- Earn bigger high-yields in the short-term
- Protection against currency risk exposure (exchange-rate risk)
Categories
Categories
Terms and conditions
| Terms |
Hedge deposit |
Hedge deposit /High balance/ |
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| Currency |
MNT |
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| 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% |
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| Minimum deposit |
USD equavant to 200,000,000 MNT |
MNT equivalent to 1,000,000 USD |
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| Interest rate payments |
At maturity date |
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|
Withdrawal condition |
At maturity date |
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| Deposit condition |
Impossible |
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| Account opening fee |
Free |
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| Savings book |
Free |
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Fees and charges
Categories
Eligibility or required documents
- 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
- 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 to another person;
- Can be used as collateral for savings-backed loans with a low interest rate.
Categories
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%-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
Fees and charges
- 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 |
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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