Interest Account
The OVEX Interest Account is a product that enables you to earn up to 20% 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 |
|---|---|---|---|
| ZARP Stablecoin (ZARP) | 11.0% | 5000.0 ZARP | 14 Days |
| Tether (USDT) | 10.0% | 1000.0 USDT | 14 Days |
| Binance USD (BUSD) | 9.0% | 1000.0 BUSD | 14 Days |
| TrueUSD (TUSD) | 9.0% | 100.0 TUSD | 14 Days |
| USD Coin (USDC) | 9.0% | 100.0 USDC | 14 Days |
| Ether (ETH) | 5.0% | 0.1 ETH | 14 Days |
| Binance Coin (BNB) | 4.0% | 1.0 BNB | 14 Days |
| Bitcoin (BTC) | 4.0% | 0.01 BTC | 14 Days |
Request a callback for interest account deposits over R500 000. We can quote you premium rate of up to 20%.
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Interest Account successfully opened.
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Deposit successfully added.
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