What is savings on Binance?

Locked Savings In Binance You can lock your funds on Binance for a varying interest rate based on the number of days your funds remain locked on the exchange . For instance, you can lock your funds in the form of BUSD, USDC, or USDT for 7 days for a 4.5% AIR, or 90 days for a 5.1%.

Any crypto you put into a Flexible Savings product will earn rewards according to the tier it’s in . For example, imagine you have BTC you’d like to invest in Flexible Savings. Your first 0.05 BTC will earn 3% rewards. You’ll then earn 1% rewards on your bitcoin above 0.05 BTC up to and including 0.5 BTC.2 Kas 2021

Without compounding, users can lose out on an exponential amount of returns over time . The Auto-Subscription feature on Binance Earn will automatically compound your Savings and Staking yields every day to Flexible Savings.20 Ara 2021