Binance will launch the 29th phase of Binance Savings at 2020/09/10 12:00 PM (UTC), where 7-day and 30-day fixed-term locked savings products will be made available. Further details are below:
- Subscription Format: First-come-first-served basis.
- Subscription Period: From 2020/09/10 12:00 PM (UTC) to 2020/09/11 12:00 PM (UTC).
- Interest Calculation Period: 2020/09/11 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||Annualized Interest Rate||Lot Size||Interest Per Lot at Maturity|
|CTSI||7 Days||3,000,000 CTSI||3%||1,500 CTSI||0.8630 CTSI|
|CTSI||30 Days||4,000,000 CTSI||7%||2,000 CTSI||11.5068 CTSI|
- Amounts subscribed to Binance Savings products will not be able to receive their corresponding staking rewards；
- Refer here for the Binance Savings User Guide;
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