Coinbase has announced that eligible users in the United Kingdom will soon have access to a new savings account powered by ClearBank. This account will offer a 3.75% AER (variable) interest rate, paid daily on balances held in British pounds (GBP). Deposits are protected by the Financial Services Compensation Scheme (FSCS) for up to £85,000 across all ClearBank accounts, providing the same level of protection as traditional high street banks. With instant access and no lockup period, Coinbase is positioning itself as the first UK crypto exchange to offer a regulated savings account.
A Bridge Between Crypto and Traditional Finance
For many individuals in the UK, managing both cryptocurrency and fiat savings often necessitates the use of multiple platforms. Coinbase aims to simplify this by offering a new savings account that combines the accessibility of modern fintech with the security of traditional banking. ClearBank, a fully licensed UK bank, provides the regulated infrastructure for this product, ensuring that user funds are protected and compliant with British law.
This offering is notable for its simplicity, featuring no minimum balance requirement. Interest is calculated and paid daily, allowing users to earn steady returns without long-term commitments. This instant-access savings model has gained significant traction in the UK, particularly as inflation and rising living costs prompt individuals to seek better returns on their idle cash.
Big unlock for our users in the UK – earn interest daily on your GBP savings (3.75% AER).
Eligible deposits up to £85k are FSCS protected, like any other UK bank account. Powered by partnership w/ @clear_bank.
Instant access, and it’s simple to swap into crypto when you want. pic.twitter.com/fezFCm3uCn
— Brian Armstrong (@brian_armstrong) November 11, 2025
According to Moneyfacts, the average UK instant-access savings rate in late 2025 is approximately 2.9%. Coinbase's offer of 3.75% is competitive, even when compared to traditional banking standards. By integrating this savings feature within its crypto exchange, Coinbase provides users with a single platform to manage both their digital and fiat assets, a feature not currently offered by other crypto exchanges.
A Step Forward for Coinbase in the UK
The United Kingdom represents Coinbase's largest international market, and this new savings account launch underscores the company's commitment to regulated growth. Earlier in 2025, Coinbase secured its Virtual Asset Service Provider (VASP) registration from the Financial Conduct Authority (FCA), establishing it as the largest UK-registered crypto exchange. This regulatory foundation has facilitated the introduction of the new savings product, which adheres to local banking regulations while maintaining a focus on crypto accessibility.
This strategic move aligns with a broader industry trend where cryptocurrency exchanges are evolving into comprehensive financial platforms. Beyond the core functions of buying and selling cryptocurrencies, users can now engage in saving, earning interest, and investing within a single, secure ecosystem.