By depositing your institution's savings into XacBank's time deposit account, you will cumulative interest earnings at competitive rates regardless of the balance in the account.
- Currency – MNT, USD, EUR, CNY;
- No account opening and keeping fee;
- Minimum balance requirement;
- Method to calculate the interest - accrued each day, and received every month on compound basis.
- Benefits from loan interest rate discount;
- Competitive interest rates;
- Option to collect interest earnings into any account;
- Option to receive account information by an email;
- In sudden case of funding needs option to apply for favorable interest rate loan covered by deposit without terminating time deposit account;
- Ability to manage accounts 24 hour a day.
Interest rates and fees:
|Currency||MINIMUM BALANCE REQUIREMENT||INTEREST RATE /ANNUAL/||3 months||6 months||9 months||12 Months||18 months||24 months|
* 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.
transaction fees and commissions
|services||transactions||amount of fee (currencies)|
|Income transaction||Non-cash income||No fee|
|Cash income||No fee|
account fees and commissions
|fees and commissions||currencies|
|Opening an account||No fee|
- Customer application form /download bank form here/;
- An official request to open an account;
- Official notarized copy of State Registration Certificate;
- Notarized signature of applicant /download bank form/;
- Copy of charter of the company;
- Copy of ID card of the authorized person to dispose with an account.