{"id":1164,"date":"2022-05-13T02:04:59","date_gmt":"2022-05-13T02:04:59","guid":{"rendered":"https:\/\/transbank.mn\/wp\/?p=1164"},"modified":"2026-03-11T10:38:28","modified_gmt":"2026-03-11T10:38:28","slug":"table-15","status":"publish","type":"post","link":"https:\/\/transbank.mn\/wp\/en\/table-15\/","title":{"rendered":"Terms and conditions"},"content":{"rendered":"<table width=\"670\">\n<tbody>\n<tr>\n<td width=\"133\">\n<h3 style=\"text-align: center;\"><strong>Types of services<\/strong><\/h3>\n<\/td>\n<td style=\"text-align: center;\" colspan=\"2\" width=\"265\">\n<h3><strong>Short-term<\/strong><\/h3>\n<\/td>\n<td style=\"text-align: center;\" colspan=\"2\" width=\"264\">\n<h3><strong>Long-term<\/strong><\/h3>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" width=\"133\">\n<h4>Term of deposit<\/h4>\n<\/td>\n<td style=\"text-align: center;\" colspan=\"2\" width=\"265\">\n<h4>6 months<\/h4>\n<\/td>\n<td colspan=\"2\" width=\"264\">\n<h4 style=\"text-align: center;\">12 months<\/h4>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"133\">\n<h4 style=\"text-align: center;\">Currency<\/h4>\n<\/td>\n<td style=\"text-align: center;\" width=\"131\">\n<h4>MNT<\/h4>\n<\/td>\n<td style=\"text-align: center;\" width=\"132\">\n<h4>USD<\/h4>\n<\/td>\n<td style=\"text-align: center;\" width=\"130\">\n<h4>MNT<\/h4>\n<\/td>\n<td style=\"text-align: center;\" width=\"132\">\n<h4>USD<\/h4>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" width=\"133\">\n<h4>Nominal interest rate<\/h4>\n<\/td>\n<td style=\"text-align: center;\" width=\"131\">\n<h4>13.00%<\/h4>\n<\/td>\n<td style=\"text-align: center;\" width=\"132\">\n<h4>3.0%<\/h4>\n<\/td>\n<td style=\"text-align: center;\" width=\"130\">\n<h4>14.0%<\/h4>\n<\/td>\n<td width=\"132\">\n<h4 style=\"text-align: center;\">4.0%<\/h4>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"133\">\n<h4 style=\"text-align: center;\"><strong>Effective interest rate<\/strong><\/h4>\n<\/td>\n<td style=\"text-align: center;\" width=\"131\">\n<h4><strong>13.65%<\/strong><\/h4>\n<\/td>\n<td style=\"text-align: center;\" width=\"132\">\n<h4><strong>3.04%<\/strong><\/h4>\n<\/td>\n<td style=\"text-align: center;\" width=\"130\">\n<h4><strong>14.75%<\/strong><\/h4>\n<\/td>\n<td width=\"132\">\n<h4 style=\"text-align: center;\"><strong>4.06%<\/strong><\/h4>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"133\">\n<h4 style=\"text-align: center;\">Interest payment on early termination<\/h4>\n<\/td>\n<td style=\"text-align: center;\" width=\"131\">\n<h4>2.4%<\/h4>\n<\/td>\n<td style=\"text-align: center;\" width=\"132\">\n<h4>0.6%<\/h4>\n<\/td>\n<td style=\"text-align: center;\" width=\"130\">\n<h4>2.4%<\/h4>\n<\/td>\n<td style=\"text-align: center;\" width=\"132\">\n<h4>0.6%<\/h4>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" width=\"133\">\n<h4>Minimum balance<\/h4>\n<\/td>\n<td style=\"text-align: center;\" colspan=\"2\" width=\"265\">\n<h4>200,000,000 MNT and equivalent USD<\/h4>\n<\/td>\n<td colspan=\"2\" width=\"264\">\n<h4 style=\"text-align: center;\">500,000,000 MNT and equivalent USD<\/h4>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"133\">\n<h4 style=\"text-align: center;\">Interest payment conditions<\/h4>\n<\/td>\n<td style=\"text-align: center;\" colspan=\"4\" width=\"531\">\n<h4>Quarterly<\/h4>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" width=\"133\">\n<h4>Credit conditions<\/h4>\n<\/td>\n<td colspan=\"4\" width=\"531\">\n<h4 style=\"text-align: center;\">Quarterly<\/h4>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"133\">\n<h4 style=\"text-align: center;\">Debit conditions<\/h4>\n<\/td>\n<td style=\"text-align: center;\" colspan=\"4\" width=\"531\">\n<h4>Possible. With the approval of the Chief Financial Officer<\/h4>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" width=\"133\">\n<h4>Conversion<\/h4>\n<\/td>\n<td colspan=\"4\" width=\"531\">\n<h4 style=\"text-align: center;\">At any time during the contract period, the full amount of the savings will be made.<\/h4>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><!