Type search keyword

Regular term deposit


NOMINAL (MNT)

8.2%-12.6%


EFFECTIVE (MNT)

8.5%-13.3%


Saving calculator

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.

Regular term deposit

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.

Feature

  • 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.

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
INTEREST RATE /ANNUAL/
3 months
6 months
9 months
12 Months
18 months
24 months
MNT
250,000
Nominal
8.2%
10.9%11.4%
12.3%
12.5%
12.6%
Effective*
8.5%
11.5%
12.0%
13.0%
13.2%
13.3%
USD
200
Nominal
2.4%
3.0%
4.1%
4.2%
-
-
Effective*
2.4%
3.0%
4.2%
4.3%
-
-
EUR
200
Nominal
2.5%
3.1%
3.5%
3.7%
-
-
Effective*
2.5%
3.1%
3.6%
3.8%
-
-
CNY
1,500
Nominal
2.4%
3.0%
3.4%
3.6%
-
-
Effective*
2.4%
3.0%
3.5%
3.7%
-
-

* 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)
mnt
usd
eur
cny
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.