"CHILDREN'S EDUCATION" SAVINGS

If you wish to give your child a good quality education, here's a brilliant opportunity to make that possible.

Highest interest rate, longest term deposit
Depending on children's grades we will reward them with 10% of earned interest for that year as a bonus
Once a year, you can withdraw up to 30% of your savings for educational purposes without any penalty fees
Manage your account over Internet bank or 'Arig online' application
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

Currency	MNT	USD
Annual interest rate	13.9%	3.0%
Term	Until children reach 18 years old
Minimum balance	10,000 MNT	10 USD
Penalty interest rate	4.0%	0.75%

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		1,000 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.

Children's birth certificate
If children are over 16 years old Citizen identity card or Passport
Joint account holder's Citizen identity card or Passport /must be a parent or legal guardian/
For foreigners in addition Certificate of alien registration