Categories
Regular term deposit

Terms and conditions

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% 4.00%

3.30%

7-9 months

11.50%

4.00% 3.60% 4.00%

3.30%

10-11 months

12.00%

4.00% 3.60% 4.00%

3.30%

12 months

14.00%

4.00% 3.60% 4.00%

3.30%

13-18 months

14.00%

5.00% 3.60% 4.00%

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

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