I see a high APR — and I want to immediately multiply it by the entire amount. But first, it’s worth checking the bonus terms.
In Binance Simple Earn Flexible for certain products, there’s a Bonus Tiered APR: the additional reward depends on which range your amount falls into.
If the bonus only applies within a certain limit, depositing more than that doesn’t give the same bonus on the entire remaining balance. So the highest percentage in the offer can’t automatically be applied to all your funds.
My rule before subscribing: check the base APR, the bonus range, and the rate for the amount above it. The current terms and availability are in the specific product.
It’s more useful for me to know how much my exact amount will earn, rather than what the highest percentage shown on the page is.
#BinanceEarn
In Binance Simple Earn Flexible for certain products, there’s a Bonus Tiered APR: the additional reward depends on which range your amount falls into.
If the bonus only applies within a certain limit, depositing more than that doesn’t give the same bonus on the entire remaining balance. So the highest percentage in the offer can’t automatically be applied to all your funds.
My rule before subscribing: check the base APR, the bonus range, and the rate for the amount above it. The current terms and availability are in the specific product.
It’s more useful for me to know how much my exact amount will earn, rather than what the highest percentage shown on the page is.
#BinanceEarn
