Categories
Certificate of Deposit (CD)

Benefits

  • Interest rates are higher than deposit accounts on the market;
  • CDs are often considered as good as securities;
  • Allows the owner of the CD to inherit, sell, gift or transfer;
  • Can be used as collateral for savings-backed loans with a low interest rate.
Categories
Certificate of Deposit (CD)

Terms and conditions

 

Terms

Annual Interest rate

Tenor

MNT

USD

1 month

10.50%

2.20%

3, 6, 9 months

12.50%

4.00%

12 months

13.2%

4.00%

Interest rate upon early termination of contract /annual/

2-4.8%

1.20%

Minimum deposit

100,000,000 MNT and 500,000,000 MNT.

100,000 USD and 500,000 USD.

Interest payments

At the end of the contract

Interest on ‘Repo’ financing

Annual interest rate + 4.00%

No repo financing

Other conditions

No deposit transactions (Has strict rules on adding or making deposit transactions to your CD account)

 

 

Categories
Certificate of Deposit (CD)

Fees and charges

Other fees and charges

Categories
Certificate of Deposit (CD)

Eligibility or required documents

  • Application form for legal entities /download here/;
  • An official letter for opening a new bank account on company headed notepaper;
  • An original copy and a copy of license from the Financial Regulatory Commission;
  • Notarized copy of the Company’s ‘State Registration Certificate’;
  • Notarized copy of Company’s ‘Charter or Memorandum of Association (MOA);
  • Notarized signature of applicant /download here/;
  • Declaration of Beneficial Ownership /download here/;
  • Copy of ID card of the authorized personnel to dispose with an account;
  • Additional documents /if necessary/.
Categories
Hedge deposit

Benefits

  • Earn bigger high-yields for short-term
  • Protection against currency risk exposure (exchange-rate risk)
Categories
Hedge deposit

Terms and conditions

Terms

Hedge deposit

Hedge deposit

/High balance/

Currency

MNT

Tenor

6 months

12 months 6 months 9 months

12 months

Annual interest rate

6.00%

7.00%  7.50%  8.50%

 9.00%

Interest rate upon early termination of contract /annual/

2.00%

3.50%

Minimum deposit

USD equavant to 200,000,000 MNT

MNT equivalent to 1,000,000 USD

Interest rate payments

At maturity date

Withdrawal condition

At maturity date

Deposit condition

Impossible

Account opening fee

Free

Savings book

Free

Categories
Hedge deposit

Fees and charges

Other fees and charges

Categories
Hedge deposit

Eligibility or required documents

  • Application form for legal entities /download here/;
  • An official letter for opening a new bank account;
  • An original copy and a copy of license from the Financial Regulatory Commission;
  • Notarized copy of the Company’s ‘State Registration Certificate’;
  • Notarized copy of the Company’s ‘Charter or Memorandum of Association (MOA);
  • Notarized signature of applicant /download here/;
  • Declaration of Beneficial Ownership /download here/;
  • Copy of ID card of the authorized personnel to operate the account;
  • Additional documents /if necessary/.
Categories
Convertible deposit

Benefits

  • Earn interest and profit from short-term investment.
  • Protection against currency risk exposure (exchange-rate risk)
  • Allows you to make withdrawals from a deposit account every quarter for a calendar week.
Categories
Convertible deposit

Terms and conditions

Terms

Short-term deposit

Long-term deposit

Tenor

6 months

12 months

Currency

MNT

USD

MNT

USD

Annual interest rate

15.00%

5.0%

16.00%

6.0%

Interest rate upon early termination of contract /annual/

2.4%-4.8%

1.20%

2.4%-4.8%

1.20%

Minimum deposit

200,000,000 MNT or equivalent USD

500,000,000 MNT or equivalent USD

Interest payments

Quarterly

Withdrawal condition

Quarterly

Deposit condition

Possible

Conversion between currencies

Any time during the contract, at principal amount only

Categories
Convertible deposit

Fees and charges

Other fees and charges

Categories
Convertible deposit

Eligibility or required documents

  • Application form for legal entities /download here/;
  • An official letter for opening a new bank account;
  • Notarized copy of ‘State Registration Certificate’;
  • Notarized copy of Company’s ‘Charter or Memorandum of Association (MOA);
  • Notarized signature of applicant /download here/;
  • Declaration of Beneficial Ownership /download here/;
  • Copy of ID card of the authorized personnel to operate the account;
  • Additional documents /if necessary/.
Categories
Sweep account service

Benefits

  1. No fees charged for ‘intra-bank’ (within TransBank account) transactions;
  2. Saves your precious time.

 

Categories
Sweep account service

Шимтгэл, хураамж

Available service fees

Fees and charges

Admission fee /annually/

50,000 MNT

Intra-bank transactions fee /transactions made between TransBank accounts/

No fee

Categories
Sweep account service

Eligibility or required documents

  1. A formal request or official letter provided by the customer is required to apply for this service