Nominal interest rate
9.0% - 12.0%
Effective interest rate
9.38% - 12.68%
Minimum balance
20,000 MNT
Advantages
Savings terms
Currency | Minimum balance requirement | Interest rates /Annual/ | 3 months | 6 months | 9 months | 12 Months | 18 Months | 24 months |
---|---|---|---|---|---|---|---|---|
| 20,000 | Nominal | 9.0% | 9.6% | 10.2% | 11.0% | 11.00% | 12.0% |
Effective* | 9.38% | 10.03% | 10.69% | 11.57% | 11.57% | 12.68% | ||
USD** | 20 | Nominal | 1.20%** | 1.40% | 1.60% | 1.80% | ||
Effective* | 1.21% | 1.41% | 1.61% | 1.81% | ||||
| 200 | Nominal | 1.20%*** | 1.40%*** | 1.60%*** | 1.80% | ||
Effective* | 1.20% | 1.41% | 1.61% | 1.81% |
* Effective interest rate is same as Annual percentage yield, which means a normalized representation of an interest rate, based on a compounding period of one year.
** If the balance of savings account exceeds USD10,000,001, the annual interest rate is calculated at 1.80%.
***If the balance of savings account exceeds CNY50,000,001, the annual interest rate is calculated at 1.80%.
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Open a savings account
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