A risk-free savings account that will increase your savings for a certain fixed period, at high interest rate.
| Terms |
MNT |
USD | EUR | CNY |
JPY |
| Tenors | Annual Interest rates | ||||
| 1 month |
10.50%* |
2.20% |
1.20% |
1.20% |
1.20% |
| 2 months |
10.50%* |
2.50% | 1.20% | 1.20% |
1.20% |
| 3-6 months |
11.00% |
4.00% | 3.60% | 4.00% |
3.30% |
| 7-9 months |
11.50% |
4.00% | 3.60% | 4.00% |
3.30% |
| 10-11 months |
12.00% |
4.00% | 3.60% | 4.00% |
3.30% |
| 12 months |
14.00% |
4.00% | 3.60% | 4.00% |
3.30% |
| 13-18 months |
14.00% |
5.00% | 3.60% | 4.00% |
3.30% |
| 19-24 months |
14.00% |
5.50% | – | – |
– |
| Interest rate upon early termination of contract /annual/ |
2.4%-4.8% |
1.2% | 0.6% | 0.6% |
0.6% |
| Minimum deposit requirement |
10,000 MNT |
10 USD | 10 EUR | 100 CNY |
1,000 JPY |
| Interest capitalization | – Deposit accounts with 1 to 11 months maturity earns interest at the end of the contract;
– Term deposits with 12 to 24 month maturities earns interest quarterly. |
||||
| Withdrawals | – Allows you to make withdrawals from deposit account with 12 months maturity for once every 3 months for a calendar week.
– Allows you to make withdrawals from deposit account with 13 to 24 months maturity for once every 6 months for a calendar week. |
||||
| Other conditions | – For deposits with a term of 13-24 months, the interest rate for deposits kept for more than 1 year shall be re-determined on the first 7 days of January of each calendar year in accordance with the general terms and conditions of interest and fees of Bank services in force at that time.
– Up to 4.00% incentive interest may be granted depending on the balance for 3-24 months MNT deposits. – Up to 3.00% incentive interest may be granted depending on the balance for 1 month MNT deposits. |
||||
| Account opening fee | No fee | ||||
| Savings book | Free | ||||