Interest Account
The OVEX Interest Account is a product that enables you to earn up to 8.5% 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 10 000 USDT will earn up to 850 USDT in interest over a one year period.
Interest Accounts are available for the following assets:
| BUSD | TUSD | USDC | USDT | ZARP | BNB | BTC | ETH | XRP | |
|---|---|---|---|---|---|---|---|---|---|
| Minimum Balance + | 8.5 % | 8.5 % | 8.5 % | 8.5 % | 8.5 % | 1.5 % | 1.5 % | 1.5 % | 1.5 % |
| $30,000 + | 8.5 % | 8.5 % | 8.5 % | 8.5 % | 8.5 % | 1.5 % | 1.5 % | 1.5 % | 1.5 % |
| $60,000 + | 8.5 % | 8.5 % | 8.5 % | 8.5 % | 8.5 % | 2.0 % | 2.0 % | 2.0 % | 2.0 % |
| $600,000 + | 8.5 % | 8.5 % | 8.5 % | 8.5 % | 8.5 % | 2.0 % | 2.0 % | 2.0 % | 2.0 % |
| $1,200,000 + | 8.5 % | 8.5 % | 8.5 % | 8.5 % | 8.5 % | 2.0 % | 2.0 % | 2.0 % | 2.0 % |
| $3,000,000 + | 8.5 % | 8.5 % | 8.5 % | 8.5 % | 8.5 % | 2.0 % | 2.0 % | 2.0 % | 2.0 % |
| $6,000,000 + | 8.5 % | 8.5 % | 8.5 % | 8.5 % | 8.5 % | 2.0 % | 2.0 % | 2.0 % | 2.0 % |
| Minimum Balance | 1000.0 | 100.0 | 100.0 | 1000.0 | 5000.0 | 1.0 | 0.01 | 0.1 | 100.0 |
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