Savings

Hedged deposit

TransBank offers a Hedged Deposit service where your organization can safeguard against exchange rate risks. Buy USD at the exchange rate of the day, open a deposit in MNT directly, secure your USD without exchange rate risks, and enjoy high returns.

Benefits

High interest rates in the short term;
Conversion and storage without exchange rate risk;
You can get a low-interest loan by your savings.

Terms and conditions

Hedged	Conditions
Account currency	MNT
Term of deposit	6 months	12 months
Annual Interest	6.00%	7.00%
Interest payment on early termination	2.0% /annual interest/
Minimum balance	USD equivalent to 200,000,000 MNT
Interest payment conditions	At the end of the period

“High value” Hedged

Hedged	Conditions
Account currency	MNT
Term of deposit	6 months	9 months	12 months
Annual Interest	7.5%	8.5%	9.0%
Interest payment on early termination	3.5% /annual interest/
Minimum balance	MNT equivalent to 1,000,000 USD
Interest payment conditions	At the end of the period
Withdrawal condition	At the end of the period
Debit transaction	Impossible

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;

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Benefits

Terms and conditions

Eligibility or required documents