- High interest rates in the short term;
-
Conversion and storage without exchange rate risk;
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You can obtain a low-interest loan secured by your savings.
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- Organization
- Savings
Currency Hedged Deposit
Currency Hedged Deposit
We help hedge your organization’s exchange rate risk by offering a secured deposit solution. You can sell your US dollars at the prevailing exchange rate and open a savings account in MNT instantly. Convert and save without exchange rate risk and enjoy high returns with our protected deposit product.
Benefits
Terms and conditions
Hedged |
Conditions |
|
Account currency |
MNT |
|
Term of deposit |
6 months |
12 months |
Annual Interest |
6.0% |
7.0% |
Interest payment on early termination |
2.0% /annual interest/ |
|
Minimum balance |
1,000,000,000 MNT |
|
Interest payment conditions |
At the end of the period |
|
High-value Hedged Deposit
Hedged |
Conditions |
||
Account currency |
MNT |
||
Term of deposit |
6 months |
9 months |
12 months |
Annual Interest |
6.5% |
7.0% |
7.5% |
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 |
||
Additional deposit |
Not allowed |
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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;
