Coinbase launched regulated savings account in the United Kingdom, giving UK users a chance to earn 3.75% annual equivalent rate (AER) interest on their pound deposits, reportedly paid daily.According to the exchange, the Coinbase Savings Account, powered by ClearBank, offers instant deposits and withdrawals, no lockups, and no minimum balance requirements.Digital assets meet tradfi in London at the fmls25Eligible users can reportedly access the account, which provides FSCS protection for balances up to £85,000 across all ClearBank accounts. The company now offers what it described as fully regulated savings account in the UK.Merging Crypto With Everyday FinanceCoinbase CEO Brian Armstrong said the launch marks another milestone in connecting traditional finance with the digital economy. The company views the savings product as a bridge between fiat and crypto, allowing users to manage everyday savings and digital assets within the same platform.Coinbase secured its registration as a Virtual Asset Service Provider (VASP) with the Financial Conduct Authority in February 2025, solidifying its regulatory standing in the UK. The firm is positioning the savings account as part of a broader strategy to develop a full suite of financial services for both retail and institutional clients.The launch also places Coinbase in direct competition with fintech players such as Revolut, which already offers savings, spending, and crypto conversion features through its superapp.Revolut stepped into the UK savings market, initially offering a 1.35% annual equivalent rate. But currently the company offers up to Up to 4.5% AER interest reportedly paid daily. No withdrawal fees. No minimums. Instant access anytime.Direct Competition with RevolutThe account was launched in partnership with cash deposit platform Flagstone and Paragon Bank, is reportedly protected under the Financial Services Compensation Scheme also for balances up to £85,000. Another well-known publicly listed fintech firm WISE introduced in 2022 a similar offering to enable UK customers to earn interest on their account balances in line with local central bank rates. The feature reportedly allows money held in a Wise Account to generate returns through government-backed assets linked to the Bank of England, the US Federal Reserve, and the European Central Bank rates.The “Interest” product applies to GBP, USD, and EUR balances, letting customers retain earnings directly from their funds. With this offering, Wise aims to provide an alternative to traditional banks, where deposits often earn little or no interest while being lent out to others. This article was written by Jared Kirui at www.financemagnates.com.Coinbase launched regulated savings account in the United Kingdom, giving UK users a chance to earn 3.75% annual equivalent rate (AER) interest on their pound deposits, reportedly paid daily.According to the exchange, the Coinbase Savings Account, powered by ClearBank, offers instant deposits and withdrawals, no lockups, and no minimum balance requirements.Digital assets meet tradfi in London at the fmls25Eligible users can reportedly access the account, which provides FSCS protection for balances up to £85,000 across all ClearBank accounts. The company now offers what it described as fully regulated savings account in the UK.Merging Crypto With Everyday FinanceCoinbase CEO Brian Armstrong said the launch marks another milestone in connecting traditional finance with the digital economy. The company views the savings product as a bridge between fiat and crypto, allowing users to manage everyday savings and digital assets within the same platform.Coinbase secured its registration as a Virtual Asset Service Provider (VASP) with the Financial Conduct Authority in February 2025, solidifying its regulatory standing in the UK. The firm is positioning the savings account as part of a broader strategy to develop a full suite of financial services for both retail and institutional clients.The launch also places Coinbase in direct competition with fintech players such as Revolut, which already offers savings, spending, and crypto conversion features through its superapp.Revolut stepped into the UK savings market, initially offering a 1.35% annual equivalent rate. But currently the company offers up to Up to 4.5% AER interest reportedly paid daily. No withdrawal fees. No minimums. Instant access anytime.Direct Competition with RevolutThe account was launched in partnership with cash deposit platform Flagstone and Paragon Bank, is reportedly protected under the Financial Services Compensation Scheme also for balances up to £85,000. Another well-known publicly listed fintech firm WISE introduced in 2022 a similar offering to enable UK customers to earn interest on their account balances in line with local central bank rates. The feature reportedly allows money held in a Wise Account to generate returns through government-backed assets linked to the Bank of England, the US Federal Reserve, and the European Central Bank rates.The “Interest” product applies to GBP, USD, and EUR balances, letting customers retain earnings directly from their funds. With this offering, Wise aims to provide an alternative to traditional banks, where deposits often earn little or no interest while being lent out to others. This article was written by Jared Kirui at www.financemagnates.com.