Coinbase is launching a UK savings account product powered by Clearbank that will be available to some users in the UK from November 11.
According to Coinbase, this Coinbase savings account will allow eligible UK users to earn an annualized variable rate (AER) of 3.75% on their sterling savings balance, with interest paid daily; the account supports instant deposits and withdrawals, with no minimum balance requirements and no lock-up period.
In addition, Coinbase savings accounts are also protected through the UK Financial Services Compensation Scheme (FSCS): if the account service provider encounters an operational crisis, the user can receive compensation of up to 85,000 pounds sterling (about 112,000 US dollars) for the balance of the account, which is consistent with the protection standard provided by traditional British banks.
Coinbase launches savings account in the UK, offering 3.75% interest rate and FSCS deposit protection
2025-11-11 00:06:52
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