Category: Term Deposit

We offer you a deposit product in MNT or USD, allowing you to receive interest at maturity and make withdrawals.

Categories
Term Deposit

Benefits

  • High interest rates in the short term;
  • Deposit transactions are allowed anytime;
Categories
Term Deposit

Terms and conditions

Term

6 months

12 months

Currency

MNT

USD

MNT

USD

Interest /annual/

11.0%

4.0%

14.0%

4.0%

Interest payment on early termination

2.4%

1.2%

2.4%

1.2%

Interest payment on early termination

10,000 MNT

10 USD

10,000 MNT

10 USD

Interest payment conditions

End of the period

Deposit transactions

Allowed

Withdrawal condition

At maturity
Categories
Term Deposit

Eligibility or required documents

  • Customer application form; /download here/
  • Official letter; /Request to open an account/
  • A copy 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
Regular term deposit

Benefits

  • Competitive interest rates;
  • No restrictions for deposit transactions;
  • Use as collateral for deposit-backed loans with a low interest rate;
  • Earn your interest income quarterly for term deposits with 12 to 24 month maturities;
  • Access and manage your account by using our online banking service
Categories
Regular term deposit

Terms and conditions

Terms

MNT

USD

EUR

CNY

JPY

Duration

Annual interest rate

1 month

 up to 10.50%

2.20%

1.20%

1.20%

1.20%

2 months

up to 10.50%

2.50%

1.20%

1.20%

1.20%

3 – 6 months

11.00%

4.00%

3.60%

4.50%

3.30%

7 – 9 months

11.50%

4.00%

3.60%

4.50%

3.30%

10 – 11 months

12.00%

4.00%

3.60%

4.50%

3.30%

12 months

Nominal interest rate

14.00%

4.00%

3.60%

4.50%

3.30%

Effective interest rate

14.75%

4.06%

3.65%

4.58%

3.34%

13 – 18 months

Nominal interest rate

14.00%

5.00%

3.60%

4.50%

3.30%

Effective interest rate

14.75%

5.09%

3.65%

4.58%

3.34%

19 – 24 months

Nominal interest rate

14.00%

5.50%

–

–

–

Effective interest rate

14.75%

5.61%

–

–

–

Early termination interest rate

2.4%-4.8%

1.2%

0.6%

0.6%

0.6%

Minimum balance requirement

10,000 MNT

10 USD

10 EUR

100 CNY

1,000 JPY

Interest payment conditions

  • Savings with a maturity of 1 to 11 months;

  • 12-24 month deposits will be given quarterly interest;

Withdrawal conditions

  • At the end of every 3 months for 12-month deposits;

  • For deposits with a term of 13 to 24 months, you are allowed to make one withdrawal during a 7-day calendar period at the end of every 6 months.
  • 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.
  • For clients with a stable financial relationship or of strategic importance, the interest rate and other terms of the deposit may be adjusted with the approval of the CEO
Categories
Regular 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;