Here's the short version: Binance Locked Savings (Simple Earn Locked) offers common lock-up periods of 7/14/30/60/90/180 days, and USDT locked terms typically yield around 5-8% APY for 30 days, 6-10% for 90 days, and 8-15% for 180 days. You can't redeem directly during the lock-up period, but you can use "early redemption" to give up the interest and get your principal back. This article covers locked savings yields, lock-up rules, and who they're a good fit for. Start on the Binance Official Site and open the "Earn" menu to find locked products; app users can find it under the "Earn" tab on the Official Binance App; iPhone users who can't install it should check our iOS Installation Guide.
Locked savings pay 50-200% more APY than flexible savings, at the cost of having your funds tied up for a fixed period. If you're confident you won't need a particular sum for a while, locking it up is the most efficient way to turn idle funds into higher yield.
| Dimension | Flexible | Locked |
|---|---|---|
| Liquidity | Redeem anytime (T+0) | Can't redeem during the lock-up |
| APY | 2-5% | 5-15% |
| Minimum | 0.1 USDT | 10 USDT |
| Lock-up Period | None | 7-180 days, your choice |
| Interest Payout | Hourly | Paid once at maturity |
| Early Redemption | Not applicable | Give up interest to get principal back |
In short: flexible = liquid but modest returns; locked = tied up but higher returns.
Open the Binance app or website and log in.
Web path:
Top menu "Finance" or "Earn" → "Earn" → select the "Locked" tab.
App path:
Bottom tab "Earn" → "Locked" tab.
The page shows a list of coin-and-term combinations, each with its own APY.
The locked savings page offers filters:
Beginners should start with 30- or 60-day locked terms on mainstream stablecoins like USDT, USDC, or FDUSD.
Click into a specific product to see:
Enter your subscription amount → confirm. The system will show:
Once everything looks right, click "Subscribe." You'll need to pass email and 2FA verification. Once submitted, the assets are deducted from your spot wallet and enter locked status.
After subscribing, you can see a countdown for this order under "Earn" → "Holdings."
During the lock-up period:
At 24:00 UTC on the maturity date, settlement happens automatically:
You can withdraw, trade, or re-invest immediately once it matures.
| Step | Action | Time |
|---|---|---|
| 1 | Open the locked savings page | 30 sec |
| 2 | Filter for a product | 1-2 min |
| 3 | Review details | 1 min |
| 4 | Subscribe + verify | 2 min |
| 5 | Wait through the lock-up | 7-180 days |
| 6 | Automatic settlement at maturity | Automatic |
Based on a principal of 10,000 USDT (APY figures are typical reference values):
| Term | APY | Total Interest | Monthly Equivalent |
|---|---|---|---|
| Flexible | 4% | 400/year | 33 |
| 7 days | 5% | 9.6 | - |
| 14 days | 5.5% | 21 | - |
| 30 days | 6% | 49 | 49 |
| 60 days | 7% | 115 | 57.5 |
| 90 days | 8% | 197 | 65.6 |
| 120 days | 9% | 295 | 73.7 |
| 180 days | 10% | 493 | 82.2 |
The longer the term, the higher the APY, but the lower the liquidity.
Choosing 30-day locked over flexible earns you roughly 49-33=16 USDT extra, or about 1.6 percentage points more. Whether locking up funds for 30 days for that 1.6-point gain is worth it is up to you.
Choosing 180-day locked over rolling flexible savings for half a year earns roughly 493-200=293 USDT extra, or about 2.9 percentage points more.
Locked savings default to no redemption during the lock-up period. But Binance offers "early redemption" as a compromise option:
Example: you subscribe to a 30-day locked product, then urgently need the money on day 15. Redeeming early gets your principal back, but the interest from those first 15 days is forfeited entirely. If you hold through day 30, the interest pays out as normal.
Early redemption is a safety net — don't use it casually.
When subscribing to locked savings, there's an "auto-renew at maturity" option:
If you don't plan to touch this money for a long time, turning on auto-renewal saves you from forgetting to re-subscribe.
