Regular term deposit
TransBank offers a risk-free guaranteed term deposit service designed to maximize your organization’s savings with the highest interest rates. Open deposits in MNT or four other foreign currencies and enjoy market-leading returns. For deposits with terms longer than one year, take advantage of quarterly interest payouts for added flexibility and growth.
Benefits
  • Competitive interest rates;
  • No restrictions for deposit transactions;
  • Use as collateral for deposit-backed loans with a low interest rate;
  • Earn your interest income quarterly for term deposits with 12 to 24 month maturities;
  • Access and manage your account by using our online banking service
Terms and condition
Terms MNT USD EUR CNY JPY
Duration Annual interest rate
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% 4.00% 3.30%
7 – 9 months 11.50% 4.00% 3.60% 4.00% 3.30%
10 – 11 months 12.00% 4.00% 3.60% 4.00% 3.30%
12 months 14.00% 4.00% 3.60% 4.00% 3.30%
13 – 18 months 14.00% 5.00% 3.60% 4.00% 3.30%
19 – 24 months 14.00% 5.50%
Upon early termination 2.4%-4.8% 1.2% 0.6% 0.6% 0.6%
Minimum balance requirement 10,000 MNT 10 USD 10 EUR 100 CNY 1,000 JPY
Interest payment conditions
  • Savings with a maturity of 1 to 11 months;
  • 12-24 month deposits will be given quarterly interest;
Withdrawal conditions
  • At the end of every 3 months for 12-month deposits;
  • For savings with a maturity of 13 to 24 months, you will be entitled to spend 1 time in a 7-day calendar period at the end of every 6 months.
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;