Overview
- Access begins for selected UK users on November 11, with broader availability promised in the coming weeks.
- The account pays a variable 3.75% AER calculated daily with instant withdrawals, no minimum deposit, and no lockup.
- Customer funds are held at ClearBank with Financial Services Compensation Scheme coverage up to £85,000.
- Coinbase describes the product as a regulated savings account rather than a crypto lending or staking yield program, with rates that may move in line with Bank of England changes.
- The launch targets UK fintech rivals such as Revolut and Wise as Coinbase deepens regulated services following its FCA VASP registration and remediation after prior compliance fines.