Binance Simple Earn vs Fixed Term Bank Deposits: Who Pays More?

Nowadays, not only banks offer interest for saving. With Binance Simple Earn, you can generate returns with stablecoins like USDT and USDC, in a flexible manner and with immediate access to your funds while keeping the accumulated interest.

For this, I will make a comparison so you can understand a bit more if you are new to the world of cryptocurrencies.

Quick comparison:

Fixed term bank deposit: usually pays an average of 6% per year.

Binance Simple Earn (USDT/USDC): offers between 5% and 12% APR, with the option of flexible or locked savings.

Example with 1,000 USD in one year:

Bank (6% average): 1,060 USD.

Binance Simple Earn (10% average): 1,100 USD.

And taking into account that currently Binance Earn is paying 12% interest on USDC.

So if you want to generate extra money 🫰 🤑 without risk and knowing that you can use the money whenever you want and obtain the accumulated interest at any time.
#BinanceEarnProgram #USDT #USDC

Where would you put your money to work, in a fixed term bank deposit or in Binance Simple Earn?