forum threadTealWealth485 posted Yesterday 11:05 PM
forum threadTealWealth485 posted Yesterday 11:05 PM
5% APR at Kraken $5
$5.00
$2.00
Good Deal
Bad Deal
Save
Share
Get Deal at Retailer
Deal Details
Kraken has increased their APR on cash stored as USDG from 4.75% to 5.00%. USDG is pegged to USD, such that 1.00 USDG = $1.00. The 5% APR requires being a Kraken+ member at $5 per month or $50 per year, with a 1 month free trial. If you maintain assets at Kraken for one year, there is also often an additional ~2% bonus that can be stacked (changes each month, see ACATS bonus terms on website).
My experience is the APR is paid out as "rewards" each week. The terms sound ambiguous about APR rate. Talking to support the rate may depend on country. I am located in United States, and support told me would receive 5%. I initially bought $5 = 5 USDG as a trial and saw the 5% APR displayed under the "Earn" tab, confirming that my rate was indeed 5%. The weekly APR rewards have been immediately available for spending and withdrawal.
Risks include the rate is not locked and may change. This is clearly a promotion to encourage persons to join Kraken and become Kraken+ members. In the time I've been a member, the rate has been well above fed/HYSA/MM/USFR/... However, the rate may suddenly decrease if Kraken suddenly decides it doesn't need the promotion to maintain/expand their membership. Another risk is Kraken is a fintech that is emphasizes crypto. They also trade stocks/ETFs and are SIPC insured up to $500k, but it's a different status from a bank or treasury product. I intentionally have maintained a balance below SIPC limit.
https://www.kraken.com/kraken-plus
My experience is the APR is paid out as "rewards" each week. The terms sound ambiguous about APR rate. Talking to support the rate may depend on country. I am located in United States, and support told me would receive 5%. I initially bought $5 = 5 USDG as a trial and saw the 5% APR displayed under the "Earn" tab, confirming that my rate was indeed 5%. The weekly APR rewards have been immediately available for spending and withdrawal.
Risks include the rate is not locked and may change. This is clearly a promotion to encourage persons to join Kraken and become Kraken+ members. In the time I've been a member, the rate has been well above fed/HYSA/MM/USFR/... However, the rate may suddenly decrease if Kraken suddenly decides it doesn't need the promotion to maintain/expand their membership. Another risk is Kraken is a fintech that is emphasizes crypto. They also trade stocks/ETFs and are SIPC insured up to $500k, but it's a different status from a bank or treasury product. I intentionally have maintained a balance below SIPC limit.
https://www.kraken.com/kraken-plus
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Kraken has increased their APR on cash stored as USDG from 4.75% to 5.00%. USDG is pegged to USD, such that 1.00 USDG = $1.00. The 5% APR requires being a Kraken+ member at $5 per month or $50 per year, with a 1 month free trial. If you maintain assets at Kraken for one year, there is also often an additional ~2% bonus that can be stacked (changes each month, see ACATS bonus terms on website).
My experience is the APR is paid out as "rewards" each week. The terms sound ambiguous about APR rate. Talking to support the rate may depend on country. I am located in United States, and support told me would receive 5%. I initially bought $5 = 5 USDG as a trial and saw the 5% APR displayed under the "Earn" tab, confirming that my rate was indeed 5%. The weekly APR rewards have been immediately available for spending and withdrawal.
Risks include the rate is not locked and may change. This is clearly a promotion to encourage persons to join Kraken and become Kraken+ members. In the time I've been a member, the rate has been well above fed/HYSA/MM/USFR/... However, the rate may suddenly decrease if Kraken suddenly decides it doesn't need the promotion to maintain/expand their membership. Another risk is Kraken is a fintech that is emphasizes crypto. They also trade stocks/ETFs and are SIPC insured up to $500k, but it's a different status from a bank or treasury product. I intentionally have maintained a balance below SIPC limit.
https://www.kraken.com/kraken-plus
My experience is the APR is paid out as "rewards" each week. The terms sound ambiguous about APR rate. Talking to support the rate may depend on country. I am located in United States, and support told me would receive 5%. I initially bought $5 = 5 USDG as a trial and saw the 5% APR displayed under the "Earn" tab, confirming that my rate was indeed 5%. The weekly APR rewards have been immediately available for spending and withdrawal.
Risks include the rate is not locked and may change. This is clearly a promotion to encourage persons to join Kraken and become Kraken+ members. In the time I've been a member, the rate has been well above fed/HYSA/MM/USFR/... However, the rate may suddenly decrease if Kraken suddenly decides it doesn't need the promotion to maintain/expand their membership. Another risk is Kraken is a fintech that is emphasizes crypto. They also trade stocks/ETFs and are SIPC insured up to $500k, but it's a different status from a bank or treasury product. I intentionally have maintained a balance below SIPC limit.
https://www.kraken.com/kraken-plus
Community Voting
Deal Score
-1
Good Deal
Bad Deal
Popular Deals
View All
$11$2860% off12-Pack Funko Bitty POP! Teenage Mutant Ninja Turtles Figures Collector Pack $11.2
1
There is no voting data on this thread
$430$60028% offMicro Center Members: AnyCubic S1 Combo Core-xy Multi-color 3D Printer $429.99
7
There is no voting data on this thread
$550$83033% offMSI THIN A15: 15.6" FHD 144Hz, Ryzen 5 7535HS, RTX 4050, 8GB DDR5, 512GB SSD $549.99
0
There is no voting data on this thread
$50$13061% offMr. Captain 3-in-1 18/10 Stainless Steel 17" Roasting Pan with Rack and Lid $49.99 + Free Shipping
0
There is no voting data on this thread
$77$13944% off$77.28*: 7-Piece Wiha Insulated Industrial Pliers and Screwdriver Set at Amazon
0
There is no voting data on this thread
Trending Deals
View All
$34$5032% off[Refurb - Excellent] Acer Chromebook 11: 11.6" 1366x768p IPS Display; 4GB RAM; 16GB eMMC; Celeron N3060 1.6GHz CPU $34 + Free Shipping w/ Prime or on $35+
14
There is no voting data on this thread
$450$90050% offLG Partner Store: 27" LG UltraGear 1440p OLED 240Hz 0.03ms Gaming Monitor $449.99
5
There is no voting data on this thread
$8.31CHIPS AHOY! Big Chewy Chocolate Chip Cookies, Chocolatey Caramel, 14 Snack Packs (1 Cookie Per Pack)~$8.31 With S&S @ Amazon
1
There is no voting data on this thread
$15$3050% offToolShop 100 Piece Screwdriver Set $15 ($13 AR) B&M $14.6
1
There is no voting data on this thread
Sam's Club Members: Purchase 4 tires (Goodyear, Pirelli, Michelin, goodrich, bridgestone) and get free installation
3
There is no voting data on this thread
Leave a Comment
1 Comment
Sign up for a Slickdeals account to remove this ad.
The great thing about crypto is that it keeps countries like North Korea afloat.
Leave a Comment