Binance Launches Twentieth Phase of Binance Savings Products
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 |
4.986301 COTI |
COTI |
30-day |
10,000,000 COTI |
500,000 COTI |
18% |
1,000 COTI |
14.794520 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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