Certificate of deposit
TransBank offers both MNT and USD Certificate of Deposit which is an 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 securities product 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

Debit does not

Open an account

No fee

Eligibility or required documents
  • Customer application form; /download here/
  • Official letter; /Request to open an account/
  • A copy 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;