XacBank - Personal Banking - Housing savings

If you would like to make a down payment on an apartment or ger district housing this account is for you. Xacbank offers apartment and ger district housing mortgage loans with long terms and flexible conditions. Maintaining a home savings account is required to be eligible for a XacBank mortgage.

Minimum balance required:

Term	MNT	USD	EUR
3-5 months	1,000,000	1,000	1,000
6-8 months	750,000	750	750
9-12 months	500,000	500	500
Over 13 months	250,000	250	250

Term of savings account contract: Over 3 months

Interest rate /year/

Term	MNT		USD		EUR
Term	Compound	Simple	Compound	Simple	Compound	Simple
3-5 months	8.0	8.3	4.5	4.6	2.5	2.5
6-8 months	10.5	11.0	5.0	5.1	3.5	3.6
9-12 months	11.5	12.1	5.8	6.0	4.5	4.6
Over 13 months	12.5	13.2	6.0	6.2	5.5	5.6

*Compounded interest occurs when interest previously applied to the account itself earns additional interest. The interest rate is compounded monthly and paid into the account

*Simple rate is annual interest rate which accrued will be transferred at the end of contract term.

“Interest rate as of the 1st of January, 2011

Limited term deposit Housing savings