Phemex’s Savings accounts come with two options: Fixed and Flexible Accounts. To learn more, please visit the Phemex Savings Page or read the “What are the Phemex Savings Accounts?” guide.
Fixed Savings Accounts
- Log in to Phemex.com, hover over the Earn option in the header menu, and then click on Phemex Savings.
- Scroll down to the Crypto Interest Accounts section and make sure the Fixed tab is selected (it is by default).
- Under the Duration column for your desired coin, select the 7 or 14-day duration period. Note that the estimated APY will automatically update based on the chosen period.
- Click the Subscribe button for your desired coin.
- Within the new pop-up window, you once again have the choice of adjusting the duration period.
- From the drop-down menu under the Pay with section, select whether the funds will come from your Spot Wallet or Investment Account.
- In the field under the Subscription amount section, enter the number of coins you wish to subscribe or lock into this account. NOTE: Each coin will have different minimum and maximum subscription limits.
- There is an Automatic renewal option that is enabled by default. This allows your principal + interest to be automatically subscribed into the next cycle for compounded yields. Toggle the slider button if you wish to deactivate it.
- Click the Confirm button, and your funds will be locked in the selected Fixed Savings Account, earning interest for the specified time.
Flexible Savings Accounts
- Log in to Phemex.com, hover over the Earn option in the header menu, and then click on Phemex Savings.
- Scroll down to the Crypto Interest Accounts section and make sure the Flexible tab is selected.
- Click the Transfer button for your desired coin.
- Within the new pop-up window, in the field under Transfer Amount, enter the number of coins you wish to subscribe or lock into this account. NOTE: Each coin will have different minimum and maximum subscription limits.
- Click the Confirm button, and your funds will automatically begin earning daily interest until you choose to redeem or withdraw.
For any inquiries contact us at support@phemex.zendesk.com
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