Compound interest term deposit

Customers can register for the TDB Online service through the "Register as a Customer" menu on the www.cardcentre.mn website. After that, open a savings account through your internet bank.

If you have TDB Online, you can extend your current demand deposit into a term deposit by accessing the Administration section of the Account menu of your internet bank. However, if you do not have Internet banking, please extend your deposit term at any branch or settlement center of the Bank of Commerce and Development.

Yes, you can. In this case, the deposit interest will be paid to you based on the contract. Please contact your nearest Trade and Development Bank branch, settlement center or 1800-1977.

1.  If there is no change in the deposit interest rate announced by the bank during the deposit period, the interest will be calculated according to the initial agreement for the initial balance of the deposit and the income received during the period.
2. However, in the case of a change in the deposit interest rate announced by the bank in the middle of the deposit period, the interest rate for the first balance will be calculated at the rate specified in the contract, and for the income received during the period, the interest rate will be calculated at the effective rate when the income is received. For example: Let's say that you opened a savings account with the amount of 5 million. 1 month later, the bank increased its deposit rate to 11.0% per annum. After the deposit interest rate increased, you added another 5 million.₮ to your account. In this case, the bank will pay interest at the rate of 10.5% per annum for the 5 million .