Categories
Author: Batbayar
Categories
Eligibility or required documents
-
Customer application form; /download here/
- For Mongolian citizens: Citizens ID card;
- For Foreign citizens: Passport and certificate of alien registration;
Categories
Benefits
- Benefit from a higher than market average interest rate;
- Use your Certificate of Deposit as securities product in the capital market;
- Certificate of Deposit can be transferred, gifted or inherited;
- Take low-interest Certificate of Deposit collateralized loan;
Categories
Terms and conditions
Type of service |
Conditions |
|
|
Account currency
|
MNT | USD |
|
Term of deposit |
Annual Interest
|
|
| 1 month | 10.5% |
2.2% |
|
3, 6 and 9 months
|
12.5% | 4.0% |
|
12 months
|
13.2% |
4.0% |
|
Deposit amount
|
100,000,000 MNT
500,000,000 MNT
|
100,000 USD
500,000 USD
|
|
Interest payment on early termination |
2.4%-4.8% |
1.2% |
|
Interest payment conditions |
At the end of the period |
|
|
Repo Financing Rate
|
Savings Certificate Interest + 4.00%
|
Repo financing will not be provided
|
| Other |
Debit does not
|
|
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Open an account
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No fee
|
|
Categories
Other fees
-
Customer application form; /download here/
- For Mongolian citizens: Citizens ID card;
- For Foreign citizens: Passport and certificate of alien registration;
Categories
Benefits
-
Your physical gold is protected from potential risks such as theft, fraud, or exchange rate fluctuations;
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Interest is capitalized in international benchmark XAU units on your gold deposits;
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No fees are charged on withdrawal and transaction;
Categories
Terms and conditions
|
Gold-Term Savings Account Terms and Conditions |
||||
| Account opening currency |
XAU- Gold |
|||
|
Deposit term |
1 – 3 months | 6 months | 9 months | 12 months |
| Annual Interest | 2.25% | 2.5% | 2.75% |
3.0% |
|
Interest payment on early termination |
1.0% | |||
| Fees for withdrawing cash from savings |
1.5% |
|||
|
Minimum balance |
– | |||
| Interest payment conditions |
Quarterly |
|||
Categories
Other fees
- Customer application form; /download here/
- For Mongolian citizens: Citizens ID card;
- A copy of the license issued by the Financial Regulatory Commission /with the original/