Coinbase is taking another step toward blending crypto with everyday finance in the UK with the introduction of a new savings account for GBP balances.
Summary
- Coinbase is rolling out a UK savings account offering 3.75% annual equivalent rate interest, paid daily, with instant access.
- Funds are held with ClearBank and protected under the FSCS up to £85,000.
- The product deepens Coinbase’s push to operate as a regulated financial platform in the UK.
Coinbase has introduced a new savings account product for customers in the United Kingdom, offering daily interest on GBP balances with instant access and full deposit protection.
The feature will begin rolling out to selected users on Nov. 11, with wider availability planned for the coming weeks. The account is operated through ClearBank, which means balances are covered by the Financial Services Compensation Scheme up to £85,000, placing it within the same protection framework as traditional UK savings accounts.
A regulated savings product, not a crypto yield program
The account offers a variable 3.75% AER, calculated daily and paid into the user’s balance once the accrued amount reaches one penny. There is no minimum deposit, no lockup period, and withdrawals can be made instantly.
Unlike crypto lending or staking yield products, the new savings account functions as a standard regulated savings offering. Interest rates may change, especially if the Bank of England adjusts its base rate. Increases can take effect immediately, while decreases will typically be communicated with notice, unless they are directly tied to BOE changes.
Funds held in the savings account can be transferred back to a user’s GBP balance at any time and used to buy crypto, make card purchases, or be withdrawn to a bank. Interest stops accruing on days funds are withdrawn or when the account is closed, but earned interest before the withdrawal is retained.
Part of Coinbase’s larger UK strategy
The UK is already Coinbase’s largest market outside the United States. Earlier this year, the company secured its Virtual Asset Service Provider registration from the Financial Conduct Authority, allowing it to expand regulated products in the country.
The move also comes after regulatory scrutiny. Coinbase’s UK subsidiary was fined in 2024, and Coinbase Europe was fined in 2025 by the Central Bank of Ireland for past gaps in transaction monitoring and anti-money laundering controls. Coinbase has said that improvements have since been made and that the UK remains central to its long-term strategy.
The new savings feature operates alongside the Coinbase Card, stablecoin services, and access to over 260 digital assets. The company is positioning the savings product as a step toward making its platform a single financial interface that spans both traditional savings and digital assets.
