**[Coinbase Launches Savings Account in the UK, Offering 3.75% Interest Rate and FSCS Deposit Protection]** According to a report by Golden Finance, Coinbase is launching a savings account product in the UK, supported by Clearbank's technology. The product will be available to select UK users starting November 11. As introduced by Coinbase, the Coinbase Savings Account will allow eligible UK users to earn an annual floating interest rate (AER) of 3.75% on their GBP savings balance, with interest paid daily. The account supports instant deposits and withdrawals, has no minimum balance requirement, and does not impose a lock-in period. Additionally, the Coinbase Savings Account is protected under the UK's Financial Services Compensation Scheme (FSCS). In the event of a financial crisis affecting the account service provider, users' GBP balances are eligible for compensation of up to £85,000 (approximately $112,000), consistent with the protection standards offered by traditional UK banks.