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Binance Launches Twentieth Phase of Binance Savings Products

Binance
2020-05-28 09:15

Fellow Binancians,

Binance will launch the twentieth phase of Binance Savings Products at 2020/05/28 12:00 PM (UTC), where 14-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 2020/05/28 12:00  PM (UTC) to 2020/05/29 12:00  PM (UTC).
  • Interest Calculation Period: 2020/05/29 12:00  PM (UTC) to the end of the according 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

COTI

14-day

10,000,000 COTI

500,000 COTI

13%

1,000 COTI

0.498630 COTI

COTI

30-day

10,000,000 COTI

500,000 COTI

18%

1,000 COTI

1.479452 COTI

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

2020/05/28

 

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