For many, the trust in traditional financial systems is being tested as their savings gradually lose real-world value. Disciplined savers are starting to feel the pressure of a system that no longer guarantees steady returns. Some crypto enthusiasts believe traditional banks have become dead weight, offering crumbs while pretending it’s gold. The reality is that the financial system isn’t broken; it was built this way.
However, crypto savings flips the script: about 5 million people own cryptocurrency in the UK in 2025. Rising from just 4% in 2021, 12% of UK adults are crypto owners, with a significant portion actively exploring crypto savings and yield opportunities. The appeal of this savings approach lies in its promises of stability, value preservation, and passive growth. On the other hand, a more pressing challenge is emerging: those escaping inflation by entering crypto often pack their assets in wallets that earn nothing. Their crypto just sits there, collecting dust exactly like the zero-interest accounts they left behind in TradFi. While this presents a different kind of problem, the solution already exists on platforms that deliver crypto yield through lower-risk strategies.
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In this article, we examined the best crypto savings accounts available for UK users to increase their earnings. Let’s get started.
How Do Crypto Savings Accounts Work?
At first glance, a crypto savings account mirrors a traditional one, but with a couple of differences. While the latter supports fiat currencies, the former is denominated in crypto or stablecoins. These accounts also offer higher yields depending on the asset and platform. The idea of these accounts is simple: save your crypto and earn rewards.
Users can expand their income portfolio by placing their crypto in interest-bearing accounts offered by trusted platforms. Funds are put to work through lending or other financial strategies, and the interest generated from borrowers flows back to account holders as earnings. Staking and yield farming are additional strategies platforms use to provide returns to users. Some platforms pay daily, others weekly or monthly, depending on their model. Interest rates can also be fixed or vary based on market demand, protocol rewards, or liquidity.
What Types of Crypto Savings Accounts Are Available for UK Traders?
UK digital asset investors can utilize a fixed or flexible crypto savings account, depending on their goals. The fixed-term savings method allows account holders to lock their cryptocurrency for a specific period. During the lock-in time frame, they are not permitted to withdraw their funds, though they earn higher interest afterward. Through this approach, users can receive a predictable passive income, which discourages impulsive withdrawals and inspires responsible saving habits.
Account holders can spot a fixed-term account through its 30-180 day timeline. It offers a specific and higher APY (Annual Percentage Yield) with stable returns. Certain platforms enable auto-compounding for a more extended commitment period. This category is best suited for those who are not in urgent need of their assets.
However, a flexible crypto savings account lets traders make a deposit, earn interest, and pull out funds anytime without locking it. It is preferable for those who seek instant liquidity and passive income. Individuals shifting from TradFi to crypto can take advantage of this method to put their assets to work and reduce portfolio stagnation. This strategy has a variable interest rate, frequent interest payouts, and a low barrier to entry.
Top 5 Crypto Savings Accounts to Earn Interest in the UK
Wirex
Wirex is a financial platform launched in 2014 with services available in over 130 countries. Designed to give people greater control over their finances, it aims to integrate crypto seamlessly into daily life, just like fiat. With its expanded offerings in creating crypto savings tools and competitive rates, users can access higher returns and increase the total value of their holdings over time.
Key Features
- Wirex cardholders enjoy 8% Cryptoback on spending.
- Daily/weekly earnings that compound over time.
- The Wirex X-Accounts, Cryptoback, and Annual Savings Bonus for greater returns on savings.
- Wirex Token delivers up to 16% on stablecoins and 8% on Bitcoin.
- Wirex DUO to boost portfolio with returns of up to 400% APR.
Interest Rate:
- Up to 16% AER available on select currencies through the Wirex X-Accounts.
- Up to 16% yearly yield on crypto savings.
- Cryptoback reward with up to 2% Wirex Token (WXT) on every online purchase
Supported Cryptocurrencies:
BTC, ETH, SOL, TRX, USDT, USDC, LTC, ADA, DOGE. WIrex adds new tokens regularly.
Fees:
No fees are charged for depositing or withdrawing cryptocurrencies.
Uphold
Uphold is a New York-based comprehensive digital asset platform that links TradFi and crypto finance to guide individuals into crypto saving and investing. Since its launch in 2015, the platform has served over 140 countries across multiple cryptocurrencies and powered billions of transactions. Its web3 multichain wallet offers a secure way to manage assets across multiple blockchains seamlessly in one place. The crypto asset provider maintains real-time transparency, positioning it as one of the best places to save money in cryptocurrency.
Key Features
- Uphold Vault for self-assisted custody in saving crypto assets.
- Tiered reward system with up to 5.25% on stablecoins and other incentives.
- Up to 15% rewards for staking cryptocurrencies.
Interest Rate:
It ranges between 0.03% to 15% for 21 cryptocurrencies.
Supported Cryptocurrencies:
BTC, ETH, AAVE, ALGO, XRP, and over 250 altcoins, emerging tokens, and stablecoins.
Fees:
Uphold charges a $0.99 fee for withdrawing certain assets like TRX, BTG, KAS, etc, using specific networks.
Nexo
Nexo is a Swiss-based centralised finance platform known for providing competitive interest rates on crypto deposits. Launched in 2018, the crypto savings provider prioritises wealth building as its primary goal. Seeing that crypto holders were asset-rich but option-poor, it stepped in to bridge the gap. Through both flexible and fixed-term savings options, users can earn up to 14% annual interest on their deposits. Nexo leverages DeFi yield strategies behind the scenes, letting UK traders earn competitive crypto interest and making it a leading savings solution.
Key Features
- Up to 14% annual interest with daily payouts and no lockups
- The Nexo card for instant withdrawals with up to 2% cashback.
- Higher rates up to 16% annually for fixed-term accounts.
- Self-renewing savings option.
