1. How is the interest for flexible-term products calculated?
The flexible-term interest rate is not a fixed value. It changes dynamically every minute based on market conditions. The interest calculation for the flexible-term depends on the rate per minute. The interest generated each minute within a day will be summed up and accumulated in your wealth assets.
2. How is the interest for fixed-term products calculated?
Fixed-term interest is estimated by averaging the total earnings after maturity over each day. This is reflected in the valuation of your wealth account.
3. Why haven't I received the flexible-term interest yet?
The flexible-term interest is automatically reinvested and used as the principal for the next period's interest calculation. As a result, it won't be directly credited to your fund account but will be reflected in the valuation of your wealth account. When you initiate a redemption, the flexible-term interest will be credited to your fund account.
4. Why haven't I received my fixed-term interest yet?
Fixed-term interest will only be automatically redeemed to your fund account upon the maturity of the term. Before then, the fixed-term interest is estimated by averaging the total earnings after maturity into daily returns, which will reflect in the valuation of your financial account.
5. Why is the flexible-term interest rate not fixed?
Market conditions change in real-time, and the efficiency of fund utilization varies every minute. As a result, the flexible-term interest rate is not fixed but rather a dynamic value that constantly changes.
BingX Wealth User Guide