Coinbase launches FSCS-protected UK savings at 3.75% interest

Coinbase has introduced a UK savings account paying 3.75% interest (variable) on pound balances, starting in November for selected customers. The product is delivered through ClearBank and is eligible for Financial Services Compensation Scheme coverage up to £85,000 per person if ClearBank fails.

The account credits interest daily, supports instant deposits and withdrawals, and has no minimum balance or lockup. Access is expected to expand to all UK users in the weeks after launch, according to the company.

Coinbase describes the 3.75% rate as suited to savers who want instant access. The level is higher than many easy-access accounts from major banks and below some leading fintech offers. The rate can change in the future.

In a statement, Coinbase UK CEO Keith Grose called the launch a sign of a broader plan to build products for local needs and to become the UK’s number 1 financial app:

The launch of the Coinbase Savings Account highlights Coinbase’s commitment to offering Brits the best financial offering as an exchange for everything.

Mitesh Savjani, Coinbase UK’s product and growth lead, said the goal is to bring crypto and traditional finance together in one place. He noted that offering a high-interest, instant-access savings account alongside Coinbase’s trusted crypto exchange — featuring stablecoins and 260+ assets — marks a step toward modernizing the UK financial system.

The savings product sits alongside Coinbase Card, which enables spending from crypto, stablecoin or fiat balances, and the exchange’s broader lineup of more than 260 listed assets.

This initiative is driven by the fact that the United Kingdom remains Coinbase’s largest international market; in February, the company obtained registration with the Financial Conduct Authority (FCA) as a Virtual Asset Service Provider (VASP).