--more--><\/p>\n<p>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 \u201cEffective Interest Rate\u201d. If the interest is not re-deposited into your savings account, your returns will be calculated based on the Nominal Interest Rate.<\/p>\n<p><strong style=\"letter-spacing: -0.015em;\">Foreign currency convertible savings<\/strong><\/p>\n<div>\n<table width=\"636\">\n<tbody>\n<tr>\n<td width=\"251\">\n<h3 style=\"text-align: center;\"><strong>Currency<\/strong><\/h3>\n<\/td>\n<td width=\"384\">\n<h3 style=\"text-align: center;\"><strong>USD<\/strong><\/h3>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" width=\"251\">\n<h4>Terms<\/h4>\n<\/td>\n<td width=\"384\">\n<h4 style=\"text-align: center;\">12 months<\/h4>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"251\">\n<h4 style=\"text-align: center;\"><span style=\"font-family: NonBreakingSpaceOverride, Hoefler Text, Garamond, Times New Roman, serif;\"><span style=\"letter-spacing: normal;\">Annual Interest<\/span><\/span><\/h4>\n<\/td>\n<td width=\"384\">\n<h4 style=\"text-align: center;\">4.0%<\/h4>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"251\">\n<h4 style=\"text-align: center;\"><span style=\"font-family: NonBreakingSpaceOverride, Hoefler Text, Garamond, Times New Roman, serif;\"><span style=\"letter-spacing: normal;\">Interest payment on early termination<\/span><\/span><\/h4>\n<\/td>\n<td width=\"384\">\n<h4 style=\"text-align: center;\">0.6% \/a<span style=\"font-family: NonBreakingSpaceOverride, Hoefler Text, Garamond, Times New Roman, serif;\"><span style=\"letter-spacing: normal;\">nnual<\/span><\/span>\/<\/h4>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"251\">\n<h4 style=\"text-align: center;\"><span style=\"font-family: NonBreakingSpaceOverride, Hoefler Text, Garamond, Times New Roman, serif;\"><span style=\"letter-spacing: normal;\">Minimum balance<\/span><\/span><\/h4>\n<\/td>\n<td width=\"384\">\n<h4 style=\"text-align: center;\"><span style=\"font-family: NonBreakingSpaceOverride, Hoefler Text, Garamond, Times New Roman, serif;\"><span style=\"letter-spacing: normal;\">100,000,000 MNT and equivalent USD<\/span><\/span><\/h4>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"251\">\n<h4 style=\"text-align: center;\">Interest payment conditions<\/h4>\n<\/td>\n<td style=\"text-align: center;\" width=\"384\">\n<h4>End of the period<\/h4>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" width=\"251\">\n<h4>Withdrawal condition<\/h4>\n<\/td>\n<td width=\"384\">\n<h4 style=\"text-align: center;\">End of the period<\/h4>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" width=\"251\">\n<h4>Deposit transactions<\/h4>\n<\/td>\n<td width=\"384\">\n<h4 style=\"text-align: center;\">Not allowed<\/h4>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Types of services Short-term Long-term Term of deposit 6 months 12 months 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% 0.6% 2.4% 0.6% Minimum balance 200,000,000 MNT and equivalent USD 500,000,000 MNT and equivalent USD Interest payment conditions [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[267],"tags":[],"class_list":["post-1164","post","type-post","status-publish","format-standard","hentry","category-convertible-savings"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/transbank.mn\/wp\/en\/wp-json\/wp\/v2\/posts\/1164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/transbank.mn\/wp\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/transbank.mn\/wp\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/transbank.mn\/wp\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/transbank.mn\/wp\/en\/wp-json\/wp\/v2\/comments?post=1164"}],"version-history":[{"count":40,"href":"https:\/\/transbank.mn\/wp\/en\/wp-json\/wp\/v2\/posts\/1164\/revisions"}],"predecessor-version":[{"id":10026,"href":"https:\/\/transbank.mn\/wp\/en\/wp-json\/wp\/v2\/posts\/1164\/revisions\/10026"}],"wp:attachment":[{"href":"https:\/\/transbank.mn\/wp\/en\/wp-json\/wp\/v2\/media?parent=1164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/transbank.mn\/wp\/en\/wp-json\/wp\/v2\/categories?post=1164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/transbank.mn\/wp\/en\/wp-json\/wp\/v2\/tags?post=1164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}