Regular term deposit
We offer our term deposit service in Mongolian Tugriks (MNT) and 4 other foreign currencies, with high interest rate on the market today. A flexible and favorable opportunity to earn interest on a quarterly basis for deposit accounts with maturities over 12 months.
Benefits

 

  • The ability to add funds to your deposit account any time;
  • Can be used as collateral for savings-backed loans with a low interest rate;
  • Term deposits with 12 to 24 month maturities earn interest quarterly;
  • Manage your bank deposit accounts using online banking services.
Terms and conditions
Terms MNT USD EUR CNY JPY
Tenors Annual Interest rates
1 month 10.50%* 2.20% 1.20% 1.20% 1.20%
2 months 10.50%* 2.50% 1.20% 1.20% 1.20%
3-6 months 11.00% 4.00% 3.60% 4.50% 3.30%
7-9 months 11.50% 4.00% 3.60% 4.50% 3.30%
10-11 months 12.00% 4.00% 3.60% 4.50% 3.30%
12 months 14.00% 4.00% 3.60% 4.50% 3.30%
13-18 months 14.00% 5.00% 3.60% 4.50% 3.30%
19-24 months 14.00% 5.50%
Interest rate upon early termination of contract /annual/ 2.4%-4.8% 1.2% 0.6% 0.6% 0.6%
Minimum deposit requirement 10,000 MNT 10 USD 10 EUR 100 CNY 1,000 JPY
Interest capitalization ·       Deposit accounts with 1 to 11 months maturity earns interest at the end of the contract;

·       Term deposits with 12 to 24 month maturities earns interest quarterly.

Withdrawals ·  Allows you to make withdrawals from deposit account with 12 months maturity for once every 3 months for a calendar week.

· Allows you to make withdrawals from deposit account with 13 to 24 months maturity for once every 6 months for a calendar week.

Account opening fee No fee
Savings book Free

*Up to 4.00% incentive interest may be granted depending on the balance for 3-24 months MNT deposits.

Fees and charges
Eligibility or required documents
  • Application form for legal entities /download here/;
  • An official letter for opening a new bank account;
  • An original copy and a copy of license from the Mongolian Financial Regulatory Commission;
  • Notarized copy of ‘State Registration Certificate’;
  • Notarized copy of Company’s ‘Charter or Memorandum of Association (MOA);
  • Notarized signature of applicant /download here/;
  • Declaration of Beneficial Ownership /download here/;
  • Copy of ID card of the authorized personnel to dispose with an account;
  • Additional documents /if necessary/.