Savings is our value-added product for flexible earnings. You can earn hourly interest, as well as deposit and withdraw your assets at any time. Assets from Savings are used to fund OKX margin loans.
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Est. rate (APY)
Frequently Asked Questions
What is savings?
Savings is our value-added product for flexible earnings. You can earn hourly interest, as well as deposit and withdraw your assets at any time. Regardless of the borrowing demand, you can get the highest interest rate. Hourly interest helps you to use your funds with the maximum efficiency. And you can earn even more with increased limits if you invest large amounts. Assets from Savings are used to fund OKX margin loans.
Why redeemed funds didn’t arrive in real time?
Assets from Savings are matched hourly and used to fund OKX margin loans. Lending cycles also last one hour, so you can get your funds back in one hour after lending, not earlier. For example, Alice deposits 1,000 USDT at 15:10 and her funds are used to fund a margin loan at 16:00. The lending cycle will last from 16:00 to 17:00. If Alice requests to redeem her funds at 16:05, she’ll be able to get them not earlier than 17:00.
How hourly interest is calculated?
Hourly interest equals the lending amount multiplied by current hourly APY (yearly APY divided by 365 and divided by 24). Note that you get 85% of the interest because 15% goes to OKX insurance fund.