Nominal interest rate
11.0%
Effective interest rate
11.57%
Minimum balance
20,000MNT
Advantages
The interest is calculated in a compounded basis monthly;
Savings terms
Currency | Minimum balance requirement | Term | Interest rate /Annual/ | |
|---|---|---|---|---|
Nominal | Effective | |||
MNT | 20,000 MNT | till the child's 18th birthday | 11.0% | 11.57% |