TERMS AND CONDITIONS | ||
Tenor | MNT | |
Term | 12 months | |
Annual interest rate | The bank’s 12 months regular term deposit interest rate | |
Total annual interest rate | Annual interest rate + Exchange rate risk sharing interest rate* | |
Minimum deposit | 500,000,000 MNT | |
Interest rate upon early termination of contract | 2.4%-4.8% | |
Interest capitalization | Quarterly | |
Withdrawals | Quarterly | |
Conditions for earning income | Possible | |
TERMS OF EXCHANGE RATE RISK SHARING INTEREST RATE | ||
№ |
USD exchange rate of the Bank of Mongolia** /MNT/ | Exchange rate risk sharing interest rate* /annual/ |
1 |
3,000 ≤ ** < 3,100 |
0.5% |
2 |
3,100 ≤ ** < 3,200 |
1.0% |
3 |
3,200 ≤ ** < 3,300 |
1.5% |
4 |
3,300 ≤ ** < 3,400 |
2.0% |
5 |
3,400 ≤ ** < 3,500 |
2.5% |
6 |
3,500≤ ** |
3.0% |
Note : *The interest rate on this deposit will change in accordance with the policy rate of the Bank of Mongolia and the rise and fall of the exchange rate. |
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