As a bank and as a trusted partner to our clients, our goal is to help our clients with their decision-making process to open a new term deposit account in a much simpler way and with high returns. We are offering our latest term deposit account service which has the most flexible, favorable terms for you.
| Terms | USD |
| Tenor | 3 months, 6 months, 9 months, 12 months |
| Annual interest rate | 5.00% |
| Interest rate upon early termination of contract /annual/ | 2.00% |
| Initial deposit requirement to open account | 200,000,000 MNT or equivalent USD |
| Minimum deposit | 100,000,000 MNT or equivalent USD |
| Interest capitalization | · Deposit accounts with 3 months maturity earns interest at the end of the contract;
· Term deposits with 6, 9 or 12 month maturities earns interest quarterly. |
| Add funds to deposit account | Not allowed |
| Withdrawals | Allows you to make withdrawals from deposit account with only 6 to 12 months maturity for once end of every 3 months for a calendar week. |
| Convertible currency | MNT* |
*Note: At the end of the contract, when the contract arrangements are fulfilled, the bank will offer the most favorable exchange rate conditions related to the attractiveness of the overall market conditions to convert your deposit to MNT.