If you have crypto you won't need for a while, locked savings can give you higher returns than flexible savings. Register a Binance account to check the latest locked savings products, and get the Binance APP to subscribe and manage your locked savings anytime.
What Is Binance Locked Savings
Binance locked savings is the "Locked" option within Simple Earn products. You deposit crypto into a fixed-term product, earn higher yields than flexible savings during the lock-up period, and receive your principal plus interest automatically when the term ends.
Think of it like a bank fixed deposit — trading flexibility for a higher interest rate.
Lock-Up Periods
Binance locked savings offers multiple term options:
- 7 days
- 30 days
- 60 days
- 90 days
- 120 days
- 180 days (supported for some coins)
Generally, longer lock-up periods offer higher yields.
How Much Can You Earn
Here are reference APY ranges for popular coins (actual rates are shown in real time on Binance):
USDT Locked Savings:
- 30 days: About 4%–8%
- 60 days: About 5%–10%
- 90 days: About 6%–12%
- 120 days: About 7%–15%
BTC Locked Savings:
- 30 days: About 1%–3%
- 60 days: About 2%–5%
- 120 days: About 3%–6%
ETH Locked Savings:
- 30 days: About 2%–4%
- 60 days: About 3%–6%
- 120 days: About 4%–8%
Special note: Binance frequently offers limited-time high-yield promotions where certain coins may far exceed the above ranges, but typically with quota limits.
Calculating Actual Returns
Formula: Returns = Principal x APY x Lock-up days / 365
Example 1: 10,000 USDT locked for 30 days at 6% APY
- Returns = 10,000 x 6% x 30 / 365 ≈ 49.3 USDT
Example 2: 1 BTC locked for 90 days at 3% APY
- Returns = 1 x 3% x 90 / 365 ≈ 0.0074 BTC
Example 3: 10 ETH locked for 120 days at 5% APY
- Returns = 10 x 5% x 120 / 365 ≈ 0.164 ETH
How to Subscribe
Step 1: Open the Binance APP and go to the "Earn" page
Step 2: Select the coin you want to deposit
Step 3: Tap the "Locked" tab to view available terms and corresponding rates
Step 4: Choose the right term and enter your subscription amount
Step 5: Confirm the subscription terms (including whether to auto-renew at maturity)
Step 6: After confirming, funds transfer from your spot wallet to the locked product
What Happens at Maturity
Auto-redemption: Principal and earnings automatically return to your spot wallet.
Auto-renewal: You can select "Auto-renew at maturity" when subscribing. When the term ends, principal plus earnings automatically enter the next cycle. If you don't want to renew, remember to disable this option beforehand.
Early Redemption
Most locked savings products support early redemption, but at a cost:
- Accrued earnings will be forfeited (partially or fully)
- Some products may charge a small fee
- Funds typically arrive 1–2 days after early redemption
Tip: If you're unsure about locking for the full term, choose a shorter period, or split your funds across different terms.
Locked vs Flexible Savings
| Feature | Flexible Savings | Locked Savings |
|---|---|---|
| Yield | Lower | Higher |
| Flexibility | Deposit/withdraw anytime | Fixed term |
| Minimum subscription | Usually none | May have minimums |
| Risk | Low | Low (but with liquidity constraints) |
| Best for | Short-term idle funds | Medium-term idle funds |
Strategy Tips
Laddered Approach
Split your funds across different terms:
- 1/3 into 30-day locked
- 1/3 into 60-day locked
- 1/3 into 90-day locked
This way, a batch of funds matures every month — enjoying higher rates while maintaining periodic liquidity.
Rolling Strategy
When one term matures, immediately subscribe to a new one. Use the "Auto-renew" feature to automate this.
Flexible + Locked Combination
Keep some funds in flexible savings (for emergencies) and put the rest in locked savings for higher returns. Keeping 20%–30% of total funds in flexible savings is recommended.
Important Notes
- Watch quotas: Popular locked products often sell out quickly — subscribe early when you see good rates
- Rate lock-in: The rate at subscription is your rate for that term — it won't change with the market
- Coin selection: Stablecoin locked savings is the safest (no coin price volatility risk); other coins require considering price risk
- Compound strategy: Reinvesting principal plus interest at maturity creates meaningful compound growth over time
- New user bonuses: Newly registered users often get extra rate boost coupons for locked savings — don't forget to use them
Locked savings is one of the closest things to "effortless earning" in the crypto world. With smart planning of lock-up terms and fund allocation, you can earn solid passive income while maintaining reasonable liquidity.