Danske Cash ISA

An instant access savings account that pays you tax-free interest.

Good to know

  • You can pay in and withdraw your money at any of our branches
  • Access your account 24 hours a day, 7 days a week via eBanking and our app
  • Interest is paid tax-free
  • Tiered interest rates - the more you save, the more you earn
  • Withdraw your money whenever you need it
  • Transfer in an existing ISA and we'll pay interest from the date you apply, provided the funds are free to move

Need to know

  • You must be aged 16 or over and a UK resident for tax purposes
  • If you’re not already a Danske Bank customer, you can only open a Danske Cash ISA if you’re resident in Northern Ireland
  • You need your National Insurance number to apply
  • The ISA subscription allowance for the 2021/2022 tax year is £20,000 
  • Tax rules and tax levels may change in the future including the favourable treatment of ISAs

Want to open an account?

You can open a Danske Cash ISA account in any Danske Bank branch.

To arrange an appointment call us on 0800 660 033

Interest rates

Rates correct as at 1 June 2021

BalanceTax-free/AER (variable)
Under £20,000 0.01%
£20,000 to £44,999 0.01%
£45,000 and over 0.01%

One credit interest rate applies to the total balance of the account. That rate depends on the total balance.

Interest is calculated daily and paid into your account at the end of December each year.

Tax-free means that interest is paid free from income tax. This position may change in the future.

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.

The rate of interest is variable and subject to change in the future. Where the balance in your Danske Cash ISA is £100 or more, we will give you 14 calendar days' notice of any reduction in the credit interest rate. If we increase the credit interest rate on your account we will make the change immediately.

Additional Information

The account is not suitable for day to day banking.

You will be sent a statement at least every six months. With eBanking, you can ask us to make your statements available electronically rather than as paper copies.

Danske eBanking may be temporarily unavailable when we carry out routine maintenance.

General information about ISAs

More about the Danske Cash ISA

Transferring your ISA

Want to open an account?

You can open a Danske Cash ISA account in any Danske Bank branch.

To arrange an appointment call us on 0800 660 033