Month: May 2022
- 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/.
Бүтээгдэхүүний нөхцөл
Terms |
Annual Interest rate |
Tenor |
MNT |
Duration |
12 Months |
Annual Interest Rate |
13.20% |
Minimum deposit |
100,000,000 MNT |
Interest rate upon early termination of contract /annual/ |
4.80% |
Interest payments |
Quarterly |
Withdrawal Condition |
Quarterly |
Deposit Condition |
Possible |
Алтны харилцах данс
Алт олборлогч, уул уурхайн чиглэлээр бизнес эрхэлж буй хуулийн этгээд, байгууллагууд биет алтаа банканд эрсдэлгүй, найдвартайгаар байршуулах үйлчилгээ.
Benefits
- Earn bigger high-yields in the short-term
- Protection against currency risk exposure (exchange-rate risk)
Terms and conditions
Terms |
Hedge deposit |
Hedge deposit /High balance/ |
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Currency |
MNT |
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Tenor |
6 months |
12 months | 6 months | 9 months |
12 months |
Annual interest rate |
6.00% |
7.00% | 7.50% | 8.50% |
9.00% |
Interest rate upon early termination of contract /annual/ |
2.00% |
3.50% |
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Minimum deposit |
USD equavant to 200,000,000 MNT |
MNT equivalent to 1,000,000 USD |
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Interest rate payments |
At maturity date |
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Withdrawal condition |
At maturity date |
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Deposit condition |
Impossible |
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Account opening fee |
Free |
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Savings book |
Free |
Fees and charges
Eligibility or required documents
- Customer application form /download here/;
- Documents required:
- For Mongolian citizens: Citizen’s ID card;
- For Foreign citizens: Passport and Certificate of Alien Registration.
Benefits
- Interest rates are higher than deposit accounts on the market;
- CDs are often considered as good as securities;
- Allows the owner of the CD to inherit, sell, gift or transfer to another person;
- Can be used as collateral for savings-backed loans with a low interest rate.
Terms and conditions
Terms |
Annual Interest rate |
|
Tenor |
MNT |
USD |
1 month |
10.50% |
2.20% |
3, 6, 9 months |
12.50% |
4.00% |
12 months |
13.2% |
4.00% |
Interest rate upon early termination of contract /annual/ |
2.4%-4.8% |
1.20% |
Minimum deposit |
100,000,000 MNT and 500,000,000 MNT. |
100,000 USD and 500,000 USD. |
Interest payments |
At the end of the contract |
|
Interest on ‘Repo’ financing |
Annual interest rate + 4.00% |
No repo financing |
Other conditions |
No deposit transactions (Has strict rules on adding or making deposit transactions to your CD account) |
Fees and charges
- Customer application form /download here/;
- Documents required:
- For Mongolian citizens: Citizen’s ID card;
- For Foreign citizens: Passport and Certificate of Alien Registration.
Benefits
- Protection from all types of theft, fraud and gold price change risks;
- Interest rate will be based on international gold prices and expressed in Troy ounces (OZ);
- Receive interest payments every quarter;
Terms and conditions
Gold deposit terms | ||||
Account currency | XAU- GOLD /OZ/ | |||
Tenor |
1 – 3 months | 6 months | 9 months |
12 months |
Annual Interest rate |
2.25% |
2.5% | 2.75% |
3.0% |
Interest rate upon early termination of contract /annual/ |
1.0% |
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Fees for withdrawing cash from savings |
1.5% |
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Minimum deposit |
– |
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Interest payments |
Quarterly |
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Savings book |
Free |