CORPORATE SAVING ACCOUNT
Arig Bank gives you the opportunity to earn high interest income by saving your company's money.
Advantages
- Choose terms and currencies that suit your needs
- Higher interest income
- Manage an account over Internet bank
- Have an automated transaction service
- Up to 20 million MNT insured by Deposit Insurance Corporation
- Call our 24/7 call center at 7070-1001 to get information and inquiries about your account
Terms
| Term / Currency | Annual interest rate | |||
| MNT | USD | EUR | CNY | |
| 1-13 days | 8.0% | |||
| 14-29 days | 8.2% | |||
| 30-59 days | 9.6% | |||
| 60-89 days | 10.2% | |||
| 90-179 days | 11.2% | 1.8% | 1.0% | 1.0% |
| 180-209 days | 11.5% |
2.4% |
1.2% |
1.2% |
| 210-239 days | 11.9% | |||
| 240-269 days | 12.3% | |||
| 270-299 days | 12.7% |
2.8% |
1.5% |
1.5% |
| 300-329 days | 13.1% | |||
| 330-364 days | 14.0% | |||
| 365-389 days | 14.0% | 4.0% | 1.7% | 1.7% |
| 390-539 days | 14.2% | |||
| 540-719 days | 14.3% | |||
| 720-749 days | 14.4% | |||
| Minimum balance | 10,000 MNT | 10 USD | 10 EUR | 50 CNY |
| Penalty interest rate | 4.0% | 0.75% | 0.0% | 0.5% |
Fees and commissions
|
Type |
Service |
Currency | |||
| MNT | USD | EUR | CNY | ||
| Income transaction | Cash, non-cash income | - | |||
| Withdrawal transaction | Cash withdrawal* | - | 0.5% | 0.3% | 0.4% |
| Cash transaction |
Interbank transaction /before 16 pm/ |
1,000 MNT | 1,500 MNT | ||
| Interbank transaction /after 16 pm/ | 1,000 MNT | 3,000 MNT | |||
| Non-cash transaction | Transaction between own accounts | - | |||
| Transaction between Arig bank accounts | 100 MNT | ||||
| Interbank transaction /up to 5 million MNT/ | 200 MNT | 0.5 USD | |||
| Interbank transaction /more than 5 million MNT/ | 400 MNT | 0.5 USD | |||
| Open an account | - | ||||
| Saving book | 1,000 MNT | ||||
| Account statement /per sheet/ | 100 MNT | ||||
| Close an account | 3,000 MNT | ||||
* A commission will be charged if the non-cash income in the account is spent in cash
Click HERE to see the general terms and conditions of the bank's products and services.
Required documents
- Official letter requesting to open an account
- Customer Acceptance Form
- Product and Service Form
- Company's original or notarized State registration certification and Charter
- Form of registration of Ultimate beneficial owner and Politically exposed person
- Notarized and valid document for each of the Ultimate beneficial owners and Shareholders
- Notarized Signature Verification Form of CEO and appointed employees to manage account
- CEO and appointed employees Customer Acceptance Form /individual/, Citizen identity card /Passport, Residence permit, Forms W-8BEN and W-9 for US citizens/
- Order of governing authority, granting the right to an appointed employee to manage account
- Other documents
In order to establish a stable financial relationship with the customer, Arig bank is offering an additional annual interest rate of 3.5% on a 1-749 days term deposit that is newly opened or extended, depending on the deposit term and amount.
