Binance Savings – Earn Interest With Your Cryptos

This is another post about Binance and this time we’re going to take a look at Binance Savings. If you want to read about Binance Lending, you can check out our previous blog post here.

Binance Savings is a feature that I recently discovered as an user of Binance, and I’ve been trying it out ever since. Why not earn some interest on stablecoins, when this interest is many times better than what you can get from depositing a money in the bank.

Can You Make Money On Binance?

The simple answer is “yes”, you can. The obvious money making opportunity is by trading bitcoin and other cryptocurrencies on the Binance exchange. It’s also the best way to lose money. However, as mentioned in the introduction of this article, Binance has other features which can provide a solid return.

Binance Savings

There are two different types of services you can use: Locked Savings and Flexible Savings. Similarly to bank deposits, if you’re ready to lock your savings for a certain period of time, you’ll get a higher return.

Locked Savings

There are four different time periods you can choose when you’re using Locked Savings as a preferred option:

  1. 7 days
  2. 14 days
  3. 30 days
  4. 90 days

As the crypto market moves ten times faster compared to the rest of the world, the period you’ll have to lock your crypto to earn a higher interest rate is short as well. The time periods are similar to the loan periods at Binance Lending.

Interest rates

There are six different cryptos that you can lock on Binance to earn interest:

  1. BUSD
  2. USDT
  3. COCOS
  4. ONE
  5. EOS
  6. GXS

Current (at the time of writing this article) annualized interest rates are:

  1. BUSD – 7.88%
  2. USDT – 7.54%
  3. COCOS – 4 %
  4. ONE – 8%
  5. EOS – 3.8%
  6. GXS – 2.27%

These rates are subject to change and you can see the rates at any time on Some of the rates are very good considering that banks MAYBE pay you 0.1% interest rate these days. It’s not a bad way to earn more crypto without the risk of trading and losing them on the exchange.

Flexible Savings

Flexible Savings enable you to cancel the process and withdraw your crypto at any time. You can still earn interest, but the annualized interest rate is not as high as when your crypto is locked.

Let’s look at the available crypto for flexible savings (total 24):

  1. KAVA
  2. BUSD
  3. USDT
  4. BTC
  5. ADA
  6. ATOM
  7. BAT
  8. BCH
  9. ETC
  10. DASH
  11. EOS
  12. ETG
  13. IOST
  14. IOTA
  15. LINK
  16. LTC
  17. NEO
  18. ONT
  19. TRX
  20. XLM
  21. XMR
  22. XRP
  23. ZEC
  24. BNB

As there are so many of them, it doesn’t make sense to bring out all current interest rates, as once they change the information becomes irrelevant. However, the current annualized interest rate ranges from 0.24% for BNB to 5% for KAVA. As a side note, I’ve never heard about KAVA before, so I wouldn’t buy it just because it enables me to get 5% annualized interest.

Binance Savings Interest Rates Table
Binance Savings Interest Rates

How do you use Binance Savings?

To use Binance Savings you have to register a Binance account. As the Binance exchange is easily one of the best around, and if you’re new to crypto without an existing exchange account, it does make sense to register your account anyway.

Once you’ve registered your account on Binance you can navigate to “Finance” on the top menu bar, and you can find Binance Savings from the drop-down as the first option. Before you do that, don’t forget to buy the crypto on the Binance exchange which you want to use to earn interest.

My personal preference is to earn interest on stablecoins like BUSD and USDT, of which I prefer the former. As the Locked Savings require short-term commitment, it’s easily the best choice for me. There’s no reason for me to keep EUR or USD currency on my bank account, only to be eaten by the inflation during the unlimited QE. It’s far better to earn 10% interest on my holdings, and be one step ahead of the inflation.


It’s great to see Binance pushing different financial products to the market. Crypto and are both here to stay, and we believe it’s the best platform on the market.

To some extent, due to the current economic environment with all the money printing, it could actually be safer to hold the majority of the assets in currency-pegged stablecoins (if you don’t want to be all in bitcoin). Why? If things start to go bad, you can quickly exchange your stables to BTC or ETH on the exchanges, as cryptos will be one of the few assets where people will run to in the worst case scenario (due to easy access).

Go check Binance out, register your user at Binance, and start earning crypto while you sleep.