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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% 4.50% 3.30%
7-9 months 11.50% 4.00% 3.60% 4.50% 3.30%
10-11 months 12.00% 4.00% 3.60% 4.50% 3.30%
12 months 14.00% 4.00% 3.60% 4.50% 3.30%
13-18 months 14.00% 5.00% 3.60% 4.50% 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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