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Binance Launches 24th Phase of Binance Savings Products For ERD, With Bonus USDT Savings Event

تمّ النشر في 2020-07-24 11:32

Fellow Binancians,

Binance will launch the 24th phase of Binance Savings Products at 2020/07/24 12:00 PM (UTC), where 7-day and 14-day fixed-term locked savings products will be made available. Further details are below: 

  • Subscription Format: First-come-first-served basis.
  • Subscription Period: From 2020/07/24 12:00  PM (UTC) to 2020/07/25 12:00  PM (UTC).
  • Interest Calculation Period: 2020/07/25 12:00 PM (UTC) to the end of each respective product period.
  • Interest Payout Time: Immediately after term matures. 

Savings Product Details (

)

DigitalAsset

Term to Maturity

Total Subscription Cap

Individual Cap

Annualized Interest Rate

Lot Size

Interest Per Lot at Maturity

ERD

7-day

150,000,000 ERD

5,000,000 ERD

10%

200,000 ERD

383.561643 ERD

ERD

14-day

150,000,000 ERD

5,000,000 ERD

12%

200,000 ERD

920.547945 ERD

Binance is also launching a special 14-day USDT savings event! Details are below:

  • Subscription Format: First-come-first-served basis.
  • Subscription Period: From 2020/07/25 12:00  PM (UTC) to 2020/07/26 12:00  PM (UTC).
  • Interest Calculation Period: 2020/07/26 12:00 PM (UTC) to the end of each respective product period.
  • Interest Payout Time: Immediately after loan term matures. 

Savings Product Details (

DigitalAsset

Term to Maturity

Total Subscription Cap

Individual Cap

Annualized Interest Rate

Lot Size

Interest Per Lot at Maturity

USDT

14 Days

20,000,000 USDT

1,000,000 USDT

10%

1,000 USDT

3.835616 USDT

Note:

  • Amounts subscribed to Binance Savings products will not be able to receive their corresponding staking rewards;
  • Refer here for the ;
  • Please refer to prior to using any products on the Binance Savings platform.

Thanks for your support!

Binance Team

2020/07/24

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