System maintenance from 23:50 UTC to 00:10 UTC each day, during which subscription and redemption are not supported.
Flexible Products timeline
Interest starts accruing from the day after you Subscribe and will be distributed to your Spot Wallet the day after it is accrued (the third day after you Subscribe), between 00:00 UTC and 08:00 UTC. It is rounded down to 8 decimal places.
Interest Calculation Rule
Lock assets for a fixed period of time in return for higher rewards.
On the redemption date, the principal will automatically be transferred to your Spot wallet.
Different levels of APR according to the deposit amount in the Flexible Products.
Hassle-free automatic subscription for Flexible or Locked.
Auto-Subscribe enables Binance to automatically subscribe for Flexible products, with all the assets in your Spot Wallet at 02:00 (UTC) and 16:00 (UTC) every day. Locked products will be resubscribed to the same product when the locked period ends.
Flexible & Locked
How does Simple Earn work?
Simple Earn allows users to earn daily rewards by depositing assets, either for flexible-term or locked-terms.
When will I start earning?
The first distribution of Rewards to your Spot wallet will be on the third day after you Subscribe, between 0:00 UTC to 08:00 UTC.
How are the daily rewards calculated?
Rewards=your deposited assets*APR/365
*APR is subject to change, and may change on a daily basis.
What happens if I redeem my Locked Products early?
You can redeem your assets anytime. But if you do this before the locked period ends, you’ll lose all rewards you have accrued. Any rewards recorded in your Spot wallet will be deducted from the asset you deposited, when you withdraw them.
What is the difference between Fast Redemption and Standard Redemption for flexible-term products?
If you elect to redeem using Fast Redemption:
Rewards will not be accrued or distributed to your Spot wallet for the day that you elect to redeem; and your saved assets will be returned to your Spot wallet immediately;
If you elect to redeem using Standard Redemption:
Rewards will be accrued and distributed to your Spot wallet for the day that you elect to redeem; and your saved assets will be returned to your Spot wallet within 24 hours of your request.
I have elected to automatically re-subscribe to Locked Products, when will rewards begin to accrue and be distributed?
The day your locked-term product expires, you will automatically re-subscribe to the same product and start to accrue interest immediately. Rewards will be distributed to your Spot wallet the next day.
Where can I find more information
For more information, please see our terms & conditions which can be accessed here.