Coinbase (UK) now offering Fiat Savings Accounts?

Just had an email

A new feature is now available with your Coinbase account. You can now open a Savings Account (powered by ClearBank)¹ to earn 3.50% AER² on your cash savings.

Here’s how it works:

Interest of 3.50% AER¹ is paid daily

Add or withdraw money at any time, with no minimum deposit

Eligible deposits are protected up to £120,000 by FSCS³

This is an additional account that sits alongside your existing GBP balance.

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Irony that I get more protection saving fiat with them because of the banks themselves than I do my actual crypto