Fixed Rate

Danske Bank Danske Fixed Term Deposit (1 year) Review

A one-year fixed rate bond from Danske Bank, with a £5,000 minimum deposit. It ranks 69th of 69 one-year fixed rate bonds we track.

Fixed rate · 1 year

3.60%AER

Up to 3.75% on some tiers

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£5,000

Max balance

£249,999

Access

At maturity only

Interest paid

At maturity

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

See the switch offer

Rate Tiers

£5,000 – £249,999

3.60%AER

£250,000 and over

3.75%AER

How It Stacks Up

Ranks 69th of 69

1-year fixed bonds we track

Well below average
This account 3.60%
UK CPI (Aug 2026)
3.10%
Pays 0.50% more
Average 1-year fixed
4.48%
Pays 0.88% less
Best 1-year fixed
5.12%
Pays 1.52% less

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

Compare fixed bonds

A Good Fit For

  • Pro: New and existing savers

Worth Weighing Up

  • Con: Your money is locked in for 1 year
  • Con: You need at least £5,000 to open it

Please verify all details with the provider – see our Disclaimer

See all Danske Bank accounts

Estimated returns with Danske Bank's Fixed Rate

What you could earn with Danske Bank's Danske Fixed Term Deposit (1 year).

Estimated interest

£5,000 saved

£180

At 3.6% AER

£10,000 saved

£360

At 3.6% AER

£50,000 saved

£1,800

At 3.6% AER

£249,999 saved

£9,000

At 3.6% 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 Fixed Term Deposit (1 year)

Jonny PeaseCo-Founder, DepositScout

Danske Bank's one-year fixed deposit pays 3.6% on balances between £5,000 and £249,999, which sits below the market average and 1.75% behind the best fixed-rate deal available at 5.35%. It does beat August 2026 CPI of 3.1% by 0.5%, so your money grows in real terms, but only just. The real catch is no access until maturity, so this suits savers who are certain they won't need the funds. I would seriously consider alternatives like OakNorth Bank's 12-month fix at 4.96% before committing here.

Compare Fixed Rate Bonds

2 alternatives to Danske Bank's Danske Fixed Term Deposit (1 year)

Same type of account, closest on rate.

Common questions about the Danske Fixed Term Deposit (1 year)

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
Live Market Tracking

Be the first to know when this Danske Bank rate drops.

Join 1,000+ savers using DepositScout who get instant email alerts when top UK savings rates change. Never miss out on a better deal again.

Takes 30 seconds · No spam · Unsubscribe any time