Hit your long-term targets.

Unlike Flexible Savings, which allow you to withdraw or exchange your assets anytime, Fixed-term Savings allow you to lock your digital assets for a predefined period to earn bonus interest. Assets in Fixed-term Savings cannot serve as collateral or be used for loan repayment until the term unlocks.

You will receive all interest earned for the duration of the term in a single payout at the end of the period, regardless of your payout preference (in kind or in NEXO Tokens).

If your account balance drops below $5,000 worth of digital assets while having an active fixed term, your interest-accrual will continue at the Base Loyalty Tier and without the ‘Earn in NEXO Tokens’ bonus Interest.

Before you can create a fixed term, you first need to maintain an account balance above $5,000 worth of digital assets and opt in for interest earning via your Nexo account. Once this is done, follow the steps below:

1. Open the ‘Savings Hub’ on the Nexo app dashboard.
2. Navigate to the ‘Fixed-term Savings’ tab.
3. Tap 'Create a term' and choose an asset.
4. Enter the amount you want to move to a term and confirm.

You can read more about earning interest on Nexo here.

* To start earning interest, clients in certain jurisdictions must proactively opt-in for the service in their Nexo account.

With automatic renewal, your term is prolonged for the same period once the interest payout is completed, granted your account balance at the time is above $5,000 worth of digital assets. This way, you continue to earn additional interest without any interruptions..

When your term renews automatically, by default, only the principal amount will be relocked, whereas the accrued interest will be added to your Savings Wallet

To benefit from automatic renewal you need to enable the option when creating a term for your digital assets. If your account balance is below the $5,000 threshold on the term's due date, your fixed term will be unlocked and automatically renewing it will not be available.

You can choose to relock both the principal and the accrued in-kind interest during automatic term renewal to achieve a compounding effect. To enable this option:

1. Open ‘My profile’ on the Nexo app.
2. Go to ‘Settings’ and choose ‘Savings interest preferences’.
3. Enable ‘Renewal with interest’.

Once enabled, the feature will affect all your current and future terms.