Danske Notice Account
If you have £2,000 or more to save, and won’t need access to your savings immediately, our Danske Notice account could be for you. You’ll get a better interest rate than our instant access accounts, but you must let us know 95 days before you want your money.
Good to know
- Open the account with a minimum of £2,000.
- Apply online, in branch or by phone.
- Or, if you have our Mobile Banking app, you can open an account in your own name in just a few clicks, by selecting the
symbol on the Accounts screen in the app. - Pay in or give notice to take money out using eBanking, our app, in branch or by phone.
- We’ll let you know when your money will come out, and we’ll text you when it’s done.
Need to know
- You can only open one Notice account. This can be in your own name or jointly with someone else.
- This isn’t an instant access account. If you want to transfer money out, you’ll have to let us know 95 days in advance. For example, this means if you want to receive your money on 3 June, you will have to let us know on 1 March.
- Pay in as often as you like, up to the maximum balance of £250,000.
- Transaction limits may apply depending on which method you choose to take money out.
Summary Box
Account name: Danske Notice Account
1. What is the interest rate?
| Balance | Gross/AER |
|---|---|
| All credit balances | 3.15% |
Interest is calculated on a daily basis on the cleared credit balance on your account and applied annually at the end of October.
2. Can Danske Bank change the interest rate?
- Yes, this rate is variable. We can decrease the credit interest rate for any of the reasons set out in the General Terms and Conditions - Personal Banking.
- We’ll give you 109 calendar days’ notice of any reductions to the credit interest rate (this is the equivalent to 14 days plus the 95 day notice period required for withdrawals). We’ll send you a reminder 14 days before the change takes effect. Where we hold an email address for you, we’ll send you this notice by email, otherwise we’ll send a letter.
- We may increase the credit interest rate payable on the account immediately. We will advise you of any increase in the credit interest rate on your next statement.
3. What would the estimated balance be after 12 months based on a £2,000 deposit?
| Initial deposit at account opening | Estimated interest earned after 12 months | Estimated balance after 12 months |
|---|---|---|
| £2,000.00 | £63.00 | £2,063.00 |
This estimate is for illustrative purposes only and doesn’t take into account your individual circumstances.
The estimate assumes that:
- no further deposits or withdrawals are made;
- there’s no change to the interest rate; and
- interest is added to the account at the end of the 12 month period.
4. How do I open and manage my account?
- All parties to the account must be aged 18 or over.
- You can open an Account in branch, by phone, using our Mobile Banking app (if you are registered for this service) or by completing the webform on our website at danskebank.co.uk/noticeaccount and following the instructions to submit the completed form to Us.
- A minimum deposit of £2,000 is required to open the account.
- You can only hold one account. This can be in your sole name or in joint names with someone else.
- The maximum balance you can have in the account is £250,000, with the exception of credit interest.
- You can communicate with us and give us instructions by writing to us, phoning us, visiting one of our branches, by using eBanking or our Mobile Banking app (if you have registered for these services).
5. How can I withdraw money from the account?
- Yes, withdrawals can only be made by giving us 95 days’ notice. Where the 95th day does not fall on a Business Day, the withdrawal will be completed on the next Business Day. You cannot withdraw your funds earlier than this.
- All withdrawals must be by electronic transfer to another account. You cannot withdraw cash.
- You can provide notice to make a withdrawal in Branch, by eBanking, by our Mobile Banking app or by phone. Limits may apply.
- Where you provide us with a mobile phone number, we will send you a text message confirming acceptance of your withdrawal request and again on completion of your withdrawal at the end of the notice period.
6. Additional Information
Interest is paid ‘gross’. This means that we do not deduct tax from the interest we pay. Depending on your personal circumstances, you may have to pay tax on your interest.
AER stands for ’Annual Equivalent Rate’ and illustrates what the interest rate would be if interest was paid and compounded (paid on the total balance including previous interest) once each year.
Rate correct as at 5 December 2023.
The information provided in this summary box includes the key features of the account only and is not intended to be a substitute for reading the terms and conditions that apply to the account.
PDF version of summary boxFurther Information
This account is not suitable for day-to-day banking.
Please be aware that this account isn’t an instant access savings account. You'll need to have access to other funds for short-term emergencies.
A Joint Notice Account cannot be opened using the Mobile Banking app.
You'll be sent a statement at least every 6 months. With eBanking, you can ask us to make your statements available electronically rather than as paper copies.
Taxation depends on an individual's circumstances and may change in the future.
We do not charge for our text service, but you may have to pay your mobile-phone company.
Our Mobile Banking app is available for iOS and Android devices.
Our eBanking and Mobile Banking app may be temporarily unavailable when we are carrying out routine maintenance.
Important information
Terms and conditions
Fees and service charges explained
Savings Interest Rates
Ready to open an account?
Apply on our Mobile Banking app
You must be an existing customer and registered for this service.
Apply in branch
You can open an account in any Danske Bank branch.
Apply by phone
Call us on 0800 660 033
Apply Online
by clicking the button below
