Terms |
MNT |
USD |
EUR |
CNY |
JPY |
|
Duration |
Annual interest rate |
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1 month |
up to 10.50% |
2.20% |
1.20% |
1.20% |
1.20% |
|
2 months |
up to 10.50% |
2.50% |
1.20% |
1.20% |
1.20% |
|
3 – 6 months |
11.0% |
4.0% |
3.60% |
4.0% |
3.30% |
|
7 – 9 months |
11.50% |
4.0% |
3.60% |
4.0% |
3.30% |
|
10 – 11 months |
12.0% |
4.0% |
3.60% |
4.0% |
3.30% |
|
12 months |
Nominal interest rate |
14.0% |
4.0% |
3.60% |
4.0% |
3.30% |
Effective interest rate |
14.75% |
4.06% |
3.65% |
4.06% |
3.34% |
|
13 – 18 months |
Nominal interest rate |
14.0% |
5.0% |
3.60% |
4.0% |
3.30% |
Effective interest rate |
14.75% |
5.09% |
3.65% |
4.06% |
3.34% |
|
19 – 24 months |
Nominal interest rate |
14.0% |
5.50% |
– |
– |
– |
Effective interest rate |
14.75% |
5.61% |
– |
– |
– |
|
Early termination interest rate |
2.4%-4.8% |
1.2% |
0.6% |
0.6% |
0.6% |
|
Minimum balance requirement |
10,000 MNT |
10 USD |
10 EUR |
100 CNY |
1,000 JPY |
|
Interest payment conditions |
|
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Withdrawal conditions |
|
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- 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.
- For clients with a stable financial relationship or of strategic importance, the interest rate and other terms of the deposit may be adjusted with the approval of the CEO
