High Yield Term Deposit
High Yield of
Max 3.5%*
annual interest rate!
- Minimum deposit of $1,000
- Wide selection of maturity terms (starting from 3 months and up to 24 months) to choose from
- Easy and fast processing of purchases and withdrawals
- Secure handling of funds
- Bank Deposit Insurance Law of Mongolia states that deposit of up to $8500 (in 2017 exchange rate) is insured and guaranteed per depositor**
- Diversified within multiple top tier banks in Mongolia
Mongolia takes initiative in protecting the stability of the financial markets and investors/depositors. World Bank places Mongolia as one of the most promising countries for a long term economic growth and development*. Bank Deposit Insurance Law of Mongolia** protects deposit amount of under the 20,000,000 Tugirk (equivalent of about 8500 USD in 2017 rate).
*World Bank Country Manager for Mongolia James Anderson:
http://montsame.mn/en/read/10453
http://montsame.mn/en/read/10453
*Terms and fees apply.
**Insurance Law States: “On occurrence of an insured event, the corporation shall compensate insured depositors with deposits of both local and foreign currency up to the amount of 20 million MNT per depositor and per bank. Anonymous deposits, numbered deposits or deposits under fictitious names, deposit certificates and other financial instruments which are not registered on the name of any depositor; Deposits which are not repayable at par; Deposits by Banks are not eligible for deposit insurance.” (Article 7. of the Bank Deposit Insurance Law)
**Insurance Law States: “On occurrence of an insured event, the corporation shall compensate insured depositors with deposits of both local and foreign currency up to the amount of 20 million MNT per depositor and per bank. Anonymous deposits, numbered deposits or deposits under fictitious names, deposit certificates and other financial instruments which are not registered on the name of any depositor; Deposits which are not repayable at par; Deposits by Banks are not eligible for deposit insurance.” (Article 7. of the Bank Deposit Insurance Law)