Danske Discovery Savings

An instant access savings account exclusively for 11 to 17 year olds

Good to know

  • You can pay in and withdraw your money at any of our branches
  • You can also access your account 24 hours a day, 7 days a week via eBanking or our apps
  • Withdraw your money whenever you need it
  • You can pay in as much as you like, whenever you like

Need to know

  • You must be aged 11-17 to save into this account
  • You can open the account with a minimum of £1. There is no maximum balance
  • A Danske Discovery Savings account can either be opened in the name of a child aged 11-17 or in the name of an adult on behalf of a child aged 11-17
  • You can withdraw up to your available balance at your branch and up to £1,000 per day at any Danske Bank branch

Want to open an account?

You can open a Danske Discovery Savings account in any Danske Bank branch.

To arrange an appointment call us on 0800 660 033

or request a callback

Interest rate

Rate correct as at 1 December 2017

Balance Gross/AER (Variable)
All credit balances
1.25%

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

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 (this may change in the future). There are more details on our Savings interest rate page.

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. We will give you two months written notice of any reductions to the credit interest rate. If we increase the credit interest rate on your account we will make the change immediately.

Additional Information

This 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.