Category: Organization

Categories
Currency-Hedged Deposit

Benefits

  • High interest return in a shorter period of time;
  • Currency exchange rate risk can be hedged as the deposit is converted;
  • Take low-interest deposit collateralized loan;
Categories
Currency-Hedged Deposit

Terms and conditions

Hedged

Conditions

Account currency

MNT

Term of deposit

6 months

12 months

Annual Interest

6.0%

7.0%

Early termination interest rate

2.0% /annual interest/

Minimum balance

1,000,000,000 MNT

Interest payment conditions

At the end of the period
Continue reading “Terms and conditions”
Categories
Flexible term deposit

Benefits

  • The highest interest rate;
  • You can make deposits and withdrawals;
  • Receive interest on a monthly basis;
  • You can manage your account by the Transbank application;
Categories
Flexible term deposit

Terms and conditions

Flexible term deposit

Conditions
Currency

MNT

 USD JPY
Terms

3 months
Nominal interest rate 0 – 99,999,999 MNT and equivalent currency

8.0%

 2.0%

1.5%
100,000,000 – 499,999,999 MNT and equivalent currency

9.0%

 2.25%

1.75%
More than 500,000,000 MNT or equivalent currency

10.0%

 2.5%

2.0%
Effective interest rate 0 – 99,999,999 MNT and equivalent currency

8.30%

 2.02%

1.51%
100,000,000 – 499,999,999 MNT and equivalent currency

9.38%

 2.27%

1.76%
More than 500,000,000 MNT or equivalent currency

10.47%

 2.53%

2.02%
Minimum balance

10,000 MNT

 10 USD

1,000 JPY
Interest payment

Monthly
Withdrawal

Allowed
Deposit

Allowed

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
Flexible term deposit

Eligibility or required documents

  • Customer application form; /download here/
  • Official letter; /Request to open an account/
  • A copy of the registration certificate issued by the State Registration authorities;
  • Company charter;
  • Authorized signature, stamp /must be authorized by notary/; /download here/
  • Authorized person’s documents such as identification card;
Categories
Exchange rate risk sharing deposit

Benefits

  • Have the right to make quarterly expenses from the savings account;
  • Interest on deposits is available quarterly;
  • The customer is protected from possible exchange rate risks;
Categories
Exchange rate risk sharing deposit

Terms and conditions

Account type

Conditions

Account currency

MNT

Term of deposit

12 months

Announced interest rate /annually/

The current 12 months savings interest rate

Total interest /annual/

Announced interest rate /annually/ + Interest rate hedge

Minimum balance

500,000,000 MNT

Interest payment on early termination

2.4%-4.8%

Interest payment conditions

Every 3 months

Credit transactions

Every 3 months

Debit transactions

Possible
Categories
Gold term deposits

Benefits

  • Your physical gold is protected from potential risks such as theft, fraud, or exchange rate fluctuations.
  • Interest is capitalized in international benchmark XAU units on your gold deposits;
  • No fees are charged on withdrawal and transaction;
Categories
Gold term deposits

Terms and conditions

Gold-Term Savings Account Terms and Conditions

Account opening currency

XAU- Gold

Deposit term

1 – 3 months

6 months

9 months

12 months

Annual Interest

2.25%

2.5%

2.75%

3.0%

Interest payment on early termination

1.0%

Fees for withdrawing cash from savings

1.5%

Minimum balance

4 ounces of gold

Interest payment conditions

Quarterly
Categories
Convertible term deposit

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;