Customer cannot deposit and withdraw money and cancel the agreement prior to the maturity date.
For customers who have built financially stable relationship with the bank, up to 3 percent/p.a/ can be added to publicly announced interest rate on 3 to 36 months of term deposit that is newly opened or extended with minimum balance of 50 million MNT /50,000 USD/ in Ulaanbaatar or 20 million MNT /20,000 USD/ in rural area under permission of head of relevant department and unit
Fees:
Open an account: No fee
Non-cash deposit transaction: No fee
Cash deposit: No fee
Saving book's fee: 1,000₮
Minimum balance: 10,000₮
Close an account: 3,000₮
Prepaid interest term / USD
Monthly interest payout
Term
6 months
9 months
12 months
Monthly interest
0.17%
0.19%
0.22%
Annual interest
2.00%
2.25%
2.6%
Minimum balance
5,000 $
Interest payout in advance (Before term)
Term
6 months
9 months
Monthly interest
0.17%
0.22%
Annual interest
2.00%
2.60%
Minimum balance
20,000 $
Customer cannot deposit and withdraw money and cancel the agreement prior to the maturity date.
For customers who have built financially stable relationship with the bank, up to 3 percent/p.a/ can be added to publicly announced interest rate on 3 to 36 months of term deposit that is newly opened or extended with minimum balance of 50 million MNT /50,000 USD/ in Ulaanbaatar or 20 million MNT /20,000 USD/ in rural area under permission of head of relevant department and unit
Fees:
Open an account: No fee
Non-cash deposit transaction: No fee
Cash deposit: No fee
Saving book's fee: 1,000₮
Minimum balance: 10,000₮
3,000 MNT (equivalent amount USD) 3,000₮
Required document
Mongolian citizens:
Passport or National ID Card /National ID Card reference is equivalent/
Foreigner citizens:
Passport
Residence card in Mongolia
o Not required in case of travel visa
o Foreign nationals arriving in the context of business are not required if there is a contract or job description confirming the activity
FAQ
You can open a savings account at any branch or settlement center of the Trade Development Bank near you or by using the TDB Online Internet Banking application.
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.
Extend your deposit term at any branch or settlement center of Trade and Development Bank.
Prepaid interest deposits cannot be canceled before the term.
It is not possible to earn money on prepaid interest deposits.