Binance is launching new BUSD and USDT Locked Savings products, allowing users to earn 5% APY on BUSD and USDT. Also, eligible users can enjoy the benefits available to accounts of up to the VIP 4 level for one month.Earn 5% APY on BUSD & USDT Locked SavingsLocked Savings Product Details (Subscribe now):
- Subscription Format: First-come, first-served basis.
- Subscription Period: From 2022-03-15 04:00 AM (UTC)
- Interest Calculation Period: 2022-03-16 00:00 AM (UTC) to the end of the corresponding product period.
|Digital Asset||Term to Maturity||Total Cap||Individual Cap||Annualized Interest Rate||Lot Size||Interest Per Lot at Maturity|
|BUSD||30 days||200,000,000 BUSD||50,000,000 BUSD||5%||100 BUSD||0.4110 BUSD|
|USDT||30 days||200,000,000 USDT||50,000,000 USDT||5%||100 USDT||0.4110 USDT|
VIP Upgrade Voucher Giveaway: Upgrade Your Account to Up to VIP Level 4
All users who reach the following subscription amount will be ranked by their total subscription amount of BUSD and USDT on Locked Savings, where the top 100 users can enjoy the benefits available to accounts of up to the VIP 4 level for one month (the maximum VIP level after upgrade will be VIP 4):
|Locked Savings Subscription Threshold (BUSD or USDT)||VIP Upgrade||Validity Period|
|200,000||VIP +1||30 days|
- Users can transfer part or all of their funds from Locked Savings to Flexible Savings before the lock period ends, but the funds transferred out will not generate interest from Locked Savings or be counted for VIP Upgrade Voucher.
- Subscriptions will close on the product once the maximum limit is reached.
- VIP Upgrade Vouchers will be distributed within two weeks after the product period ends. You will be able to login and redeem your voucher via Account > Reward Center.
- The maximum VIP level after upgrade will be VIP 4.
- Binance Savings will make adjustments to the types of supported assets, interest rates, individual limits and total subscription limits based on market conditions and our internal risk management.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.
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