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Binance Launches 23rd Phase of Binance Savings Products
Binance
2020-06-19 01:30

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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