-
Customer application form; /download here/
- For Mongolian citizens: Citizen’s ID card;
- For Foreign citizens: Passport and Residence permit in Mongolia;
Categories
Category: Citizens
Categories
Benefits
- Earn high returns in a short period of time;
- Hedging against exchange rate risk;
- Earn your interest on quarterly basis;
- Withdrawals are allowed for 7 calendar days in each quarter
Categories
Terms and conditions
Types of services |
Short-term |
Long-term |
||
Term of deposit |
6 months |
12 months |
||
Currency |
MNT |
USD |
MNT |
USD |
Nominal interest rate |
13.00% |
3.0% |
14.0% |
4.0% |
Effective interest rate |
13.65% |
3.04% |
14.75% |
4.06% |
Interest payment on early termination |
2.4%-4.8% |
1.20% |
2.4%-4.8% |
1.20% |
Minimum balance |
200,000,000 MNT and equivalent USD |
500,000,000 MNT and equivalent USD |
||
Interest payment conditions |
Quarterly |
|||
Credit conditions |
Quarterly |
|||
Debit conditions |
Possible. With the approval of the Chief Financial Officer |
|||
Conversion |
At any time during the contract period, the full amount of the savings will be made. |
|||
Categories
Other fees
-
Customer application form; /download here/
-
For Mongolian citizens: Citizens ID card;
-
For Foreign citizens: Passport and Residence permit in Mongolia;
Categories
Benefits
- Earn monthly interest on your deposits; ensuring a steady source of income;
- Additional deposits can be made at any time;
- Benefit from a higher than market average interest rate;
Categories
Terms and conditions
Account currency |
MNT |
USD |
||
Term of deposit |
Nominal interest rate |
Effective interest rate |
Nominal interest rate |
Effective interest rate |
3 – 6 months |
11.3% |
11.9% |
3.8% |
3.87% |
7 – 12 months |
12.5% |
13.24% |
3.8% |
3.87% |
Interest payment on early termination |
2.4%-4.8% |
1.2% |
||
Minimum balance |
1,000,000 MNT |
1,000 USD |
||
Interest payment conditions |
Every month |
|||
Dear Customer, by depositing the interest you received into your savings account on the same day, you will have the opportunity to earn a return based on the “Effective Interest Rate”. If the interest is not re-deposited into your savings account, your returns will be calculated based on the Nominal Interest Rate.
Categories
Other fees
-
Customer application form; /download here/
- For Mongolian citizens: Citizen’s ID card;
- For Foreign citizens: Passport and Residence permit in Mongolia;
Categories
Benefits
-
Benefit from the highest deposit interest rates offered by the bank;
-
Open a deposit account for children under 18 years of age, with the flexibility to extend it annually;
-
Directly receive government child allowance into the account;