1.What are Flexible Savings?
Flexible Savings is your Crypto savings account. Subscribe your crypto to earn interest, with the flexibility to redeem your funds at any time.
2.What are Locked Savings?
Committed to holding your crypto? Now you can earn interest at the same time! Subscribe your crypto to locked savings periods for higher interest earnings.
3.What happens to my funds on the day I subscribe to a Locked Savings product?
On the day of subscription, Binance Savings will deduct the funds for subscription from your exchange wallet.
4.What happens to my funds when I subscribe them to a flexible savings product?
After subscribing, you will receive Flexible Savings assets. Interest calculation starts on the second day.
5.What happens to my funds on the value date of a Locked Savings product? On the value date, Binance Savings will distribute the Locked Savings product to your savings wallet, and your saving product will start to accrue interest.
6.What happens to my funds on the redemption date of a Locked Savings product?
On the redemption date, you will see both the initial tokens committed to the subscription and the interest accrued in your Binance account ‘balances’. This process will be automatic.
7.If I subscribe to a flexible savings product, when can I redeem my funds?
Support redemption at any time.(Except 07:50-08:10 HKT daily.)
You can visit Binance.com for more information, savings with binance is totally free and save no sell or buy but get returns on your saved coins monthly Don't forget to drop your comment if this article is useful
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