Binance Launches 24th Phase of Binance Savings Products For ERD, With Bonus USDT Savings Event

 Announcements    |      2020-07-24

Fellow Binancians,

Binance will launch the 24th phase of Binance Savings Products at 2020/07/24 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 2020/07/24 12:00  PM (UTC) to 2020/07/25 12:00  PM (UTC).
  • Interest Calculation Period: 2020/07/25 12:00 PM (UTC) to the end of each respective product period.
  • Interest Payout Time: Immediately after 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

Binance is also launching a special 14-day USDT savings event! Details are below:

  • Subscription Format: First-come-first-served basis.
  • Subscription Period: From 2020/07/25 12:00  PM (UTC) to 2020/07/26 12:00  PM (UTC).
  • Interest Calculation Period: 2020/07/26 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

USDT

14 Days

20,000,000 USDT

1,000,000 USDT

10%

1,000 USDT

3.835616 USDT

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

2020/07/24

 

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