Corporate flexible saving
The Corporate flexible savings is for financial organizations approved by the Financial Regulatory Commission that are having withdrawal transaction
Currency | MNT |
Minimum balance | MNT 1.0 billion |
Term | 12 months |
Interest rate /annually/ | 11.5%-13.0% |
Conditions of withdrawal | • 2-4 withdrawals are allowed in a month (for balance in excess of the minimum balance). |
Interest rate to be deducted the cancellation of savings and amount of withdrawals / determined directly/ | Depending on the months saved: 6.5%-10.7% |
Additional conditons | Publicly announced interests can be increased by up to 14% for the customers with stable relationship in case of extension and new account opening, in accordance with decision of the Banking relative units. |
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