- 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
Regular term deposit
We offer your organization the opportunity to open deposits in MNT or four major foreign currencies at the most competitive rates in the market. Enjoy the benefit of receiving interest payments quarterly on deposits with terms ranging from 12 to 24 months.
Benefits
Terms and conditions
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% |
4.50% |
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 |
Nominal interest rate |
14.00% |
4.00% |
3.60% |
4.50% |
3.30% |
Effective interest rate |
14.75% |
4.06% |
3.65% |
4.58% |
3.34% |
|
13 – 18 months |
Nominal interest rate |
14.00% |
5.00% |
3.60% |
4.50% |
3.30% |
Effective interest rate |
14.75% |
5.09% |
3.65% |
4.58% |
3.34% |
|
19 – 24 months |
Nominal interest rate |
14.00% |
5.50% |
– |
– |
– |
Effective interest rate |
14.75% |
5.61% |
– |
– |
– |
|
Early termination interest rate |
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 |
|
|||||
Withdrawal conditions |
|
|||||
- Dear Customer, by depositing the interest you received into your savings account on the same day, you will have the opportunity to earn a return based on the “Effective Interest Rate”. If the interest is not re-deposited into your savings account, your returns will be calculated based on the Nominal Interest Rate.
- For clients with a stable financial relationship or of strategic importance, the interest rate and other terms of the deposit may be adjusted with the approval of the CEO
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;
