Flexible savings
Interest rate on your savings will rise step wise quarterly. And this is the most flexible savings product so that partial withdrawal and additional deposit to the account are available anytime.
X
Interest
Currency Minimum balance to open new account Term Interest rate /annually/
6 months
12 months
13 months
MNT 100,000 MNT 0-3 months 9.10% 9.10% 9.10% 4-6 months 9.60% 9.60% 9.60% 7-9 months – 10.10% 10.10% 10-12 months – 11.90% 11.90% 13th month – – 12.00% USD 100 USD 0-3 months 1.90% 1.90% 1.90% 4-6 months 2.10% 2.10% 2.10% 7-9 months – 2.40% 2.40% 10-12 months – 3.10% 3.10% 13th month – – 3.10% Penalty rate* Currency Saved for 0-6 months Saved for more than 7 months MNT 2.40% USD 0.20% 0.50 % * Depending on saved duration, fixed penalty rates are payable on pre-mature withdrawals or account closing.
Fees and commissions
To open an account Free of charge Savings book fee Free of charge Savings book fee if the old one is full Free of charge Savings book fee if the customer has lost the savings book 3,000 MNT /equivalent currency/ To close an account 3,000 MNT /Equivalent/ Cash deposit - MNT – Free of charge
- USD /1-50 USD bill/ – 0.50% /Press HERE for more information/
Non-cash deposit Free of charge
Cash withdrawal - MNT – 200 MNT
- USD – 0.40%+200 MNT
Non-cash withdrawal Internet bank: - 100 MNT /equivalent currency/
- 0-5,000,000 MNT – 200 MNT
- Over 5,000,001 MNT, Foreign currency regardless of the amount – 400MNT
- Mongolian citizen: ID card
- Foreign citizens, stateless person: Valid passport, employee reference letter or official letter of settlement in Mongolia.
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