What Are Binance Fixed Savings?
Binance Fixed Savings (also called Locked Products within Simple Earn) are term deposit products that offer a higher Annual Percentage Yield (APY) in exchange for committing your crypto for a specific period — typically 7, 14, 30, 60, or 90 days.
Unlike flexible savings, you cannot withdraw your principal before the term ends without penalties. In return for accepting this constraint, you receive significantly higher interest rates — often 2 to 5 times the flexible savings rate for the same asset.
This makes fixed savings ideal for long-term holders and investors who are confident they will not need access to their funds during the deposit period.
How Fixed Savings Differs from Flexible Savings
The core trade-off is simple: higher yield in exchange for lower liquidity.
| Feature | Flexible Savings | Fixed Savings |
|---|---|---|
| APY | Lower, variable | Higher, fixed for term |
| Withdrawal | Anytime | At end of term |
| Interest distribution | Daily | Daily or at maturity |
| Best for | Active traders | Long-term holders |
| Principal access | Immediate | Locked until term ends |
Fixed savings are essentially a crypto equivalent of a traditional bank certificate of deposit (CD) — you commit funds for a period and receive a guaranteed rate in return.
Available Term Lengths
Binance offers fixed savings products across multiple term lengths. The most common options are:
- 7-day term: Short commitment, moderate yield improvement over flexible
- 14-day term: Slightly higher yield than 7-day
- 30-day term: A popular balance between yield and commitment length
- 60-day term: Higher yield, suitable for funds you confidently will not need for two months
- 90-day term: Maximum typical term, offering the highest fixed rates
The optimal term depends on your confidence that you will not need the funds before the term expires.
How to Subscribe to Fixed Savings
- Log into Binance and navigate to "Earn" > "Simple Earn"
- Toggle the filter to show "Locked" products
- Search for the asset you want to deposit
- Review the available terms and their APYs
- Click "Subscribe" on your chosen term
- Enter the amount to deposit (check the minimum subscription amount for the product)
- Review the lock-up date, maturity date, and guaranteed APY
- Confirm
After confirmation, your funds are moved from your spot wallet into the fixed savings position. You will see the expected interest and maturity date displayed in your earnings dashboard.
What Happens at Maturity?
When the term ends, Binance automatically returns your principal plus all accrued interest to your spot wallet. No action is required on your part.
Many fixed savings products also offer an "Auto-Renew" option. If enabled, when the term expires, your principal is automatically rolled into a new term of the same length. This is convenient for passive long-term investors who want continuous compounding without manual intervention.
If you do not want auto-renew, make sure to disable it before the maturity date if you want to redirect your funds elsewhere.
Early Redemption: What You Need to Know
Some fixed savings products on Binance allow early redemption, but it typically comes at a cost:
- Forfeiture of all accrued interest: In many cases, requesting early redemption means you forfeit all interest earned during the deposit period
- Principal is returned: Your original deposit is always returned, even on early redemption
- Processing time: Early redemption may take 24-48 hours to process
Not all products offer early redemption. If the product you subscribe to does not support early redemption, your funds are truly locked until the term ends. Always read the product details carefully before subscribing.
Choosing the Right Term Length
Matching Your Liquidity Needs
The most important factor in choosing a term is whether you will genuinely not need the funds during that period. Ask yourself:
- Do I have enough liquid assets in flexible savings or spot wallets to cover unexpected needs?
- Am I expecting any major expenses or financial decisions in the next 30, 60, or 90 days?
- Is my crypto portfolio sufficiently diversified so that locking up this portion is acceptable?
If there is any doubt, choose a shorter term or flexible savings instead.
Market Timing Considerations
Some traders subscribe to short-term fixed savings (7-14 days) during periods of sideways price action, then exit when they anticipate a significant market move. While this approach requires market timing skill, it is a way to earn additional yield during otherwise quiet periods.
Rate vs Term Trade-Off
The difference in APY between 30-day and 90-day terms is often meaningful. For example, USDT fixed savings might offer 4% APY for 30 days but 6% APY for 90 days. Whether the additional yield justifies the longer lock-up depends on your personal situation.
Calculating Your Expected Return
To calculate your fixed savings earnings:
Daily interest = Principal x (APY / 365)
Total interest = Daily interest x Number of days
Example:
- Deposit: $5,000 USDT
- APY: 5%
- Term: 90 days
- Daily interest: $5,000 x (5% / 365) = $0.685
- Total interest for 90 days: $0.685 x 90 = $61.64
This is a guaranteed return if you hold for the full term, regardless of market conditions (since USDT maintains its dollar peg).
Fixed Savings on Volatile Assets
While stablecoins are the most popular choice for fixed savings, you can also subscribe to fixed savings products for Bitcoin, Ethereum, BNB, and other assets.
For volatile assets, keep in mind:
- Interest is paid in the same asset you deposit (not in USD)
- If the asset's price falls significantly during the term, your dollar-denominated return could be negative despite earning interest
- If the asset's price rises significantly, your interest supplements already strong gains
Fixed savings on volatile assets makes the most sense for holders who were planning to hold the asset regardless of short-term price movements.
Fixed Savings vs Staking vs Dual Investment
Binance offers multiple earn products beyond fixed savings. Here is how they compare:
- Fixed Savings: Guaranteed APY, capital returned in full, lower risk
- Staking: Earn staking rewards, requires on-chain participation, higher yields but more technical
- Dual Investment: Higher potential yield, but capital may be converted to another asset depending on market price — higher risk
Fixed savings is the most straightforward and predictable earn product for risk-averse users.
Who Should Use Fixed Savings?
Binance Fixed Savings is ideal for:
- Long-term crypto holders who believe in their assets and plan to hold regardless
- Stablecoin holders who want to earn yield on USD-equivalent assets
- Investors who want predictable returns without active management
- Anyone building a passive income strategy from crypto holdings
It is less suitable for:
- Active traders who need constant liquidity
- Anyone who might need sudden access to funds
- Those seeking the highest possible yields (DeFi protocols may offer higher yields, albeit with more risk)
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