- 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
Hedged |
Conditions | |
Account currency |
MNT |
|
Term of deposit |
6 months | 12 months |
Annual Interest | 6.00% |
7.00% |
Interest payment on early termination |
2.0% /annual interest/ | |
Minimum balance |
USD equivalent to 200,000,000 MNT |
|
Interest payment conditions |
At the end of the period |
Flexible term deposit |
Conditions | |||
Currency | MNT | USD |
JPY |
|
Terms |
3 months | |||
Interest /annual/ |
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% | |
Minimum balance
|
10,000 MNT | 10 USD |
1,000 JPY |
|
Interest payment
|
Monthly | |||
Withdrawal |
Possible |
|||
Income
|
Possible |
Account type |
Conditions |
Account currency |
MNT |
Term of deposit |
12 months |
Announced interest rate /annually/ |
The current 12 month 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 |
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 |
– | |||
Interest payment conditions |
Quarterly |