Children's Savings

Danske Bank Junior Savings Review

A competitive children's savings account from Danske Bank. It ranks 16th of 73 children's savings accounts we track.

Variable rate

3.65%AER

Account type
Easy access
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 16th of 73

Children's savings accounts we track

Above average
This account 3.65%
UK CPI (Aug 2026)
3.10%
Pays 0.55% more
Average children's savings
2.92%
Pays 0.73% more
Best children's savings
5.50%
Pays 1.85% less

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

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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 Children's Savings

What you could earn with Danske Bank's Junior 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 Junior Savings

Jonny PeaseCo-Founder, DepositScout

Danske Bank's Junior Savings pays 3.65% with instant access and a minimum opening balance of just £1, making it a reasonable starting point for parents or guardians building a pot for a child. At 3.65% it sits 0.55% above CPI inflation of 3.1% as of Aug 2026, so the money is at least growing in real terms. I have no market comparison data here, so I would still check alternatives such as Skipton Building Society's Children's Saver, which also pays 3.65%. Interest is paid annually rather than monthly, worth noting if timing matters.

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2 alternatives to Danske Bank's Junior Savings

Same type of account, closest on rate.

Common questions about the Junior Savings

D

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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%
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