Coinbase has launched a new savings account for select UK users, offering a 3.75% annual interest rate. Starting November 11, the Clearbank-backed account allows users to earn daily interest on pound sterling balances, with features including instant deposits and withdrawals, no minimum balance, and no lock-up period. The account is protected by the Financial Services Compensation Scheme (FSCS), covering up to £85,000 in case of provider insolvency. This initiative marks a significant step in Coinbase's expansion in the UK, its largest international market. The savings account rollout follows Coinbase's registration with the Financial Conduct Authority as a virtual asset service provider earlier this year. The interest rate offered is competitive, surpassing most traditional banks, though it remains below some leading fintech offerings. Coinbase plans to extend access to all UK users in the coming weeks.