How to use the Binance savings feature

Binance Savings lets users earn daily interest on crypto like BTC, ETH, and USDT through flexible or locked deposits, with automatic payouts and no manual claims at maturity.

Aug 13, 2025 at 11:36 am

Understanding Binance Savings and Its Benefits

The Binance Savings feature allows users to earn interest on their cryptocurrency holdings through flexible and locked-term deposit options. This service enables both novice and experienced traders to utilize idle assets instead of letting them sit in wallets without generating returns. By participating in Binance Savings, users can earn daily interest in the form of the same cryptocurrency they deposit. The platform supports a wide range of digital assets including BTC, ETH, BNB, USDT, and BUSD, among others. Interest rates vary based on the asset, demand, and whether the product is categorized as Flexible Savings or Locked Savings.

Flexible Savings lets users deposit and withdraw funds at any time, with interest calculated hourly and distributed daily. In contrast, Locked Savings requires users to commit their assets for a fixed period—options include 7, 14, 30, or 90 days—with generally higher interest rates. Early withdrawal from a locked product is not permitted. The annual percentage yield (APY) is displayed clearly for each product, helping users compare potential returns before committing.

Accessing the Binance Savings Dashboard

To begin using Binance Savings, log in to your Binance account via the official website or mobile application. Navigate to the “Finance” section located in the main menu. From there, select “Savings” to access the dedicated dashboard. This interface displays available products, current interest rates, and your existing holdings in both Flexible and Locked categories. Ensure your account has completed identity verification (KYC), as this is required to access savings features.

On the Savings dashboard, users can filter assets by type—stablecoins, major cryptocurrencies, or altcoins. Each asset card shows the flexible interest rate, available quantity, and subscription limits. For locked products, additional details include lock-up duration, expected APY, and total slots available. The platform updates interest rates frequently based on market demand, so checking the dashboard regularly helps identify optimal opportunities.

Subscribing to Flexible Savings Products

To subscribe to a Flexible Savings product, follow these steps:

• Locate the desired cryptocurrency on the Savings dashboard
• Click the “Subscribe” button next to the asset
• Enter the amount you wish to deposit, ensuring it meets the minimum threshold (often as low as 0.0001 BTC or 1 USDT)
• Confirm the subscription using your SPOT wallet balance
• Accept the terms and complete any required 2FA or email/SMS verification

Once confirmed, the funds are moved from your Spot Wallet into the Flexible Savings account. Interest begins accruing within the same hour, and payouts are distributed daily at 00:00 UTC. The interest earned is credited directly to your savings balance and can be reinvested or withdrawn at any time. There is no penalty for withdrawal, and processed amounts return to your Spot Wallet almost instantly.

Participating in Locked Savings with Higher Yields

Locked Savings offers higher returns in exchange for temporarily immobilizing assets. To participate:

• Browse the Locked Savings section on the dashboard
• Choose an asset and preferred duration (e.g., 30-day BNB lock)
• Click “Subscribe” and enter the amount, making sure it does not exceed the available subscription quota
• Review the estimated interest and maturity date
• Confirm the transaction using 2FA or biometric authentication

Upon subscription, the selected cryptocurrency is locked and no longer accessible until the term ends. Interest is calculated daily based on the initial principal and credited in full upon maturity. For example, if you lock 100 BUSD at a 5% APY for 30 days, you will receive 100 BUSD plus the accrued interest at the end of the term. The subscription quota resets periodically, so high-demand products may sell out quickly. Setting up price alerts or checking early in the day increases the chance of securing a spot.

Withdrawing and Managing Your Savings

Managing your savings involves monitoring active subscriptions and initiating withdrawals when needed. For Flexible Savings, withdrawals are straightforward:

• Go to the “Savings” dashboard
• Find the asset under “Flexible Savings”
• Click “Redeem” and choose between “Fast” and “Normal” options
• Fast redemption is available for most assets and completes within minutes, though it may offer a slightly lower interest rate for that day
• Normal redemption takes 24 hours but ensures full daily interest eligibility

Enter the amount to withdraw and confirm with 2FA. Funds return to your Spot Wallet and can be traded, withdrawn, or used elsewhere on the platform. For Locked Savings, no early redemption is allowed. Users must wait until the maturity date, after which the principal and interest are automatically transferred back to the Spot Wallet. It is essential to track maturity dates manually or use calendar reminders to plan subsequent moves.

Maximizing Returns with Strategic Use of Binance Savings

To optimize gains, users should consider several strategies. Allocate stablecoins like USDT or BUSD to Flexible Savings during periods of high volatility to preserve value while earning passive income. Monitor the interest rate trends for assets like BNB or ETH, which often spike during promotional campaigns or network upgrades. Diversify across multiple assets to balance risk and return.

Consider using auto-subscription for Flexible Savings, which automatically invests idle balances above a set threshold. This feature reduces manual effort and ensures funds are consistently working. For long-term holders, pairing Locked Savings with dollar-cost averaging (DCA) plans can enhance overall portfolio yield. Always review the subscription limits and availability before acting, as high-demand products may close early.

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Frequently Asked Questions

Can I earn interest on multiple cryptocurrencies simultaneously in Binance Savings?

Yes, you can subscribe to Flexible and Locked Savings products for multiple cryptocurrencies at the same time. Each asset operates independently, allowing you to hold BTC in Flexible Savings, lock ETH for 30 days, and also deposit USDT—all within the same account.

What happens if I don’t have enough balance in my Spot Wallet when subscribing?

If your Spot Wallet lacks sufficient funds, the subscription will fail immediately. Ensure the required amount is available before initiating the process. You can transfer funds from other wallets or deposit cryptocurrency directly to your Spot Wallet prior to subscription.

Is there a limit to how much I can subscribe to in Flexible Savings?

Each cryptocurrency in Flexible Savings has a maximum subscription limit per user, which varies by asset and is subject to change based on liquidity. For example, USDT may allow up to 1,000,000 units per user, while lesser-known tokens may have lower caps. These limits are displayed on the subscription page.

Do I need to manually claim interest from Locked Savings upon maturity?

No action is required. Upon maturity, both the principal and interest are automatically transferred back to your Spot Wallet. You will receive a notification, and the funds become available for use immediately without additional steps.