| Terms | Short-term deposit | Long-term deposit | ||
| Tenor | 6 months | 12 months | ||
| Currency |
MNT |
USD | MNT |
USD |
| Annual interest rate |
15.00% |
4.50% | 16.00% |
5.50% |
| Interest rate upon early termination of contract /annual/ |
2.4%-4.8% |
1.20% | 2.4%-4.8% |
1.20% |
| Minimum deposit |
200,000,000 MNT or equivalent USD |
500,000,000 MNT or equivalent USD |
||
| Interest payments |
At maturity date |
At maturity date |
||
| Withdrawal condition |
At maturity date |
Half-Yearly /Up to 30% of the deposit balance/ |
||
| Deposit condition |
Impossible |
Impossible |
||
| Conversion between currencies |
Any time during the contract, at principal amount only. |
|||
| Account opening fee |
Free |
|||
| Savings book |
Free |
|||
Categories