| Terms | MNT | USD | EUR | CNY | JPY |
| Tenors | Annual Interest rates | ||||
| 1 month | 10.50%* | 2.20% | 1.20% | 1.20% | 1.20% |
| 2 months | 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 | 14.00% | 4.00% | 3.60% | 4.50% | 3.30% |
| 13-18 months | 14.00% | 5.00% | 3.60% | 4.50% | 3.30% |
| 19-24 months | 14.00% | 5.50% | – | – | – |
| Interest rate upon early termination of contract /annual/ | 2.4%-4.8% | 1.2% | 0.6% | 0.6% | 0.6% |
| Minimum deposit requirement | 10,000 MNT | 10 USD | 10 EUR | 100 CNY | 1,000 JPY |
| Interest capitalization | – Deposit accounts with 1 to 11 months maturity earns interest at the end of the contract;
– Term deposits with 12 to 24 month maturities earns interest quarterly. |
||||
| Withdrawals | – Allows you to make withdrawals from deposit account with 12 months maturity for once every 3 months for a calendar week.
– Allows you to make withdrawals from deposit account with 13 to 24 months maturity for once every 6 months for a calendar week. |
||||
| Other conditions | – For deposits with a term of 13-24 months, the interest rate for deposits kept for more than 1 year shall be re-determined on the first 7 days of January of each calendar year in accordance with the general terms and conditions of interest and fees of Bank services in force at that time.
– Up to 4.00% incentive interest may be granted depending on the balance for 3-24 months MNT deposits. – Up to 3.00% incentive interest may be granted depending on the balance for 1 month MNT deposits. |
||||
| Account opening fee | No fee | ||||
| Savings book | Free | ||||
|
Terms for gold current account (XAU) |
|
|
Account currency |
XAU- Gold /Oz/ |
|
Interest rate /annual/ |
In face of the global pandemic COVID-19, no interest will be paid for any type of current accounts, during the implementation of the “Law on Prevention, Control and Reduction of Social and Economic Impact of Coronavirus”. |
|
Minimum balance requirement |
– |
| Services | MNT | USD | EUR | CNY | JPY | RUB | KRW | GBP | |
| Cash deposit | Smaller banknotes* | – | 2.0% | 2.0% | 2.0% | 8.0% | 0.3% | 1.5% | – |
| Other | – | – | – | – | 1.5% | – | |||
| Cash withdrawal | Current account and deposit accounts | 200 | 200 MNT + Additional charges mentioned below depending on currency. | ||||||
| 0.5% | 0.5% | 0.5% | 3.0% | 0.5% | 1.5% | 0.5% | |||
| Non-cash transactions | Intra-Bank (within same bank accounts) transactions: | 100 | Foreign currency equivalent to 200 MNT | ||||||
| Inter-Bank transactions: | |||||||||
| Up to 5,000,000 MNT | 200 | 1,500 MNT | |||||||
| Over 5,000,001 MNT | 500 | ||||||||
| Tranfer cash to other bank accounts | 1,000 | ||||||||
| Account opening fee | Free | ||||||||
| Account service fee | For active accounts /monthly/ | No fee | |||||||
| Temporary inactive or suspended account fee /monthly/ | 2,000 | Foreign currency equivalent to 2000 MNT | |||||||
| Demand deposit fee /annually/ | 1,000 | Foreign currency equivalent to 1000 MNT | |||||||
| Dormant account fee /monthly/ | 2,000 | Foreign currency equivalent to 2000 MNT | |||||||
| Account closure fee | 1,000 | Foreign currency equivalent to 1000 MNT | |||||||
*- Smaller banknotes: USD 1, 2, 5, 10, 20, 50 banknotes; CNY 1, 5, 10, 20 banknotes; RUB 10, 50, 100 banknotes.
|
Terms |
Annual Interest rate |
|
Tenor |
MNT |
|
Duration |
12 Months |
|
Annual Interest Rate |
13.20% |
|
Minimum deposit |
100,000,000 MNT |
|
Interest rate upon early termination of contract /annual/ |
4.80% |
|
Interest payments |
Quarterly |
|
Withdrawal Condition |
Quarterly |
|
Deposit Condition |
Possible |
Алт олборлогч, уул уурхайн чиглэлээр бизнес эрхэлж буй хуулийн этгээд, байгууллагууд биет алтаа банканд эрсдэлгүй, найдвартайгаар байршуулах үйлчилгээ.