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
|
11.0%
|
4.0%
|
3.60%
|
4.0%
|
3.30%
|
7 – 9 months
|
11.50%
|
4.0%
|
3.60%
|
4.0%
|
3.30%
|
10 – 11 months
|
12.0%
|
4.0%
|
3.60%
|
4.0%
|
3.30%
|
12 months
|
Nominal interest rate
|
14.0%
|
4.0%
|
3.60%
|
4.0%
|
3.30%
|
Effective interest rate
|
14.75%
|
4.06%
|
3.65%
|
4.06%
|
3.34%
|
13 – 18 months
|
Nominal interest rate
|
14.0%
|
5.0%
|
3.60%
|
4.0%
|
3.30%
|
Effective interest rate
|
14.75%
|
5.09%
|
3.65%
|
4.06%
|
3.34%
|
19 – 24 months
|
Nominal interest rate
|
14.0%
|
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.
|