Types of services |
Short-term |
Long-term |
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Term of deposit |
6 months |
12 months |
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Currency |
MNT |
USD |
MNT |
USD |
Nominal interest rate |
13.00% |
3.0% |
14.0% |
4.0% |
Effective interest rate |
13.65% |
3.04% |
14.75% |
4.06% |
Interest payment on early termination |
2.4%-4.8% |
1.20% |
2.4%-4.8% |
1.20% |
Minimum balance |
200,000,000 MNT and equivalent USD |
500,000,000 MNT and equivalent USD |
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Interest payment conditions |
Quarterly |
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Credit conditions |
Quarterly |
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Debit conditions |
Possible. With the approval of the Chief Financial Officer |
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Conversion |
At any time during the contract period, the full amount of the savings will be made. |
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Dear Customer, by depositing the interest you received into your savings account on the same day, you will have the opportunity to earn a return based on the “Effective Interest Rate”. If the interest is not re-deposited into your savings account, your returns will be calculated based on the Nominal Interest Rate.
Foreign currency convertible savings
Currency |
USD |
Terms |
12 months |
Annual Interest |
4.0% |
Interest payment on early termination |
1.2% /annual/ |
Minimum balance |
100,000,000 MNT and equivalent USD |
Interest payment conditions |
End of the period |
Withdrawal condition |
End of the period |
Deposit transactions |
Not allowed |