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Binance Launches 22nd Phase of Binance Savings Products

Published on 2020-06-12 10:02

Fellow Binancians,

Binance will launch the 22nd phase of Binance Savings Products at 2020/06/12 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 2020/06/12 12:00 PM (UTC) to 2020/06/13 12:00 PM (UTC).
Interest Calculation Period: 2020/06/13 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

)

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

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

2020/06/12

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