CORPORATE TIERED RATE DEPOSIT
We offer you a Tiered rate deposit with the aim of providing customers with a high interest rate that increases gradually depending on the balance of the account.
Advantages
- Higher interest income
- Choose terms and currencies that suit your needs
- Manage your 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
|
Currency |
Account balance |
Annual interest rate on account balance |
Minimum balance | Penalty interest rate | |
| Term | 12 months | 24 months | |||
|
MNT |
50,000,000 - 299,999,999 MNT | 13.7% | 13.9% |
50,000,000 MNT |
4.0% |
| 300,000,000 - 499,999,999 MNT | 13.9% | 14.1% | |||
| more than 500,000,000 MNT | 14.1% | 14.3% | |||
| Term | 12 months | 24 months | |||
|
USD |
10,000 - 99,999 USD | 2.9% | - |
10,000 USD |
0.75% |
| 100,000 - 149,999 USD | 3.0% | - | |||
| more than 150,000 USD | 3.1% | - | |||
Fees and commissions
|
Type |
Service |
Currency | |
| MNT | USD | ||
| Income transaction | Cash, non-cash income | - | |
| Withdrawal transaction | Cash withdrawal* | - | 0.5% |
| 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
