Term deposit

Interest rate

Term deposit / MNT

Term	To receive services	1 month	2 months	3 months	6 months	9 months	12 months	18 months	24 months	36 months
Monthly interest	TDB online	0.68%	0.72%	0.80%	0.89%	0.93%	1.04%	1.05%	1.08%	-
Monthly interest	Branch	0.67%	0.71%	0.79%	0.88%	0.92%	1.03%	1.04%	1.07%	1.08%
Annual interest	TDB online	8.10%	8.60%	9.60%	10.60%	11.10%	12.50%	12.60%	12.90%	-
Annual interest	Branch	8.00%	8.50%	9.50%	10.50%	11.00%	12.40%	12.50%	12.80%	13.00%
Minimum balance	10,000 ₮									more than 300,000,000₮

Penalty interest on premature withdrawals from time deposit account: 2.40% (annual)
Cancellation of a 36-month term deposit (matured over 18 months): 12-month deposit rate applied
Easy Savings Service: Exempted from the minimum balance requirement of local currency term deposit account
Bonus interest for financially stable customers: up to 3% p.a. added to the publicly announced interest rate on 3 to 36-month term deposits with a minimum balance of MNT 50 million / USD 50,000 (Ulaanbaatar) or MNT 20 million / USD 20,000 (rural area), under permission of Head of the relevant department.

Fees:
Open an account: No fee	Non-cash deposit transaction: No fee	Cash deposit: No fee
Saving book's fee: 3,000₮	Minimum balance: 10,000₮	Close an account: 3,000₮

Term deposit / USD

Term	3 months	6 months	9 months	12 months	18 months	24 months	36 months
Monthly interest	0.17%	0.18%	0.22%	0.27%	0.27%	0.28%	0.50%
Annual interest	2.0%	2.2%	2.6%	3.2%	3.2%	3.3%	6.0%
Minimum balance	10 $						500,000 $

Penalty interest on premature withdrawals from time deposit account: 0.5% (annual)
Cancellation of a 36-month term deposit (matured over 18 months): 12-month deposit rate applied
Non-Cash transactions: A fee of 0.5% (min USD 0.01) is charged when spending non-cash deposited currency in cash.

Fees:
Open an account: No fee	Cash and Non-cash deposit transaction: No fee	Saving book's fee: 1,000₮
Minimum balance: 10$	Cash withdrawal: No fee	Close an account: 3,000 MNT (equivalent amount USD)

Transactions in which the bank receives deposit interest on the account at the end of the term are non-cash transactions. A fee of 0.5% (min 0.01 USD) is charged when spending non-cash deposited currency in cash.

Term deposit / EUR

Term		3 months		6 months
Monthly interest		0.1%		0.12%
Annual interest		1.2%		1.4%

Penalty interest on premature withdrawals from time deposit account: 0.5% (annual)
Non-Cash transactions: A fee of 0.5% (min EUR 0.01) is charged when spending non-cash deposited currency in cash.

Fees:
Open an account: No fee	Cash and Non-cash deposit transaction: No fee	Saving book's fee : 1,000₮
Minimum balance: 10 €	Cash withdrawal: No fee	Close an account: 3,000 MNT (equivalent amount EUR)

Term deposit / CNY

Term	3 months	6 months	9 months	12 months
Monthly interest	0.1%	0.12%	0.13%	0.15%
Annual interest	1.2%	1.4%	1.6%	1.8%

Penalty interest on premature withdrawals from time deposit account: 0.5% (annual)

Fees:
Open an account: No fee	Cash and Non-cash deposit transaction: No fee	Saving book's fee: 1,000₮
Minimum balance: 100 ¥	Cash withdrawal: No fee	Close an account: 3,000 MNT (equivalent amount CNY)

Non-Cash transactions: A fee of 0.5% (min CNY 0.01) is charged when spending non-cash deposited currency in cash.

Term deposit / JPY

Term	12 months
Monthly interest	0.166%
Annual interest	2.0%

Penalty interest on premature withdrawals from time deposit account: 0.02% (annual)

Fees:
Open an account: No fee	Cash and Non-cash deposit transaction: No fee	Saving book's fee: 1,000₮
Minimum balance: 100 ¥	Cash withdrawal: No fee	Close an account: 3,000 MNT (equivalent amount JPY)

Non-Cash transactions: A fee of 0.5% (min JPY 0.01) is charged when spending non-cash deposited currency in cash.

Required document

Mongolian citizen:

Passport or National ID Card /National ID Card reference is equivalent/
If the customer's original documents registered with the TDB are unavailable, the ID card obtained at the kiosk can be used as a reference.

Foreign citizen:

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.

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.

If the deposit interest rate remains unchanged during the term, interest is calculated based on the initial deposit balance and any income received during the period.
If the deposit interest rate changes during the term, interest on the initial balance is calculated at the original rate, while interest on the income received is calculated at the new rate.

Example:
If you deposit MNT 5 million and the bank raises the interest rate to 11% per annum after 1 month, and you add another MNT 5 million, the initial deposit will earn interest at 10.5%, while the new deposit will earn interest at the updated rate of 11%.

Calculator

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Savings Period

Monthly Contribution