1800-1881 mn

Children’s deposit

Definition: Child Term Deposit helps you to invest your child at age of 0-18 for bright future. No withdrawals and transfers are allowed to make prior to agreement term.

Benefits and Features:

  • Available to make credit transaction anytime, you are not able to make withdrawals prior to agreement term.
  • Interests will be calculated and transferred into account every year.
  • Agreement term can be extended as customer wants until age of 18. /agreement can be made for years/.

Minimum balance to open account, interest

Classification MNT /annual interest/ USD /annual interest/
1-18 year 13,7% 3,00%
Minimum balance MNT 10000 USD 10


Note: There are no limits for credit transaction. Interests will be calculated and compounded every year and transferred into deposit account. Agreement term can be extended as customer wants until age of 18. /agreement can be made for years/. If customer terminates term of child term deposit account prior to maturity date, interests will be calculated in discounted rate: MNT – 3,6%; USD – 1,2% and total amount of interests will not be available after the last interest provision.

Definition: Child Term Deposit helps you to invest your child at age of 0-18 for bright future. No withdrawals and transfers are allowed to make prior to agreement term.

Benefits and Features:

  • Available to make credit transaction anytime, you are not able to make withdrawals prior to agreement term.
  • Interests will be calculated and transferred into account every year.
  • Agreement term can be extended as customer wants until age of 18. /agreement can be made for years/.

Minimum balance to open account, interest

Classification MNT /annual interest/ USD /annual interest/
1-18 year 13,7% 3,00%
Minimum balance MNT 10000 USD 10


Note: There are no limits for credit transaction. Interests will be calculated and compounded every year and transferred into deposit account. Agreement term can be extended as customer wants until age of 18. /agreement can be made for years/. If customer terminates term of child term deposit account prior to maturity date, interests will be calculated in discounted rate: MNT – 3,6%; USD – 1,2% and total amount of interests will not be available after the last interest provision.

Definition: Child Term Deposit helps you to invest your child at age of 0-18 for bright future. No withdrawals and transfers are allowed to make prior to agreement term.

Benefits and Features:

  • Available to make credit transaction anytime, you are not able to make withdrawals prior to agreement term.
  • Interests will be calculated and transferred into account every year.
  • Agreement term can be extended as customer wants until age of 18. /agreement can be made for years/.

Minimum balance to open account, interest

Classification MNT /annual interest/ USD /annual interest/
1-18 year 13,7% 3,00%
Minimum balance MNT 10000 USD 10


Note: There are no limits for credit transaction. Interests will be calculated and compounded every year and transferred into deposit account. Agreement term can be extended as customer wants until age of 18. /agreement can be made for years/. If customer terminates term of child term deposit account prior to maturity date, interests will be calculated in discounted rate: MNT – 3,6%; USD – 1,2% and total amount of interests will not be available after the last interest provision.

For further information, please contact us at:
Customer information center: 1800-1881
Email address: contact@statebank.mn
Fax: 330595


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