Coinbase UK Launches FSCS-Backed Savings Account with 3.75% Interest
- Coinbase debuts FSCS-backed savings in the UK.
- 3.75% interest on daily GBP balances.
- A significant step blending traditional and crypto finance.
Coinbase has launched a UK savings account offering 3.75% interest, FSCS protection, powered by ClearBank, marking its first regulated savings product in the UK.
The launch signifies an innovative blending of crypto with traditional finance, enhancing Coinbase’s position in the UK’s financial market without direct impact on cryptocurrency assets.
Coinbase has launched a new FSCS-protected savings account in the UK, offering 3.75% AER interest. Powered by ClearBank, this account provides daily interest on GBP balances. This move aims to blend cryptocurrency and traditional finance in one platform.
Key figures, including Brian Armstrong and Keith Grose, have emphasized the innovation behind this launch. By collaborating with ClearBank, Coinbase aims to modernize the UK’s financial landscape. They target providing tailored products addressing local UK needs.
The launch offers daily interest, ensuring seamless transitions between fiat and crypto within the Coinbase app. UK users can now experience a traditional banking level of protection while engaging with a crypto exchange. This highlights a shift in the financial industry.
From a financial perspective, the savings account solidifies Coinbase’s foothold in the UK market. It also indicates the growing integration between traditional banking and cryptocurrency platforms. This could prompt increased stablecoin demand and fiat onboarding.
No immediate changes were observed in crypto asset values, highlighting the unique standing of this offering. The FCA has confirmed Coinbase UK Ltd.’s registration, authorizing them to offer regulated financial services, marking a pivotal point for crypto-native exchanges.
Regulatory and market trends suggest greater crypto-fiat integration in the near future. Similar past offerings by Revolut and Starling Bank have shown success. This launch underscores the potential for increased institutional involvement in cryptocurrency innovations.
“Supporting a high-interest, instant-access savings account alongside our trusted crypto platform is a step towards modernising the UK’s financial system. We’re focused on building products tailored to local UK needs that solve real pain points.” — Keith Grose, UK CEO, Coinbase, LinkedIn, Nov 11, 2025
