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Binance Launches Nineteenth Phase of Binance Savings Products

Binance
2020-04-29 10:07

Fellow Binancians,

Binance will launch the nineteenth phase of Binance Savings Products at 2020/04/29 12:00 PM (UTC), where 30-day fixed term savings products will be made available. Further details are below: 

  • Subscription Format: First-come-first-served basis.
  • Subscription Period: From 2020/04/30 12:00  PM (UTC) to 2020/05/01 12:00  PM (UTC).
  • Interest Calculation Period: 2020/05/01 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

ARPA

30 days

15,000,000 ARPA

500,000 ARPA

15%

20,000 ARPA

246.575342

 ARPA

ERD

7 days

150,000,000 ERD

5,000,000 ERD

10%

200,000 ERD

383.561643 ERD

ERD

14 days

150,000,000 ERD

5,000,000 ERD

12%

200,000 ERD

920.547945ERD

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

2020/04/29

 

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