Crypto savings accounts were created because interacting with unfamiliar protocols by yourself can be confusing and complicated. For people who just want to earn some interest on their crypto and not let it just sit there, the crypto savings account may be an elegant solution. Just like a savings account with a conventional bank, the company behind a crypto savings account will lend, invest or stake your crypto on your behalf, then pay you a cut of the proceeds as regular interest payments.
Many crypto exchange like Coinbase, Binance offers crypto savings accounts as do as Nexo, Celsius, BlockFi which are crypto companies that's Deal's with Bitcoin also. And this companies differs vastly in the interest rates provided for their users and in the terms under which interest will be paid out, such as annual returns. Lockup periods.
Crypto savings accounts may offer you more favorable rates if you agree to lock up your crypto for a while, or if you hold a platform-specific token. Nexo, for instance, increases interest rates by up to 4% for holders of the platform’s governance token, NEXO. Binance and Crypto.com are among companies that offer greater interest rates to holders who lock their tokens away for months at a time; keep in mind this kind of deposit means you can’t sell that crypto in the event of a sudden downturn, means you can't sell the crypto even though the crypto companies is good down or the rate is dropping constantly.
So that's all I know about crypto savings.
Source https://pixabay.com/es/photos/finanzas-divisa-bitcoin-cripto-3333928/
Not your keys, not your coins.
Crypto in a wallet you control the keys to is the savings account.
3rd party risk will go to 100% when the shtf.