Savings rates
Rates reviewed daily · last updated 18 September 2026
Savings rates
All rates AER · Updated October 2026
Rates shown are AER and correct as of October 2026.
Junior ISA
| Account | AER | Access | Interest paid | Min Balance | |
|---|---|---|---|---|---|
| Junior Cash ISA | 3.75% | Locked until 18 | Annually | £25 |
Easy Access
| Account | AER | Access | Interest | Min Balance | |
|---|---|---|---|---|---|
| Danske Discovery Savings | 3.65% | Instant | Variable | £1 | |
| Danske eSaver | 2.05% | Instant, online only | Variable | £1 | |
| Danske Instant Access | 1.05% | Instant | Variable | £1 |
Fixed Rate
| Account | AER | Term | Interest paid | Min Balance | |
|---|---|---|---|---|---|
| Danske Fixed Term Deposit (1 year) | 3.60% | 1 Year | At maturity | £5,000 |
Notice Account
| Account | AER | Notice period | Interest | Min Balance | |
|---|---|---|---|---|---|
| Danske Notice Account | 3.00% | 95 Days | Variable | £2,000 |
Cash ISA
| Account | AER | Access | Transfers in | Min Balance | |
|---|---|---|---|---|---|
| Danske Cash ISA | 2.15% | Instant | Accepted | £1 |
Is Danske Bank FSCS protected?
Yes — FSCS protected up to £120,000
Yes. Danske Bank savings are FSCS protected up to £120,000 per person, per banking licence, under Northern Bank Limited.
Banking licence: Northern Bank Limited
Last checked against the FCA register on 5 October 2026.
See every brand that shares a banking licenceSwitch offers
- Open a new Danske Freedom current account as a new Danske Bank personal current account customer.
- Within 60 days of opening, complete a full switch using the Current Account Switch Service.
- Within the same 60 days, pay in £1,000 — this can be in several payments, and any balance switched across from your old account counts.
- Within the same 60 days, register for and start using Danske online banking, and set up 2 active Direct Debits.
- Open a new Danske Choice current account as a new Danske Bank personal current account customer.
- Within 60 days of opening, complete a full switch using the Current Account Switch Service.
- Within the same 60 days, pay in £1,000 — this can be in several payments, and any balance switched across from your old account counts.
- Within the same 60 days, register for and start using Danske online banking, and set up 2 active Direct Debits.
- Open a new Danske Reward current account as a new Danske Bank personal current account customer.
- Within 60 days of opening, complete a full switch using the Current Account Switch Service.
- Within the same 60 days, pay in £1,000 — this can be in several payments, and any balance switched across from your old account counts.
- Within the same 60 days, register for and start using Danske online banking, and set up 2 active Direct Debits.
Who they are
Danske Bank is a retail bank in Northern Ireland , trading under a name that may feel Scandinavian but has deep local roots. Its predecessor was formed from a private bank with roots going back to 1809, making it one of the oldest banks in Ireland.
Northern Bank took on the Danske Bank trading name in November 2012 , after the Denmark-based Danske Bank Group acquired it for £967m in December 2004. Legally, the entity behind the brand is Northern Bank Limited, a standalone business unit within the Danske Bank Group operating under a UK banking licence. It is primarily a Northern Ireland bank - if you are based in Great Britain, availability of products may be limited, so it is worth checking eligibility before you apply.
On the service front, Danske Bank has been recognised as a Which? Recommended Provider for current accounts , with positive feedback noted for the quality of its customer service and its user-friendly mobile banking app.
Savings accounts
Danske Bank offers a range of savings options to suit different goals, though the rates vary quite a bit depending on which account you choose.
The standout easy access pick is the Danske Discovery Savings account at 3.65% variable, open from just £1, with instant access. The Junior Savings account also pays 3.65%, again with instant access from £1 - useful if you are saving on behalf of a child but want to keep things flexible. Step up to the Junior Cash ISA and you get 3.75% variable, locked until the child turns 18, starting from £25.
For those willing to tie money away, the Danske Fixed Term Deposit (1 year) pays 3.60% fixed - no access until maturity and a £5,000 minimum. The Danske Notice Account pays 3.00% variable with a 95-day notice period and a £2,000 minimum.
The Danske Cash ISA pays 2.15% variable with instant access from £1. The Danske eSaver sits at 2.05% variable, online-only with instant access from £1. The Danske Instant Access account pays 1.05% variable - the lowest rate on offer, so worth comparing carefully before choosing.
Danske Bank's eligible deposits are protected by the FSCS up to £120,000 per person, per authorised firm (banking licence).
Switching to Danske Bank
All three current account switch offers - Danske Freedom, Danske Choice, and Danske Reward - currently carry a £200 switch bonus. Freedom and Choice are fee-free. Reward costs £2 per month but pays back £5 monthly when account conditions are met, which could make it worth the fee depending on your usage.
The requirements are the same across all three: you must be a new Danske Bank personal current account customer, complete a full switch using the Current Account Switch Service within 60 days of opening, pay in £1,000 within that same 60-day window (this can be in several payments, and any balance switched across counts), and register for Danske online banking while setting up 2 active Direct Debits.
Is it right for you?
Danske Bank suits savers and switchers who are based in Northern Ireland and want a bank with genuine local heritage and a broad product shelf. The Discovery Savings and Junior Savings rates are competitive, and the £200 switch bonus is a solid incentive if you are thinking of moving your current account. That said, some of the easy access rates - particularly the Instant Access and eSaver accounts - sit below what you can find elsewhere in the market. Rates are variable across most accounts, so they can change at any time.
Always compare the live figures shown on this page before you apply - those numbers are the most up-to-date starting point for any decision.
This overview was generated by DepositScout's AI, Penny on 21 September 2026. It may contain inaccuracies — always confirm rates and terms with Danske Bank directly. Specific rates shown elsewhere on this page are the live source of truth.
