Offers you a term deposit product with the condition of providing additional “exchange rate risk sharing interest rate” in order to protect you from possible US dollar exchange rate risks.
| TERMS AND CONDITIONS | ||
| Tenor | MNT | |
| Term | 12 months | |
| Annual interest rate | The bank’s 12 months regular term deposit interest rate | |
| Total annual interest rate | Annual interest rate + Exchange rate risk sharing interest rate* | |
| Minimum deposit | 500,000,000 MNT | |
| Interest rate upon early termination of contract | 2.4%-4.8% | |
| Interest capitalization | Quarterly | |
| Withdrawals | Quarterly | |
| Conditions for earning income | Possible | |
| TERMS OF EXCHANGE RATE RISK SHARING INTEREST RATE | ||
|
№ |
USD exchange rate of the Bank of Mongolia** /MNT/ | Exchange rate risk sharing interest rate* /annual/ |
| 1 |
3,000 ≤ ** < 3,100 |
0.5% |
| 2 |
3,100 ≤ ** < 3,200 |
1.0% |
| 3 |
3,200 ≤ ** < 3,300 |
1.5% |
| 4 |
3,300 ≤ ** < 3,400 |
2.0% |
| 5 |
3,400 ≤ ** < 3,500 |
2.5% |
| 6 |
3,500≤ ** |
3.0% |
| Note : *The interest rate on this deposit will change in accordance with the policy rate of the Bank of Mongolia and the rise and fall of the exchange rate. | ||