Binance Launches 23rd Phase of Binance Savings Products

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Binance Launches 23rd Phase of Binance Savings Products

2020-06-19 01:29

Fellow Binancians,

Binance will launch the 23rd phase of Binance Savings Products at 2020/06/18 12:00 PM (UTC), where 30-day and 90-day fixed-term locked savings products will be made available. Further details are below:

Subscription Format: First-come-first-served basis.
Subscription Period: From 2020/06/18 12:00 PM (UTC) to 2020/06/19 12:00 PM (UTC).
Interest Calculation Period: 2020/06/19 12:00 PM (UTC) to the end of each respective product period.
Interest Payout Time: Immediately after loan term matures.

Savings Product Details (Subscribe now)

Digital Asset	Term to Maturity	Total Subscription Cap	Individual Cap	Annualized Interest Rate	Lot Size	Interest Per Lot at Maturity
STPT	30 days	15,000,000 STPT	500,000 STPT	5%	7,500 STPT	30.821917 STPT
STPT	90 days	30,000,000 STPT	1,000,000 STPT	18%	7,500 STPT	332.876712 STPT
ARPA	30 days	10,000,000 ARPA	500,000 ARPA	15%	20,000 ARPA	246.575342 ARPA

Note:

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

Thanks for your support!

Binance Team

2020/06/18

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