Cash ISA

Danske Bank Danske Cash ISA Review

A cash ISA from Danske Bank. It ranks 104th of 137 cash ISAs we track.

Variable rate

2.15%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1

Max balance

£20,000

Access

Instant

Interest paid

Annually

Transfers in

Accepted

Danske Bank is also paying £200 to switch your current account.

See the switch offer

How It Stacks Up

Ranks 104th of 137

Cash ISAs we track

Well below average
This account 2.15%
UK CPI (Aug 2026)
3.10%
Pays 0.95% less
Average cash ISA
2.98%
Pays 0.83% less
Best cash ISA
4.87%
Pays 2.72% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

A better-paying alternative

Trading 212 bank logo

Trading 212

Cash ISA

4.64%

AER

  • Pays 2.49% more than this Danske Bank account
  • Includes a 1.04% bonus for 12 months, then 3.60%
Compare Cash ISAs

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Pros and cons

  • Pro: Savers who want instant access
  • Con: The rate is variable, so it can go down

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See all Danske Bank accounts

Estimated returns with Danske Bank's Cash ISA

What you could earn with Danske Bank's Danske Cash ISA.

Estimated interest

£1,000 saved

£21.50

At 2.15% AER

£5,000 saved

£108

At 2.15% AER

£10,000 saved

£215

At 2.15% AER

£20,000 saved

£430

At 2.15% AER

Estimated over one year, if the rate stays the same and interest is left in. Amounts outside the account's minimum or maximum aren't shown.

Our Expert Opinion on Danske Bank Danske Cash ISA

Jonny PeaseCo-Founder, DepositScout

The Danske Bank Danske Cash ISA pays 2.15%, which is below the market average for Cash ISAs and sits 2.97% behind the category leader at 5.12%. At current CPI of 3.1%, the rate is also 0.95% below inflation, meaning your money loses purchasing power in real terms. The £20,000 maximum balance is simply the annual ISA allowance, so that is not a meaningful restriction, but savers who want instant access and a better rate should look at alternatives like the Moneybox Open Access Cash ISA at 3.80%.

Compare Cash ISAs

2 alternatives to Danske Bank's Danske Cash ISA

Same type of account, closest on rate.

Common questions about the Danske Cash ISA

D

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Easy Access rate just dropped

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Nationwide FlexSaver Rate Down
4.20% AER
4.75%
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