4.0%
12 months	13.2%	4.0%
Deposit amount	100,000,000 MNT 500,000,000 MNT	100,000 USD 500,000 USD
Interest payment on early termination	2.4%-4.8%	1.2%
Interest payment conditions	At the end of the period
Repo Financing Rate	Savings Certificate Interest + 4.00%	Repo financing will not be provided
Other	Additional deposits not allowed
Open an account	No fee

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;

Terms and conditions

Eligibility or required documents