NOMINAL INTEREST RATE
12.00%
EFFECTIVE INTEREST RATE
12.68%
MINIMUM BALANCE
20,000MNT
Advantages
Currency | Minimum balance | Period | Interest rate /annual/ | Early termination interest rate | |
|---|---|---|---|---|---|
| 20,000 | 5 years | Nominal | 12.00% | 2.40% |
Effective* | 12.68% | ||||
Opening an account | No fee | ||||
* 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.