What Are Fixed-Term Products?
Compared to flexible products, fixed-term products offer users higher returns. They allow you to use idle crypto assets to generate passive income and earn higher returns within a set period. Unlike flexible products, which can be withdrawn at any time, fixed-term products lock your assets for a fixed term in exchange for a better interest rate.
Main Advantages
- Low Risk: Your principal is secure, and earnings are paid in the same asset.
- High Yield: Returns are higher than simple earn flexible products.
- Diverse Investment Options: Depending on the asset type, you can choose from multiple term options such as 7, 14, 30, or 60 days.
After a successful subscription, your funds will be locked in the fixed-term account and interest will start accruing on the next day (D+1).
How Do Fixed-Term Products Work?
Interest Calculation and Payment
Interest begins to accrue from D+1 day (the day after subscription). There are two payment methods:
- Daily Payment: Interest is credited daily to your spot account.
- Payment at Maturity: Interest is paid in full at the end of the lock-up period.
Redemption and Early Redemption
- At maturity, your principal and earned interest will be automatically returned to your spot account.
- Some simple earn fixed-term products allow early redemption, but penalties may apply.
- Subscription terms vary by asset. Please be sure to review details before subscribing.
Total Interest Calculation Formula Total Interest = Subscription Amount × APR × Lock-up Days ÷ 365
Example:
If you subscribe to a fixed-term product with an amount of 1000 USDT, a term of 30 days, and an annual interest rate of 8%: 1000 × 8% × 30 ÷ 365 = 6.57 USDT. At maturity, you will receive 1006.57 USDT (principal + interest).
Frequently Asked Questions
1. When does interest start accruing after subscribing to a fixed-term product?
Interest starts accruing the day after your subscription (D+1).
2. Can I withdraw funds before the lock-up period ends?
Some simple earn fixed-term products allow early redemption, but penalties may apply.
3. What happens when my simple earn fixed-term product matures?
Your principal and interest will be automatically returned to your spot account.
4. Is my principal safe?
Principal is secure and will be fully returned at maturity.