Kraken Launches Fixed Rate Rewards With Up to 6% APY

Kraken has introduced Fixed Rate Rewards, a new addition to its Kraken Earn platform that lets eligible clients lock in a fixed yield of up to 6% APY on cash and stablecoin balances.

Announced on 3 September 2026, the product is built around predictability: clients choose a term, agree on a rate, and keep that rate for its entire duration, with rewards compounding weekly into their allocation.

How Fixed Rate Rewards Work Clients select a lockup term of three, six, twelve or eighteen months, with longer terms generally carrying higher rates. Once a rate is locked in, later market movements affect only new allocations, not the one already committed.

Rewards compound weekly, and an opt-in auto-renew feature rolls balances over at maturity using the prevailing rate for the same term; if auto-renew is switched off, funds are simply returned when the term ends.