Easy Access

Danske Bank Danske Discovery Savings Review

A competitive easy access account from Danske Bank. It ranks 54th of 152 easy access accounts we track.

Variable rate

3.65%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1

Max balance

No limit

Access

Instant

Interest paid

Annually

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

See the switch offer

How It Stacks Up

Ranks 54th of 152

Easy access accounts we track

Above average
This account 3.65%
UK CPI (Aug 2026)
3.10%
Pays 0.55% more
Average easy access
2.83%
Pays 0.82% more
Best easy access
5.00%
Pays 1.35% less

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

A better-paying alternative

Tembo bank logo

Tembo

HomeSaver

4.55%

AER

  • Pays 0.90% more than this Danske Bank account
  • Instant access, open with £10
Compare Easy Access Accounts

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A Good Fit For

  • Pro: New and existing savers
  • Pro: Savers who want instant access

Worth Weighing Up

  • Con: The rate is variable, so it can go down

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Estimated returns with Danske Bank's Easy Access

What you could earn with Danske Bank's Danske Discovery Savings.

Estimated interest

£1,000 saved

£36.50

At 3.65% AER

£5,000 saved

£182

At 3.65% AER

£10,000 saved

£365

At 3.65% AER

£50,000 saved

£1,825

At 3.65% 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.

Work out the tax on your interestSee how much of this interest could be taxed.

Our Expert Opinion on Danske Bank Danske Discovery Savings

Jan WatermannCo-Founder, DepositScout

Danske Discovery Savings is designed for teenagers, so the audience is narrow by definition. The rate sits at 3.65%, which is 1.35% behind the easy access market leader at 5.00%, and the position is below the market average, so this is not a rate to get excited about on its merits alone. It does beat August 2026 CPI of 3.1% by 0.55%, which at least preserves purchasing power in real terms. If a teenager can open accounts more broadly, Spring Easy Saver at 3.82% is worth a look.

2 alternatives to Danske Bank's Danske Discovery Savings

Same type of account, closest on rate.

Common questions about the Danske Discovery Savings

D

DepositScout Alerts

2 minutes ago

Easy Access rate just dropped

A top provider just cut their rate. Here's what you need to know about the latest market shift.

Nationwide FlexSaver Rate Down
4.20% AER
4.75%
View Best Rates
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