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Earn Up to 12% APY on CAKE and USDT with Binance Savings

Earn Up to 12% APY on CAKE and USDT with Binance Savings

2021-11-10 03:56
Fellow Binancians,
Binance has added CAKE and USDT to the list of supported assets on Savings, a value-added service to Binance users who hold idle digital assets.
Flexible Savings Product Details (Subscribe now): CAKE
Currently, the new Savings Tier APY Structure is applicable to CAKE.
Details below:
Previous Structure
Savings Tier APY Structure
(Holding amount, APY)
CurrencyAPYTier 1Tier 2
CAKE5%
0 - 50 CAKE
12%
> 50 CAKE
2%
Locked Savings Product Details (Subscribe now): USDT
  • Subscription Format: First-come, first-served basis.
  • Subscription Period: From 2021-11-10 (UTC)
  • Interest Calculation Period: 2021-11-11 00:00 AM (UTC) to the end of the corresponding product period.
Digital AssetTerm to MaturityTotal CapIndividual CapAnnualized Interest RateLot SizeInterest Per Lot at Maturity
USDT30 days200,000,000 USDT10,000 USDT6%100 USDT0.4932 USDT
USDT60 days200,000,000 USDT20,000 USDT9%100 USDT1.4795 USDT
Note:
  • Subscriptions will close on the product once the maximum limit is reached.
  • APY for Flexible Products is subject to change on a daily basis.
  • 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.
  • Please refer to Binance Terms of Use prior to using any products on the Binance Savings platform.
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.
Thanks for your support!
Binance Team
2021-11-10
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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.