TransBank offers both MNT and USD Certificate of Deposit which is an unique financial product that can be sold, transferred, gifted or inherited.
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
|
|
|
Open an account
|
No fee
|
|