- High interest rates in the short term;
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Conversion and storage without exchange rate risk;
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You can get a low-interest loan by your savings.
- Home
- Organization
- Savings
Hedged deposit
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
Terms and conditions
Types of services |
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
|
|
|
Open an account
|
No fee
|
|
|
Savings book
|
Free |
|
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;
