What are Flexible Savings Products?
Savings is a financial product that Binance provides for his users to lend and earn interests. Users can lend his/her idle crypto assets to Binance Margin, and get interests.
Flexible Savings is your Crypto savings account. Subscribe your crypto to earn interest, with the flexibility to redeem your funds at any time and convenience of daily interest and real-time funds credit.
What are the terms of Flexible Savings products?
Average annual return: The average annual return (APR) uses the average daily interest rate from the past 7 days, multiplied by 365. It is a reference to the daily interest you are entitled to, but not exactly the same as the actual interests.
Interest per thousand: The daily interest of per thousand crypto assets based on the latest daily interest rate.
About Subscription and redemption
About automatic subscription (new function)
The interests of Binance Savings come from the income of Margin. Binance will calculate and distribute the income according to the platform’s rules.
Binance Savings calculates and distributes the interests of Flexible Savings products have accrued the previous day to your exchange wallet.
Total interest daily = the distributable income/ total subscribed today
Minimum accountable interests
Interest earned is distributed daily. The amount is based on the number of redeemable tokens. The interest amount is rounded down and goes to 8 decimal places.
Total interest earned and today’s interest earned
The total interest earned on the Assets page is the cumulative interest you have earned through Savings.