Account currency | MNT |
Tenor | 12 months |
Annual Interest rate | 13.20% |
Minimum deposit | 50,000,000 MNT |
Interest rate upon early termination of contract /annual/ | 2.4%-4.8% |
Interest payments | At the end of the contract |
Conditions for earning income | Impossible |
Withdrawals | At the end of the contract |
Explanation:
At the end of the savings period, the official U.S. dollar provision announced by the Mongolian bank is appreciated against the currency of account opened date by at least as a percentage of the savings interest rate (after tax savings interest rate), principal deposit amount shall be obtained at currency of account opened date. |
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