| 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% |
|||
| Fees for withdrawing cash from savings |
1.5% |
|||
| Minimum deposit |
– |
|||
| Interest payments |
Quarterly |
|||
| Savings book |
Free |
|||
| Terms | MNT | USD | EUR | CNY | JPY |
| Interest rate /annual/ | 8.00-10.0%* | 1.50% | 1.20% | 1.20% | 1.20% |
| Effective interest rate /annual/ | 8.30-10.471% | 1.51% | 1.207% | 1.207% | 1.207% |
| Interest capitalization | Monthly | ||||
| Minimum deposit requirement | 5,000 MNT | 5 USD | 5 EUR | 50 CNY | 500 JPY |
*Incentive interest is granted depending on the balance for MNT deposits.
| Terms | Short-term deposit | Long-term deposit | ||
| Tenor | 6 months | 12 months | ||
| Currency | MNT | USD | MNT | USD |
| Annual interest rate | 15.00% | 5.00% | 16.00% | 6.00% |
| Effective rate | 15.90%* | 5.10% | 17.00%* | 6.10% |
| *Effective rate is possible to increase until 17.50% with the approval of the CEO. | ||||
| Interest rate upon early termination of contract /annual/ | 2.4%-4.8% | 1.20% | 2.4%-4.80% | 1.20% |
| Minimum deposit | 200,000,000 MNT or equivalent USD | 500,000,000 MNT or equivalent USD | ||
| Interest payments | Quarterly | |||
| Withdrawal condition | Quarterly | |||
| Deposit condition | Possible | |||
| Conversion between currencies | Any time during the contract, at principal amount only. | |||
| Account opening fee | Free | |||
| Savings book | Free | |||
|
Terms |
MNT | USD |
| Tenor |
Annual Interest rates |
|
| 3 – 6 months |
11.30% |
3.80% |
| 7 – 12 months |
12.50% |
3.80% |
| Interest rate upon early termination of contract /annual/ |
2.4%-4.8% |
1.20% |
| Minimum deposit |
1,000,000 MNT |
1,000 USD |
| Interest payments |
Monthly |
|
| Account opening fee |
Free |
|
| Savings book |
Free |
|