Danske Instant Access
A savings account which offers instant access whenever you need it.
- Interest rate 1.55%.
- Open your account in branch or by phone, or for existing Mobile Banking customers - have your account open in just a few clicks.
Features
- Easy access to your money when you need it, in branch and online.
- 24/7 access to your account through eBanking or Mobile Banking.
- No limit to your savings.
Summary box
1
What is the interest rate?
| Balance | Gross/AER |
|---|---|
| All credit balances | 1.55% |
Interest is calculated daily and paid into your account at the end of October each year.
2
Can Danske Bank change the interest rate?
- Yes, this rate is variable. We can increase or decrease the credit interest rate for any of the reasons set out in the General Terms and Conditions - Personal Banking. For more information, refer to Clause 16.2.
- We’ll give you 2 months’ notice of any reductions to the credit interest rate, allowing you to review your savings options.
- We may increase the credit interest rate immediately and advise you on your next statement.
3
What would the estimated balance be after 12 months based on a £1,000 deposit?
| Initial deposit at account opening | Estimated interest earned after 12 months | Estimated balance after 12 months |
|---|---|---|
| £1,000.00 | £15.50 | £1,015.50 |
This estimate is for illustration only and assumes that:
- no further deposits or withdrawals are made;
- there is 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?
- You must be at least 18 years old.
- You can open your account in branch, by phone or, if you are registered, using Mobile Banking.
- A joint Danske Instant Access account can’t be opened using Mobile Banking.
- You can amend any other adult instant access savings account you hold in Danske Bank (excluding a Cash ISA) to a Danske Instant Access account by phone or in branch.
- You can access your account in branch, by phone, by writing to us, or by using eBanking or Mobile Banking (if you have registered for these services).
- You can open and maintain the account with as little as £1.
- There is no maximum amount of funds you can hold in the account.
- We'll send you a paper statement at least every 6 months unless you've asked to receive them electronically with eBanking. You can ask to change to electronic statements at any time using our Go Paperless form.
5
Can I withdraw money?
- Yes. You can withdraw money:
- at any of our branches in cash, or
- by using eBanking or Mobile Banking (if you have registered for these services).
- Some withdrawal limits may apply, depending on the service you are using. Take a look at our payment table (PDF) for everything you need to know.
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.
- This account is not suitable for day-to-day banking.
- Rate correct as at 11/11/2024.
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.
Download summary box as PDFDigital Banking services information
- 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
Fees and Service charges explained (PDF)
How to apply
Answer a few simple questions to see your options.
(answer yes if you have a current account, savings account or mortgage with us)
symbol on the Accounts screen, select 'Open an account', then 'Danske Instant Access'.
Upload documents
Asked to upload your signed Account Agreement?
If your Discovery Savings is changing to a Danske Instant Access and we’ve asked you to upload a signed Account Agreement, you’re in the right place.
Upload your documents
