Binance Launches 22nd Phase of Binance Savings Products

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Binance Launches 22nd Phase of Binance Savings Products

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)

Digital Asset	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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