- Covering from all types of theft, fraud and gold price change risks;
- Interest rate will be based on international gold prices and expressed in Troy ounces (OZ);
- No fees charged on withdrawals and other transactions from the account.
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Gold deposit (XAU)
Gold deposit (XAU)
Primarily designed for those who are engaged in gold production and mining business. The product’s main objective is to offer a savings account service dedicated to our customer’s physical gold. It will ensure maximum protection in a safest environment. While covering the risk of holding our customer’s physical gold for a certain period, we offer an interest rate for the savings account we are offering.
Benefits
Terms and conditions
Gold deposit terms |
|
Account currency |
XAU- GOLD /OZ/ |
Tenor |
1 – 3 months |
Annual Interest rate |
3.00% |
Interest rate upon early termination of contract /annual/ |
1.50% |
Minimum deposit |
– |
Interest payments |
At the end of the contract or maturity |
Open account fee |
Free |
Savings book |
Free |
Fees and charges
Eligibility or required documents
- Application form for legal entities /download here/;
- An official letter for opening a new bank account on company headed notepaper;
- An original copy and a copy of license from the Mongolian Financial Regulatory Commission;
- Notarized copy of the ‘State Registration Certificate’;
- Notarized copy of the Company’s ‘Charter or Memorandum of Association (MOA);
- Notarized signature of the applicant /download here/;
- Declaration of Beneficial Ownership /download here/;
- Copy of the ID card of the authorized personnel to operate the account;
- Additional documents /if necessary/.