Categories
Certificate of Deposit (CD)

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)

 

 

 

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