Category: Savings Account

We offer to you a secure savings product with a high interest rate.

Sakura Savings Account

The Sakura Savings Account, designed for Japanese customers, is a secure deposit product with a high interest rate.

Required documents

Passport;
Request form (click here to download);
*Additional documents;

*Additional documents: The bank may request additional materials and clarifications related to “Know Your Customer” activities.

If the customer refuses to provide the required information, the bank is obliged to refuse to provide services in accordance with the Law on Anti-Money Laundering.

The customer must not have the purpose of money laundering or terrorist financing, be not involved in such activities, and not violate the Mongolian Law on Combating Money Laundering and the Financing of Terrorism.

The Bank will strictly keep customer information confidential in accordance with the Civil Code of Mongolia, the Law on Personal Privacy, and the Law on Organizational Confidentiality, except in exceptional circumstances specified by law.

Sakura Savings Account	Terms and conditions
Term	MNT	USD	EUR	JPY
12 months	*Policy rate+0.5%	3.5%	3.0%	3.0%
24 months	* Policy rate+1.0%	4.0%	3.5%	3.5%
36 months	* Policy rate+2.0%	5.0%	4.0%	4.0%
Penalty interests payable on pre-mature withdrawals	4.8%	1.2%	0.6%	0.6%
Extention of term	Feasible
Minimum balance	N/A
Interest payment conditions	At the end of the term of the account
Making deposits	Feasible
Withdrawal	At the end of the term of the account to a predetermined account of the same owner
Acquiring saving collateralized loan and credit card	Unfeasible
Joint ownership	Unfeasible
* The interest rate on term deposits in MNT is determined by Mongolbank’s policy rate at the time the account is opened, increased by an additional rate corresponding to its term.