🤑 Maximize your crypto earnings: ✍️ Beginner's guide to Binance Flexible Savings
🐖 Binance Flexible Savings is a financial product offered by Binance that allows users to earn daily interest on their assets while maintaining the flexibility to request the reimbursement of their funds at any time.
The simplicity of Binance Flexible Savings enables investors to manage their assets, check interest rates, and monitor the performance of their investments easily.
Once you subscribe to a Flexible Savings product, the necessary funds will be automatically deducted from your spot account. Within two days, you will receive daily interest payments in your spot account.
It's important to mention that the daily interest rate you receive will depend on the specific type and amount of cryptocurrencies you have chosen to invest.
✅️ In summary, this is how we calculate the daily interest rate:
Daily interest = subscription amount x estimated APR ÷ 365
When you subscribe to an asset, the interest starts being calculated from 16:00 (UTC) on the day you subscribed (called “value date”). If you subscribe after 16:00 (UTC), the interest calculation will start the next day.
The interest you earn will be deposited into your spot account every day at 16:00 (UTC) from the value date.
