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 interests payable on pre-mature withdrawals or payments from time deposit account (annual) – 2.40%
In the case of cancellation of a 36-month term deposit that has matured more than 18 months, a 12-month deposit rate will be applied.
If you register for the Easy Savings service, you will be exempted from the minimum balance requirement of local currency term deposit account.
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: 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 interests payable on pre-mature withdrawals or payments from time deposit account (annual) – 0.5%
In the case of cancellation of a 36-month term deposit that has matured more than 18 months, a 12-month deposit rate will be applied.

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 interests payable on pre-mature withdrawals or payments from time deposit account (annual) – 0.5%
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 EUR) 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 interests payable on pre-mature withdrawals or payments from time deposit account (annual) – 0.50%

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)

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 CNY) 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 interests payable on pre-mature withdrawals or payments from time deposit account (annual) – 0.02%
Remote cancellation is available if eligible.

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)

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 JPY) 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.

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 .

Calculator

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Savings Period

Monthly Contribution