Coinbase has launched a new instant access savings account for UK customers, allowing users to earn 3.50% AER on uninvested cash held within the Coinbase app. The new savings feature is powered by ClearBank and is available to eligible UK customers from January 2026.
The account sits alongside a customer’s existing GBP balance on Coinbase and is designed to give crypto users a place to earn interest on cash without needing to move funds outside the app. Interest is paid daily, there is no minimum deposit, and users can add or withdraw money instantly.
Coinbase’s move comes as crypto platforms in the UK increasingly try to blur the lines between traditional banking and digital asset services, offering regulated savings features alongside trading, staking, and stablecoins.
Coinbase savings account interest rates
The Coinbase Instant Access Savings Account pays 3.50% AER (variable), with interest calculated and paid daily. Funds can be moved freely between a customer’s standard GBP balance and their savings balance, making it more flexible than fixed-term savings products.
While the rate is competitive compared with many high-street banks, it currently sits below the very top easy-access savings rates available from specialist savings providers. However, Coinbase’s appeal is convenience for users who already hold cash or crypto on the platform and want to earn interest without opening a separate savings account elsewhere.
Are your savings safe with Coinbase?
Savings held in the Coinbase Instant Access Savings Account are FSCS protected up to £120,000, not the standard £85,000 limit most UK savers are used to.
That’s because Coinbase uses multiple segregated accounts at ClearBank, meaning eligible deposits can benefit from enhanced FSCS coverage when spread across more than one safeguarded account. Importantly, FSCS protection applies only to the savings account, not to cryptoassets held on Coinbase.
As with all FSCS protection, deposits held with ClearBank are aggregated, so if you already have other accounts or services with ClearBank, the total protection limit applies across all of them.
Earning rewards with crypto on Coinbase
Beyond cash savings, Coinbase users can also earn rewards by staking supported cryptocurrencies through the platform’s Earn programme. This allows users to generate income by helping secure blockchain networks, with rewards varying by asset and market conditions.
Coinbase also promotes its USDC stablecoin, which is designed to track the US dollar. While USDC itself is not FSCS protected, Coinbase positions it as a way for users to hold and transfer digital dollars, with additional reward opportunities depending on region and product structure.
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Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
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