With our prepaid term deposit account, you can receive monthly interest income into any of your current account.
Features
Higher interest rate
Receive monthly interest income into your current account
Deposit backed loan
Monitor the deposit statement over the internet banking service
Terms and conditions
CURRENCY
MNT
USD
Minimum balance
2,000,000
2,000
Interest rate (per annum)
6 months
10.26%*
2.45%*
9 months
10.86%*
2.75%*
12 months
12.80%*
3.15%*
24 months
12.97%*
3.35%*
36 months
-
3.35%* (More than $ 100,000)
interest rate calculation upon premature termination of term deposit contract. (per annum)
2.40%
0.50%
*- Bogd Bank is offering an additional interest rate of 0.1% -2.8% on time deposits, depending on the amount of the deposit, in case of opening a new deposit or renewing the term of the deposit in order to establish a long-term relationship with the customer.
Fees and commissions
TYPE
SERVICE
CURRENCY
MNT
USD
CNY
EUR
Income transaction
Cash transaction
No fee
No fee (1-20 USD bill 1.5%)
No fee
Non-cash transaction
No fee
Withdrawal transaction
Withdrawal transaction
200
0.25%
0.4%
0.2%
Interbank transaction
200 MNT for up to 5,000,000 MNT transactions
In other currency equivalent to 0.5 USD
Interbank transaction
500 MNT for above 5,000,001 MNT transactions
Account statements
Statements
5,000 MNT
If the account was opened within the last 14 days or if the account co-owner was added
40,000 MNT
If additional information was added due to the customer request
Standard statement fee + 15,000 MNT
Account statement (Per sheet)
100 MNT
*USD bills that is outdated or in poor condition will not be accepted for processing.
Required documents
Formal request to open an account;
Copy of State Registration Certificate /Notarized/;
Copy of charter of the company /Notarized/;
Authorized signature card of applicant /Notarized/;
Copy of ID card of the authorized person to dispose with an account;
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