Overview of Binance Locked Savings
Binance Locked Savings is the fixed-term product within Simple Earn. Users deposit crypto assets and lock them for a set period before withdrawal. In return, locked savings offer higher annualized yields than flexible savings. For users with idle crypto assets who don't need to access them in the short term, locked savings is a simple and efficient way to grow your holdings.
To explore locked savings details, register on Binance now, or download the Binance app to check the latest rates.
Lock Period Options
Binance Locked Savings typically offers multiple lock-up durations:
- 30-day: Short lock-up, moderate returns — suitable for users wanting flexible fund management
- 60-day: Medium lock-up, higher returns — balances liquidity and yield
- 90-day: Longer lock-up, even higher returns — suitable for those without urgent fund needs
- 120-day: Long lock-up, typically the highest yields — ideal for long-term holding strategies
Longer lock periods generally mean higher annualized rates. However, funds cannot be withdrawn during the lock period (or early withdrawal forfeits interest), so plan your cash flow carefully. When choosing a duration, keep some emergency funds accessible — don't lock all your assets in long-term products.
Return Levels
Using USDT as an example, locked savings annualized yields typically range between 4%-10%, depending on the lock duration and market conditions. BNB locked rates may be even higher, with occasional promotional campaigns offering bonus interest. Other major coins like BTC and ETH also have corresponding locked products with varying rates.
Compared to traditional bank fixed deposits, Binance locked savings offers a clear yield advantage. However, crypto savings carries relatively higher risk, including platform risk and coin price volatility. While your token quantity won't decrease, a significant price drop during the lock period would reduce the fiat-denominated value of your assets.
Factors affecting rates: Locked savings rates aren't fixed — they fluctuate based on market lending demand, platform fund pool size, and competition from similar products. During bull markets, strong borrowing demand typically drives higher rates; during quieter markets, rates may decline.
How to Subscribe
The process is straightforward:
- Go to the "Earn" page on the Binance app or website
- Select the "Locked" product tab
- Browse available coins and durations, comparing yields
- Select your target product and enter the subscription amount
- Carefully read the product terms, confirming the lock duration and interest rate
- Confirm subscription — funds are automatically transferred from your spot account
At maturity, principal and interest are automatically returned to your spot account. Some products support auto-renewal — enable this if you want to keep earning continuously.
Important Notes
Early redemption: Some locked products allow early redemption, but you forfeit all or partial interest. Only invest funds you won't need in the near term. Before subscribing, carefully check whether the product supports early redemption and the associated penalty terms.
Quota limits: Popular locked products may have subscription caps, and high-yield products often sell out quickly. Watch for new product launch times and subscribe promptly. Binance usually announces launch times in advance — setting reminders helps you secure good products.
Interest calculation: Interest is typically calculated daily and paid out at maturity. Some products distribute interest daily, crediting to your spot account each day. Daily-payout products make it easy to monitor your earnings.
Compounding strategy: If your product pays interest daily, you can manually or automatically reinvest daily earnings into new savings products, achieving a compounding effect. Over time, the additional returns from compounding are quite substantial.
Diversification: Don't put all your funds into a single duration or coin's locked product. Spread capital across different durations to maintain some liquidity while enjoying higher average yields.
Locked savings suits users with idle funds who don't need short-term access — it's a solid choice for steady crypto growth. During periods of high market volatility when you'd rather not trade actively, locked savings also serves as a useful "safe harbor" strategy.