What is Binance Earn?

Binance Earn is a complete suite of financial products you can use to increase your crypto holdings. You can think of it as your crypto savings account. 

Let’s go through the main categories of Binance Earn so you can figure out which suits your investment style the best.

Flexible Savings

Flexible savings lets you earn interest on your funds. It’s really easy to use and gives you good flexibility. You can deposit your funds, earn interest, and redeem them at any time.

So, if you’re holding some money in your Spot Wallet, you can consider deposit it into a Flexible Savings account. Since you can access it any time, it’s easy to make those funds work for you while they’re not being used elsewhere.

Note that the interest will not be calculated on the day you subscribe to a Flexible Savings product. Instead, the first interest payment is calculated from the next day after your subscription.

Locked Savings

Locked Savings offer you better returns but less flexibility to access your funds. The difference here is that you’ll set a predetermined duration for your funds to accrue interest. Why is this better? Well, this will give you generally higher interest rates than Flexible Savings products since the term and interest rate are both fixed.

Locked Savings products can range from 7 to 90 days. So, if you know you won’t need some funds elsewhere for a certain period of time, you can lock them to earn at a higher interest rate.