Keep in mind, though: the APY at renewal is a new rate, which could be higher or lower than your original one. If you want to lock in your current high APY, it's better to turn off auto-renewal and manually decide whether to re-subscribe once it matures.
Strategy 1: Laddering
Split, say, 100,000 USDT into 3-4 portions and buy 30-, 60-, 90-, and 180-day locked products with each. That way something matures every few weeks, balancing liquidity with yield.
Strategy 2: Watch for High-APY Promotions
Binance regularly runs "limited-time high-yield" products — for example, staking a new coin at 30%+ APY — but with limited quota. Watch for these pushes and subscribe as soon as they appear.
Strategy 3: Prioritize Stablecoins
When you're unsure which direction prices will move, prioritize locked terms on stablecoins like USDT/USDC/FDUSD — you won't lose out in either coin terms or fiat terms.
Strategy 4: Accumulate BTC/ETH in Coin Terms
If you're bullish on BTC/ETH long-term, lock up BTC or ETH. The extra 1-3% interest paid in coin terms each year compounds meaningfully over the long run.
Strategy 5: Avoid Locking Beyond 180 Days
Lock-ups longer than 180 days tie up funds for too long. It's usually better to do two rolling 90-day terms instead — better liquidity, and you can adjust each time based on the market.
Risk 1: Price Drops Sharply During the Lock-up
If you lock up BTC for 180 days and BTC's price is cut in half during that time, the principal you get back (which increases in coin terms) may still be worth far less in fiat terms.
Risk 2: Stablecoin Depegging
USDT/USDC are pegged to the dollar, but in extreme scenarios can briefly depeg.
Risk 3: APY Gets Revised Down
APY on newly issued products is set by market conditions and may be lower in the future. Your already-locked products keep their original rate unchanged (this is actually an advantage).
Risk 4: Platform Risk
A theoretical risk; Binance maintains the SAFU fund as a safeguard.
Risk 5: Missed Opportunities
If a sharp rally happens while your funds are locked, you can't access them to buy on the spot market — an opportunity cost.
✓ Reserve funds you won't need for at least six months ✓ BTC/ETH/BNB you plan to hold long-term ✓ A portion of your salary set aside regularly ✓ The conservative allocation in your portfolio
✗ Emergency funds (use flexible savings instead) ✗ Short-term trading capital (use flexible savings instead) ✗ Money you might need on short notice (use flexible savings instead) ✗ Unfamiliar small-cap coins (research first)
Q: Can I subscribe to the same locked product multiple times? A: Yes. You can subscribe to the same product repeatedly, and each subscription is calculated independently with its own lock-up period and maturity date.
Q: Is there a fee for early redemption? A: Most locked products don't charge a fee for early redemption but forfeit all interest instead. A small number of special products charge an additional 1-3% fee on the principal for early redemption. Check the terms before subscribing.
Q: What time exactly does a locked product settle at maturity? A: 00:00 UTC. Principal and interest are credited at that time on the maturity date.
Q: Do I owe tax on locked savings interest? A: This depends on your local tax rules. Consult a qualified tax professional for guidance specific to your situation.
Q: Can I deposit someone else's coins into locked savings? A: No. Earn products can only use assets from your own account. If it's a family member's or friend's funds, they need their own account.
Q: Does locked APY change based on the amount deposited? A: No, locked products aren't tiered — every amount settles at the same APY (unless the quota is full). This differs from flexible savings, which uses tiered rates.
Q: What's the difference between locked savings and staking? A: Locked savings is a Binance-operated earn product (Binance lends out your coins to others), while staking locks coins into the underlying blockchain for proof-of-stake validation. Staking is limited to PoS coins (ETH/BNB/SOL, etc.), while locked savings covers many more coins.
Q: Can I use assets from my futures margin for locked savings? A: No. Locked savings can only use assets from your spot wallet — futures margin and margin-borrowed assets can't be used directly.
If you're confident a sum won't be needed for six months, a good way to start is a 30-day USDT locked term — once you've experienced the full process, you can consider longer lock-ups.