Ermmm... at least the risk is minimal.
See below for more information. I got them from Binance website.
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
|
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 |
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