"CHILDREN'S EDUCATION" SAVINGS
If you wish to give your child a good quality education, here's a brilliant opportunity to make that possible.
Advantages
- 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
- Control the account over Internet bank or Pocket Bank application
- Have an automated transaction service
- Up to 20 million MNT insured by Deposit Insurance Corporation
- Call our 24/7 call center at 7013-3060 to get information and inquiries about your account
Terms
| Currency | MNT | USD |
| Annual interest rate | 11.6% | 2.8% |
| Term | Until children reach 18 years old | |
| Minimum balance | 10,000 MNT | 10 USD |
| Penalty interest rate | 2.75% | 0.75% |
Saving book - 1,000 MNT
Required documents
- Children's birth certificate
- If children are over 16 years old Personal ID or Passport
- Joint account holder's Passport and Certificate of alien registration /must be a parent or legal guardian/
