Savings

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	up to 10.50%	2.20%	1.20%	1.20%	1.20%
2 months	up to 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;

Start

Benefits

Terms and condition

Eligibility or required documents

Terms

MNT

USD

EUR

CNY

JPY

Duration

Annual interest rate

1 month

up to 10.50%

2.20%

1.20%

1.20%

1.20%

2 months

up to 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.