Danske Bank Interest Rates

All information correct as of 1 July 2020

Here is a description of the Interest Rates set by Danske Bank.

Danske Bank Reference Rate (UK)

Currently 0.10%

Danske Bank Reference Rate (UK) is our own interest reference rate that we set ourselves. It will typically align with the Bank of England Bank Rate, but may vary from that rate. You should not expect it to fall below zero even if the Bank of England Bank Rate does.

Where the interest reference rate that applies to your loan, is the Danske Bank Reference Rate (UK) we can change that rate of interest at any time. This is our own interest reference rate, the rate is set by us and we make it publicly available.

If we change this rate then we will advertise the change by publishing notices on our Website, in our branches and in newspapers circulating in Northern Ireland. Any such change will take effect at the beginning of the day after Northern Bank Limited trading as Danske Bank announce a change in the Danske Bank Reference Rate (UK).

Danske Bank Standard Variable Rate (UK)

Currently 4.30%

Where the interest reference rate that applies to your loan, is the Danske Bank Standard Variable Rate (UK) we can change that rate of interest at any time. This is our own interest reference rate, the rate is set by us and we make it publicly available.

If we change this rate then any such change will take immediate effect on the date we specify in a written notice to you, or in notices on our Website, in our branches and advertisements in newspapers circulating in Northern Ireland.

Danske Bank Re:Pay Rate (UK)

Currently 3.49%

Where the interest reference rate that applies to your loan, is the Danske Bank Re:Pay Rate (UK) we can change that rate of interest at any time. This is our own interest reference rate, the rate is set by us and we make it publicly available.

If we change this rate then any such change will take immediate effect on the date we specify in a written notice to you, or in notices on our Website, in our branches and advertisements in newspapers circulating in Northern Ireland.

FAQs