🔥🚀How to make Flexible and Locked Savings💥🔥
On Binance, besides **staking**, there are two popular products to generate interest with your cryptocurrencies: **Flexible Savings** and **Locked Savings**. Both have distinct characteristics and cater to different needs. Here I explain how they work and how to use them:
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## 📌 **1. Flexible Savings (Ahorros Flexibles)**
- **Immediate liquidity**: You can withdraw your funds at any time.
- **Lower interest rates**: The rates (APY) are usually lower than those in locked products.
- **No fixed term**: Ideal if you want quick access to your money.
### 🔹 **How to subscribe to Flexible Savings on Binance**
1. **Log in** to your Binance account.
2. **Go to "Earn" → "Savings"**.
3. **Select "Flexible"** and choose the cryptocurrency (e.g., USDT, BUSD, BTC, ETH).
4. **Enter the amount** you wish to deposit.
5. **Confirm the transaction** and you’re done.
✅ **Advantages**:
✔️ 24/7 availability for withdrawals.
✔️ Low risk (no funds are locked).
❌ **Disadvantages**:
✖️ Low interest rates (e.g., ~1-5% APY, depending on the currency).
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## 🔒 **2. Locked Savings (Ahorros Bloqueados)**
- **Fixed term**: You lock your funds for a period (7, 30, 90 days, etc.).
- **Higher interest rates**: Rates (APY) are higher than in flexible savings.
- **No early withdrawal**: You cannot withdraw before maturity.
### 🔹 **How to subscribe to Locked Savings on Binance**
1. **Go to "Earn" → "Savings" → "Locked"**.
2. **Choose the crypto and the term** (e.g., USDT for 30 days at 8% APY).
3. **Deposit the amount** and confirm.
4. **Wait until maturity** to withdraw or renew.
✅ **Advantages**:
✔️ Better returns than in flexible savings.
✔️ Ideal if you do not need immediate liquidity.
❌ **Disadvantages**:
✖️ Funds inaccessible during the term.
✖️ Risk if the market falls (you cannot sell during that time).