Fixed Investment is one of the earn products of BIB Exchange that has a range of 7 days to 3 years, in which it is particularly favorable to traders who prefer guaranteed principal and interest, high APR as well as would like to have stable income despite market risks.

Fixed Investment works in an extremely simple way that users only have to select a product at Fixed Investment page based on its currency, APR as well as duration and subscribe. Then, just rest assured for the amount to grow bigger according to its corresponding APR until the settlement date.

Below shows the profit calculation of BIB Fixed Investment:

(1) "T" represents subscription date, in which subscription orders will be processed at T+1 day 12:00 (UTC+8). Interest accrual will start right after an order is confirmed;

(2) At expiration, the system will distribute user's subscription amount after fee deduction along with the interest of final day, in which redemption amount at expiration=subscription amount+subscription amount*APR/365-subscription amount*subscription fee-subscription amount*redemption fee;

(3) Interest accrual will start the following day after subscription confirmation, in which daily interest=subscription amount*APR/365.

For instance, user A has subscribed a 7-day product with 10% APR for 1000USDT without any fee charges on January 1.

At January 2, 12:00, the system will confirm his subscription (he can choose to cancel the subscription before 10:00).

At January 3, 12:00, the system will distribute his interest of day 1 which is 1000*0.1/365=0.2739USDT.

At January 4, 12:00, the system will distribute his interest of day 2 which is 0.2739USDT.

Then, daily interest of 0.2739USDT will be distributed the following days before settlement.

At January 9, 12:00, the system will automatically redeem his subscription and distribute his initial investment amount along with last daily interest 1000+0.2739=1000.2739USDT.

Thus, the settlement amount will be received by user A is amounted to 1001.9173USDT.

As Fixed Investment involves various currencies, you may refer to the product page to have more information on the supporting currencies. Please check the page more often for new updates.

Investment products have different rules when it comes to redemption. For instance, Fixed Investment does not support early redemption and will distribute interest according to the duration stated. On the other hand, flexible savings allows redemption at anytime within the subscription period with certain amount of fee. Please be noted that BIB Fixed Investment currently does not support auto-renewal function.