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Prepaid interest deposit


INTEREST (MNT)

10.9-12.6%


INTEREST (USD)

3.0%-4.2%

Get a loan

Prepaid interest deposit

If you prefer to safely deposit a certain amount of your company's funds in a savings account while maintaining the option to spend the earned interest, this is the solution for you. Interest is accrued on a daily basis and the income is added to the account each month.

Feature

  • Currency – MNT, USD;
  • No account opening and keeping fee;
  • No additional deposit nor withdrawals are allowed during contract period;
  • Method to calculate interest rate - general;
  • Option to receive interest earnings into other account.

Advantages:

  • 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
6 months
9 months
12 months
18 months
24 months
annual interest rate
MNT
2,000,000
10.9%11.4%
12.3%
12.5%
12.6%
USD
2,000
3.0%
4.1%
4.2%
-
-

transaction fees and commissions

services
transactions
amount of fees (currencies)
mnt
usd
Income transaction
Non-cash income
No fee
Cash income
No fee

account fees and commissions

fees and commissionscurrencies
mnt
Opening an account
No fee

Required documents:

  • 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.