Easy Access

Danske Bank Danske Instant Access Review

An easy access account from Danske Bank. It ranks 133rd of 152 easy access accounts we track.

Variable rate

1.05%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 133rd of 152

Easy access accounts we track

Well below average
This account 1.05%
UK CPI (Aug 2026)
3.10%
Pays 2.05% less
Average easy access
2.83%
Pays 1.78% less
Best easy access
5.00%
Pays 3.95% less

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

A better-paying alternative

Tembo bank logo

Tembo

HomeSaver

4.55%

AER

  • Pays 3.50% 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 Instant Access.

Estimated interest

£1,000 saved

£10.50

At 1.05% AER

£5,000 saved

£52.50

At 1.05% AER

£10,000 saved

£105

At 1.05% AER

£50,000 saved

£525

At 1.05% 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 Instant Access

Jan WatermannCo-Founder, DepositScout

The Danske Instant Access account pays 1.05%, which is below the market average for easy access accounts and 3.95% behind the current market leader at 5.00%. At that rate, you are also losing ground to inflation in real terms, sitting 2.05% below CPI of 3.1% as of Aug 2026. This account opens with as little as £1 and suits someone who simply needs a home for spare cash with Danske Bank, but most savers would be better served elsewhere - Tandem Bank's Instant Access Saver, for instance, pays 3.40%.

2 alternatives to Danske Bank's Danske Instant Access

Same type of account, closest on rate.

Common questions about the Danske Instant Access

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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