Interest rate terms for up to 1 year can be obtained from any Danske Bank branch.
Your interest rate is fixed for your chosen term. Interest is calculated daily and paid to your account on maturity.
Interest is paid ‘gross’. This means that we do not deduct tax from interest we pay. Depending on your personal circumstances, you may have to pay tax on your interest. If you are a sole trader or a partnership (where all the partners are individuals), this will depend on your total taxable income, interest that you receive and your Personal Savings Allowance. There are more details on our Savings rates page.
Deposits must be made in cleared funds from your service account (by cash or by transfer from another account where the funds have cleared).
Deposits are only accepted on the date that the account is opened, you won’t be able to make any further deposits to that particular account, but you can open more than one.
On the maturity date unless you instruct us otherwise, the balance in the account (including capital and any interest which has been credited to the account) will be automatically reinvested for a new fixed term period which will be the same term as the previous period.
Terms and Conditions for Business Accounts (PDF)