- Customer application form /download here/;
- Documents required:
- For Mongolian citizens: Citizen’s ID card;
- For Foreign citizens: Passport and Certificate of Alien Registration.
Categories
Benefits
- Protection from all types of theft, fraud and gold price change risks;
- Interest rate will be based on international gold prices and expressed in Troy ounces (OZ);
- Receive interest payments every quarter;
Categories
Terms and conditions
Gold deposit terms | ||||
Account currency | XAU- GOLD /OZ/ | |||
Tenor |
1 – 3 months | 6 months | 9 months |
12 months |
Annual Interest rate |
2.25% |
2.5% | 2.75% |
3.0% |
Interest rate upon early termination of contract /annual/ |
1.0% |
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Fees for withdrawing cash from savings |
1.5% |
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Minimum deposit |
– |
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Interest payments |
Quarterly |
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Savings book |
Free |
Categories
Fees and charges
Categories
Eligibility or required documents
- Customer application form /download here/;
- An original copy and a copy of license from the Financial Regulatory Commission of Mongolia;
- Documents required:
- For Mongolian citizens: Citizen ID card.
Categories
Benefits
- Make withdrawal and deposit transactions at any time;
- Open your account in 5 major currencies including Mongolian Tugriks (MNT), USD, EUR, CNY and JPY;
- Access and manage your bank account using our online banking service.
Categories
Terms and conditions
Terms | MNT | USD | EUR | CNY | JPY |
Interest rate /annual/ | 8.00-10.0%* | 1.50% | 1.20% | 1.20% | 1.20% |
Effective interest rate /annual/ | 8.30-10.471% | 1.51% | 1.207% | 1.207% | 1.207% |
Interest capitalization | Monthly | ||||
Minimum deposit requirement | 5,000 MNT | 5 USD | 5 EUR | 50 CNY | 500 JPY |
*Incentive interest is granted depending on the balance for MNT deposits.
Categories
Fees and charges
Categories
Eligibility or required documents
- Customer application form /download here/;
- An original copy and a copy of the agreement between the parties;
- Documents required:
- For Mongolian citizens: Citizen ID card;
- For Foreign citizens: Passport and certificate of alien registration.
Categories
Benefits
- Earn interest and profit from short-term investment (available for 6 months);
- Protection against currency risk exposure (exchange-rate risk);
- Allows you to make withdrawals from a deposit account every half-year for a calendar week.
Categories
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% | 5.00% | 16.00% | 6.00% |
Effective rate | 15.90%* | 5.10% | 17.00%* | 6.10% |
*Effective rate is possible to increase until 17.50% with the approval of the CEO. | ||||
Interest rate upon early termination of contract /annual/ | 2.4%-4.8% | 1.20% | 2.4%-4.80% | 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. | |||
Account opening fee | Free | |||
Savings book | Free |
Categories
Fees and charges
- Customer application form /download here/;
- Documents required:
- For Mongolian citizens: Citizens ID card;
- For Foreign citizens: Passport and certificate of alien registration.
- Outlook Stable
- Issuer Rating B3
- Counterparty Risk Rating-Fgn Curr B3/NP
- Counterparty Risk Rating-Dom Curr B2/NP
- Bank Deposits B3/NP
- Baseline Credit Assessment B3
Categories
Benefits
- Receive interest monthly to your current account and earn passive income;
- No restrictions are applied for deposit transactions;
- The highest Interest rate offered on the market.