Categories
Convertible deposit

Terms and conditions

Terms Short-term deposit Long-term deposit
Tenor 6 months 12 months
Currency MNT USD MNT USD
Annual interest rate 15.00% 5.00% 16.00% 6.00%
Effective rate 15.90%* 5.10% 17.00%* 6.10%
*Effective rate is possible to increase until 17.50% with the approval of the CEO.
Interest rate upon early termination of contract /annual/ 2.4%-4.8% 1.20% 2.4%-4.80% 1.20%
Minimum deposit 200,000,000 MNT or equivalent USD 500,000,000 MNT or equivalent USD
Interest payments Quarterly
Withdrawal condition Quarterly
Deposit condition Possible
Conversion between currencies Any time during the contract, at principal amount only.
Account opening fee Free
Savings book Free

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