ICONFi Fixed Savings FAQs
1. Does ICONFi really give 11% interest on USDC?
Actually it is 11.63% (APY) if you use 180 Days of Fixed Savings on ICONFi. Unlike many other Crypto savings platforms, ICONFi does not have a Tier system, offering the real Fixed rates regardless of the amount of crypto you put into. Check out the ICONFi interest calculator on the website and see how much interests you will get.
2. Is it really compounding interest?
ICONFi users can see how their interests are growing thanks to the compound system. Interests will be distributed 6 times a day (every 4 hour) and the amount of interests are gradually increasing.
3.Can I withdraw interests in the middle of Fixed period?
On ICONFi Fixed savings, you receive the principle and the interests all together when your Fixed savings period is completed. You cannot withdraw the interests in advance.
4. My Fixed Savings product was renewed automatically. Can I cancel it?
Unfortunately, when you turned on the Auto-Renewal button, you got the message saying the Auto-Renewal button could be deactivated until 5 days before the completion date of your Fixed savings product. Please make sure you turn off the Auto Renewal Button at least 5 days before the completion date if you do not want to renew the Fixed savings product.
5. How can I withdraw when the Fixed savings product is completed?
Users don’t need to do anything but wait to receive the principle and interests on the Flexible account. All completed Fixed savings will be automatically sent to Flexible accounts where users can receive 3.5% compound interests without lockup period on their USDT and USDC.
If you have any questions or feedback, please open a ticket at #support channel on https://discord.gg/YdWsjaW8Eh.
ICONFi is a digital asset savings platform that provides simple and intuitive earn products so that anyone can easily multiply crypto assets. ICONFi aims to simplify the complicated processes often associated with crypto assets and offers a sleek, straightforward user interface which supports saving, staking and airdrop activities at the palm of your hand.