Education-Children’s future term deposit
This product is designed to save money for children aged 0-18, with the highest interest rates and a 365-day automatic renewal until they reach 18.
The Education-Children’s future term deposit offers you the following services:
• Highest interest rate announced by the bank for the given year.
• Deposit transactions at your convenience.
• No withdrawal of funds prior to maturity.
• Non-cash interest payment to the account upon maturity. (365 days)
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"Education-Children’s future term deposit"
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MNT |
| Minimum balance |
Annual interest rate |
Penalty interest rate |
| 0-18 years |
20,000 |
15.0% |
4.0% |
Required documents for residents:
Mongolians:
- Personal ID or Foreign passport.
- Completed "Account opening application form"
Foreigners:
- Foreign passport.
- Completed "Account opening application form"
- Resident permit
For nonresidents, the bank opens accounts on case by case basis, which requires additional KYC documents such as (but not limited to) bank reference and employer reference. Please contact our Priority Banking (Tel: 976-70075178; Fax: 976-70075188; Address: Altai Center, Sukhbaatar District, Chinggis Avenue -8, Ulaanbaatar, Mongolia) for more information.
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