Subscribing to Locked Savings

Hello! Welcome back to our exploration of Binance Earn.

In our last lesson, we mastered the basics of Flexible Savings, learning how to deposit and withdraw funds at any time. This gave you a low-risk, highly liquid way to put your crypto to work. The key word was flexibility.

Today, we're moving one step up the ladder to explore a way to potentially earn higher returns. Our goal for this lesson is to learn how to subscribe funds to a Locked Savings product for a fixed term. We'll cover the trade-off this involves—exchanging immediate access to your funds for a better annual percentage rate (APR)—and walk through the practical steps of locking your crypto on Binance.

Part 1: What Are Locked Savings Products?

While Flexible Savings act like a standard savings account, Locked Savings are more like a certificate of deposit (CD) or a fixed-term deposit in traditional finance. You agree to "lock" your crypto assets for a predetermined period (e.g., 15, 30, 90, or 120 days), and in return, Binance offers you a higher, often fixed, interest rate.

The core concept is a simple trade-off: liquidity for yield.

You give up: The ability to withdraw your funds at a moment's notice.
You get: A higher and more predictable rate of return.

To solidify your understanding, let's start with a brief reading.

Binance Simple Earn. A Beginner's Guide to Passive Income

This article from Medium provides a clear and concise distinction between flexible and locked staking (the underlying mechanism for Simple Earn). Focus on its definition of Locked Staking.

Please read the section titled 'Flexible versus Locked Staking'. It clearly defines what 'Locked staking' is and its key difference from the flexible option we learned about previously.

Now, let's watch a video that visually contrasts the two product types within Binance's Simple Earn platform.

How to Use Binance Simple Earn - Passive Crypto Income, Staking: A Beginner's Guide (2026 Edition)

This official Binance video revisits the differences between Flexible and Locked products. Pay close attention to how they describe the terms and APR for Locked products.

Please watch these two short clips: 02:30 - 03:22: This segment directly compares Flexible and Locked products, explaining the higher APR and fixed-term nature of locked options. 05:36 - 06:02: This is a quick summary that reinforces when you would choose Locked over Flexible.

As you've seen, the duration you choose to lock your funds for often affects the APR you receive. Generally, a longer lock-up period results in a higher annual return.

Part 2: How to Subscribe to a Locked Product

The process of subscribing to a Locked Product is very similar to what you did for Flexible Savings, with the key addition of selecting a lock-up duration. Let's walk through it.

This video provides a very practical, step-by-step demonstration.

Binance Simple Earn Tutorial (How to Use Simple Earn)

This tutorial from MoneyZG shows the entire process of subscribing to a locked product. It clearly explains how to choose a duration and what the APR means in this context.

Watch the segment from 03:04 to 05:22. The creator demonstrates subscribing to a BNB locked product, explaining how to select the duration, what the Auto-Subscribe feature does for locked terms, and how to read the summary before confirming.

Now that you've seen the process, here are the official written guides from Binance for both the website and the mobile app. You can use these as a checklist when you perform your first locked subscription.

Get Started with Binance Simple Earn Locked Products

This Binance support article is your reference manual for Locked Products. It details the exact steps for subscribing on both the website and the app.

Please find and read the two sections detailing the subscription process: Under the 'Website' tab, read section '1. How to subscribe to Simple Earn Locked Products?' Then, switch to the 'App' tab and read the section with the same title: '1. How to subscribe to Simple Earn Locked Products?'

Key Details on the Subscription Screen

When you're ready to subscribe, you'll see a screen with several important details.

Binance Locked Savings Subscription Interface — This is the subscription screen for a Locked Product on Binance. You can see the different duration options (15D, 30D, etc.) with their corresponding APRs, the field to enter your amount, the 'Auto-Subscribe' toggle, and a detailed summary of your subscription.

Pay attention to:

Duration (days): You must select how long you want to lock your assets.
Est. APR: The estimated Annual Percentage Rate for your chosen duration. For many locked products, this rate is fixed for your term.
Auto-Subscribe: For Locked Products, this function is slightly different than for Flexible. If enabled, it will automatically renew your subscription for the same duration once the current term ends. The principal is re-locked, and the interest earned is sent to your Spot Wallet.
Summary: Always review the subscription date, interest end date, and estimated rewards before confirming.

After you confirm, your subscription is complete!

Binance BNB Subscription Successful Screen — A confirmation screen like this one will appear in the app after you successfully subscribe your funds to a Simple Earn product.

Part 3: The Catch — Redeeming Early

This is the most critical part to understand about Locked Products. What if you need your funds before the lock-up period is over?

You can get your principal back through a process called "Early Redemption." However, there is a significant penalty: you will forfeit all of the interest you have accrued. Your original funds will be returned to your Spot Wallet (it can take up to 72 hours), but you will receive none of the earnings.

This video explains the consequence and shows you where to find the redemption option.

Binance Simple Earn Tutorial (How to Use Simple Earn)

The same video from MoneyZG also clearly explains the process and penalty for early redemption.

Watch the clip from 05:12 to 06:16. It explains that you can redeem early but will give up all accrued interest. It then shows where to find the 'Redeem earlier' button in your Earn wallet.

Because of this penalty, you should only commit funds to Locked Products that you are confident you will not need for the entire duration of the term.

Conclusion

Great work! You now understand the second major product in the Binance Earn suite. By learning how to use Locked Savings, you've unlocked a method to potentially generate higher passive income, as long as you are comfortable with the commitment.

Key Takeaways:

Locked Savings offer a higher APR in exchange for locking your crypto for a fixed term.
The primary trade-off is sacrificing liquidity (instant access) for higher yield (returns).
You can redeem early, but you will lose all the interest earned during the lock-up period.
The Auto-Subscribe feature for locked products automatically renews your subscription for the same term upon expiry.

What's Next?

In our lessons on Flexible and Locked Savings, we've focused on the "how" – the practical steps to subscribe and earn. In our next lesson, we will explore the "why" by answering the question: What is staking and how are staking rewards generated? Understanding this fundamental blockchain concept will give you a deeper insight into where these passive income rewards actually come from.