- Zero-cost withdrawals spanning 15+ networks
- Exclusive benefits of higher interest rates by holding NEXO tokens.
Interest Rate:
7% - 16% annual returns on deposits for fixed-term accounts.
6% - 14% annual returns on deposits for flexible accounts.
Supported Cryptocurrencies: BTC, ETH, NEXO, SOL, XRP, and over 100 digital assets.
Fees:
Nexo card does not charge a monthly, annual, or inactivity fee. Additional fees apply once the free monthly ATM withdrawals are used up. Third-party fees from banks, cards, or networks may apply and are charged separately, as Nexo doesn’t calculate them in advance.
Ledn
Founded in 2018, Ledn is a fintech company providing crypto lending, trading, and savings solutions to its users in over 120 countries. With its diverse approach to savings, traders and investors can hodl their digital assets with no minimum balance and no locked-in terms. Individuals can select either the growth account with yield-earning benefits or the interest-free transaction account. Details regarding interest generation are also accessible through the user dashboard.
Key Features
- Growth accounts are protected through asset separation.
- Two account types that are structured around how users earn interest.
- Cold storage account designed for long-term asset holding.
- Up to 8.5% APY available on the growth account.
Interest Rate: Ledn interest rates are only applicable to Growth accounts.
- 1% APY applies up to 2 BTC, with 2.25% APY on the remainder.
- 2% APY on the first 50 ETH, 2.5% APY on any amount above that.
- 6.5% APY on balances up to 100,000 USDC; 8.5% APY on any amount above.
- Tiered interest with 6.5% APY on funds under 100,000 USDT and 8.5% APY on the excess.
Supported Cryptocurrencies: BTC. ETH, USDC, and USDT only.
Fees: Ledn charges no fees for growth accounts and withdrawals.
YouHodler
YouHodler is a Swiss-based fintech platform that allows crypto users to earn rewards on their holdings, with features like secure wallets and a crypto card. Founded in 2018, the platform serves customers across 100 and more nations with reliable and forward-thinking financial services. Its partnership with Ledger Vault and Fireblocks enhances the security of user savings, solidifying its place among the top choices for UK savers to earn interest on crypto.
Key Features
- Payouts provided in Bitcoin, Pax Gold, and all major stablecoins.
- Educational resources for users to make informed savings decisions.
- No minimum amount for deposit.
- MultiHODL tool to securely store assets and earn rewards.
- Daily/weekly payouts with instant access.
- Tiered rewards system offering loyalty levels with higher crypto payouts.
Interest Rate:
Up to 15% APY on popular crypto assets and stablecoins.
Supported Cryptocurrencies:
BTC, USDC, ETH, APE, and over 50 cryptocurrencies.
Fees:
No fees are charged for depositing cryptocurrencies or stablecoins. Withdrawal fee varies between $5 and $50 in crypto or stablecoin value, depending on the currency used.
How to Choose the Best Crypto Savings Account: Factors to Consider
- Interest rate
Traditional finance investors and crypto holders mainly seek to find the best crypto savings account to multiply their savings. Keeping this in mind, one of the key factors they should consider is interest rate structure. While some platforms offer a fixed rate, others give a variable rate that can be tiered based on deposit size.
- Flexibility of Access
Determining if an account is fixed-term (locked) or flexible (instant withdrawal) can help savers make informed decisions about their finances and approach to storing funds.
- Payout Frequency
This factor is crucial for savers as it influences liquidity. Depending on the type of crypto savings (fixed or flexible), users can select their preferred account by checking for daily, weekly, or monthly payouts. They can also figure out how it affects compounding returns.
- Supported Assets
Some platforms support multiple cryptocurrencies and stablecoins, which users are willing to hold or save. However, others only support a few, and crypto owners can find it limiting. For this reason, savers must look into the assets available on their chosen platform.
- Fees
Individuals should watch out for withdrawal fees (percentage or flat-based) and third-party fees (network and gas fees). By factoring them in, crypto holders can calculate their profits and identify costs that cut into their earnings.
- Platform credibility and security
While other factors are core considerations for choosing a crypto savings account, UK savers should ensure their selected platform is licensed in their region. A proven track record and transparent system also take priority in decision-making.
FAQs
What Platform Offers the Highest APY on Crypto Savings?
Due to its straightforward reward system, especially for its fixed-term savings option, Nexo offers the highest APY on crypto savings. It features a 16% APY that is geared towards saving for high rates. Although Wirex advertises up to 16%, this is tied to specific features like its native token (WXT) and may involve conditions like DUO strategies or tiered bonuses. As a result, Nexo stands out for having the highest APY without any strings attached.
Can I Lose Money With a Crypto Savings Account?
Despite the attractive interest rates and passive income opportunities these platforms offer, they are not risk-free. The potential drawbacks include platform insolvency, security breaches, volatility in crypto asset prices, and changes in regulatory environments, especially in the UK. In addition, some savings accounts lend out users’ crypto to third parties, exposing funds to counterparty risk. It is important for savers, especially those in the UK, to conduct due diligence and only invest what they can afford to lose.
Is the Interest I Earn on Crypto Savings Accounts Taxable in the UK?
Although crypto isn’t considered a legitimate currency, interest earned on crypto savings is regarded as income by HM Revenue & Customs (HMRC). Any rewards or yield payments from crypto deposits are subject to income tax based on an individual’s personal tax bracket. Since these earnings increase overall income, UK investors must keep accurate records and report interest accordingly.
Conclusion
Success in crypto savings requires careful platform selection to balance high yields with security and flexibility. By choosing the right crypto savings account that aligns with financial goals and risk tolerance, individuals can keep their assets working for them. Ultimately, crypto savings isn’t just about earning interest. Crypto holders can actively take charge of their finances in a rapidly shifting economy.
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