Interest calculation rule -The interest amount is calculated and
distributed daily based on your available flexible savings assets.
The interest amount is rounded down to 8 decimal places.
Interest Calculation Rule
Flexible Savings timeline - Flexible Savings product
subscriptions are closed during 23:50-00:10 (UTC) daily.
No interest is accumulated on products purchased on the day of
subscription. Interest is calculated the next day.
Flexible Savings timeline
No more Flexible Savings products
Flexible deposits, higher profits
No more Locked Savings products
Limited supply, higher demand
No more activity products
No more Locked Staking products
1.What are Flexible Savings?
Flexible Savings is your Crypto savings account. Subscribe your crypto to earn interest, with the flexibility to redeem your funds at any time.
2.What are Locked Savings?
Committed to holding your crypto? Now you can earn interest at the same time! Subscribe your crypto to locked savings periods for higher interest earnings.
3.What happens to my funds on the day I subscribe to a Locked Savings product?
On the day of subscription, Binance Savings will deduct the funds for subscription from your exchange wallet.
4.What happens to my funds when I subscribe them to a flexible savings product?
After subscribing, you will receive Flexible Savings assets. Interest calculation starts on the second day.
5.What happens to my funds on the value date of a Locked Savings product?
On the value date, Binance Savings will distribute the Locked Savings product to your savings wallet, and your saving product will start to accrue interest.
6.What happens to my funds on the redemption date of a Locked Savings product?
On the redemption date, you will see both the initial tokens committed to the subscription and the interest accrued in your Binance account ‘balances’. This process will be automatic.
7.If I subscribe to a flexible savings product, when can I redeem my funds?
Support redemption at any time.(Except 07:50-08:10 HKT daily.)
8.How do I redeem my funds from a flexible savings product?
Click on “Savings Assets” on the “Wallet” dropdown. Select “Flexible Savings” & click on “Redeem” under the “Operations” tab on the product you wish to redeem.
9.What is the difference between standard redemption and fast redemption?
Using the standard redemption method, you can redeem your funds the next day and still accrue interest for the period in between.Using the fast redemption method, you may redeem your funds the same day. This method is subject to a daily quota.
10.How often do I receive interest from a flexible savings product?
The interest from flexible savings products is distributed directly to your account on a daily basis.
11.Am I guaranteed to earn interest on Binance Savings products even if the crypto markets go down?
Yes. The interest rate on each product is guaranteed.
12.Are BNB that are subscribed to a Binance Savings product included in the snapshot calculation for Binance Launchpad?
Yes, the full balance of BNB subscribed to any Binance Savings product will count towards the snapshot calculations for Binance Launchpad. That means you can participate in Binance Launchpad while earning interest on your holdings! Win-win!
13.Will Binance Savings continue to add more products & support for tokens other than those currently available?
Yes, Binance Savings will be constantly evaluating new coins/tokens to be supported as saving products. Products will be supported based on demand and delivering the best value to Binance Savings users.
14.How is the average annual return (APR) calculated?
The average annual return (APR) uses the average daily interest rate from the past 7 days, multiplied by 365.