Once you look at a basic example, you won’t ever forget to look for opportunities to earn compound interest again.įor those of you who aren’t quite sure what compounding is, have no fear. But even with its well-known reputation, it’s surprising how few people use it. Compound interest, or earning interest on your interest, is a storied financial concept that has helped countless people reach their financial goals. You might even remember covering it in math at school. You can let Binance Savings take care of the process for you, or choose products that are simple to compound, like Binance Staking and Fixed Savings. Use the Auto-Subscription feature on Binance Earn to automatically subscribe your accrued interest, in order to earn compound interest. If you’re already putting your money to work earning passive income, it’s also a great idea to start compounding your returns. To compound returns from Binance Staking and Fixed Savings back into those products, resubscribe as soon as the subscription time is over. The Auto-Subscription feature on Binance Earn will automatically compound your Savings and Staking yields every day to Flexible Savings. Without compounding, users can lose out on an exponential amount of returns over time. To earn compound interest, users must continually reinvest the returns from interest-bearing products like crypto savings, loans, and staking.
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