XacBank - Personal Banking

XacBank is a leading banking service provider to children. Over the past 5 years the bank has grown its nationwide future millionaire children’s savings product to 64,000 accounts (as of 2009).

In continuing with this tradition, the bank is excited to announce Aspire, a primary savings product designed for girls between the ages of 14 to 18 and that allows them to manage their account independently from adults.

The account allows withdrawal and deposits at any time. There are two options for this account:

Master Card: A card with benefits especially for Aspire account holder. This card gives account access through 70 АТМ and other organizations throughout the city.
Deposit account: Provides account access through any Xacbank branch.

ANNUAL INTEREST

MINIMUM BALANCE REQUIREMENT	IR*	APY**
MINIMUM BALANCE REQUIREMENT	3,000 MNT	6.3%	6.5%

REQUIRED DOCUMENTS:

Personal ID (if you are under 16 years old Birth Certificate is required)
1 photo

Girls may open time deposit for 3 months or more according to their demand. During the contract term, deposits are allowed at anytime. When the contract expires, full or partial withdrawals may be made. Additionally, the account holder can choose to extend the contract for any duration that she wants.

ANNUAL INTEREST

MINIMUM BALANCE REQUIREMENT	3-5 MONTHS		6-8 MONTHS		9-12 MONTHS		13-24 MONTHS
MINIMUM BALANCE REQUIREMENT	IR*	APY**	IR*	APY**	IR*	APY**	IR*	APY**
3,000 төгрөг	8.0%	8.3%	10.5%	11.0%	11.5%	12.1%	12.5%	13.2%

REQUIRED DOCUMENTS:

Personal ID (if you are under 16 years old Birth Certificate is required)
1 photo

Children's saving Aspire