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%.