How do you use a flexible savings Binance?

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.

You can choose from 7 days, 14 days, 15 days, 30 days, 60 days, or 90 days lock-up period . It varies for different coins. Also, the interest rates are higher than what is obtainable in Flexible Savings.

Yes you are still liable to losing money because if the value of the coin you staked drops then your coin values drop too and so does the APY because it is based on how much coin you saved.