- High interest return in a shorter period of time;
- Currency exchange rate risk can be hedged as the deposit is converted;
- Take low-interest deposit collateralized loan;
Categories
Category: Currency-Hedged deposit
TransBank offers an exchange risk hedged deposit product its customers. Customers can convert their USD deposit into MNT deposit at the exchange rate of the particular date and start saving their deposit in MNT while hedging exchange risk.
Categories
Terms and conditions
Hedged |
Conditions |
|
Account currency |
MNT |
|
Term of deposit |
6 months |
12 months |
Annual Interest |
6.0% |
7.0% |
Early termination interest rate |
2.0% /annual interest/ |
|
Minimum balance |
1,000,000,000 MNT |
|
Interest payment conditions |
At the end of the period |
|
Categories
Other fees
-
Customer application form; /download here/
- For Mongolian citizens: Citizen’s ID card;
- For Foreign citizens: Passport and Residence permit in Mongolia;