How to redeem a locked savings product early on Binance Earn?

Early Redemption Mechanics

1. Users may initiate early redemption for Locked Savings products directly through the Binance Earn interface under the 'Locked Products' tab.

2. A confirmation dialog appears showing the exact amount of accrued interest that will be forfeited upon early withdrawal.

3. Once confirmed, the principal is returned to the user’s Spot Wallet within one business day, regardless of original lock duration.

4. Interest calculation stops at the moment the redemption request is processed—not at the time of submission.

5. No penalty fee is charged beyond the loss of unaccrued interest; however, no pro-rata interest is credited for partial holding periods.

Eligibility Restrictions

1. Assets held in promotional or campaign-specific Locked Savings (e.g., NIGHT reward-eligible subscriptions) are subject to additional eligibility checks before early redemption is permitted.

2. Accounts flagged for regulatory review or restricted by jurisdictional compliance rules cannot execute early redemptions until status is resolved.

3. Locked Savings products backed by third-party lending protocols may impose protocol-level delays, though Binance absorbs such latency for UX consistency.

4. Redemption requests submitted during system maintenance windows are queued and processed after service restoration without manual re-submission.

5. Users with overdue KYC verification or incomplete identity documents receive an immediate rejection notice upon attempting early redemption.

Interest Forfeiture Rules

1. Accrued interest up to the previous full day remains credited and visible in the transaction history but is not transferred during early redemption.

2. The forfeiture applies uniformly across all supported assets—BNB, USDT, BTC, ETH—even when APY tiers differ significantly between them.

3. No compound interest is lost separately; only simple daily accruals corresponding to unexpired days are voided.

4. In cases where multiple snapshots were taken for reward distribution (e.g., NIGHT airdrop qualification), early redemption does not invalidate previously captured snapshot balances.

5. Interest calculations follow UTC+0 timezone alignment, meaning redemption timing relative to midnight UTC determines whether same-day accrual is retained or forfeited.

Post-Redemption Asset Handling

1. Redeemed principal automatically lands in the user’s Spot Wallet with zero gas fees or network charges applied by Binance.

2. If the original deposit originated from a cross-chain transfer, the redemption returns the asset on the same chain—no bridging or conversion occurs.

3. Redepositing the same asset into another Locked Savings product immediately after redemption triggers a new interest accrual cycle starting from T+0.

4. Historical redemption records remain permanently accessible in the 'Transaction History' section under the Earn tab with timestamp, asset, amount, and forfeited interest fields.

5. Auto-renewal settings are disabled upon any early redemption action and require explicit re-enabling by the user.

Frequently Asked Questions

Q: Does early redemption affect NIGHT token eligibility?Early redemption does not erase prior snapshot-based NIGHT eligibility. Rewards are determined solely by holdings observed during March 16–24, 2026, irrespective of subsequent actions.

Q: Can I redeem only part of my locked position?No partial redemptions are supported. The entire locked amount must be withdrawn as a single unit.

Q: Is there a cooldown period before re-locking redeemed assets?No cooldown exists. Users may subscribe to new Locked Savings products instantly after funds appear in their Spot Wallet.

Q: What happens if I submit two early redemption requests simultaneously?The system processes only the first valid request. Subsequent identical requests return an error stating “Redemption already initiated” with no duplicate processing.