The OVEX Interest Account is a product that enables you to earn up to 4% annualized interest on certain cryptocurrencies, where interest is paid out in the cryptocurrency that has been deposited into the Interest Account. Interest is paid out on a daily basis at 17:00 SAST.
For example, an Interest Account with 10 BTC will earn up to 0.4 BTC in interest over a one year period.
Interest Accounts are available for the following assets:
|Asset||Annualized Interest Rate||Minimum Balance||Withdrawal Notice Period|
|Binance Coin (BNB)||4.0%||100.0 BNB||30 Days|
|Bitcoin (BTC)||4.0%||0.05 BTC||30 Days|
|Binance USD (BUSD)||4.0%||1000.0 BUSD||30 Days|
|TrueUSD (TUSD)||4.0%||1000.0 TUSD||30 Days|
|Tether (USDT)||4.0%||1000.0 USDT||30 Days|