Danske eSaver
A variable rate savings account which gives you instant access to your savings using eBanking and our apps.
Good to know
- Easy online application
- Access your account 24 hours a day, 7 days a week via eBanking and our app
- You can request that interest, when it is paid, be transferred to another account so it is not treated as a withdrawal
- Withdraw your money whenever you need it
- Pay in as much as you like, whenever you like
Need to know
- Available to personal customers aged 18 or over
- You must register or be registered for eBanking to open this account
- You will receive interest for every month you do not make a withdrawal. If you make a withdrawal from your account you will not be entitled to any interest on the balance in your account for the period of the calendar month during which you made the withdrawal
- You can open a maximum of one account in your sole name and a maximum of one account in your joint name with another party
- You can open the account with a minimum of £1. There is no maximum balance
- You can only operate this account using eBanking or our app - you can't manage this account in-branch
Want to open an account?
You can open a Danske eSaver account online or by telephone
To arrange a telephone appointment call us on 0800 660 033
Summary Box
Account name: Danske eSaver.
1. What is the interest rate?
| Balance | No withdrawal (Gross/AER variable) | One withdrawal made (Gross/AER variable) |
|---|---|---|
| All credit balances | 0.60%/0.60% | 0.60%/0.55% |
Interest rate with effect from 1 April 2020.
| Balance | No withdrawal (Gross/AER variable) | One withdrawal made (Gross/AER variable) |
|---|---|---|
| All credit balances | 0.35%/0.35% | 0.35%/0.32% |
Interest is calculated on a daily basis on the cleared credit balance on your account and applied annually at the end of October.
2. Can Danske Bank change the interest rate?
- Yes, this rate is variable. We can decrease the credit interest rate for any of the reasons set out in the General Terms and Conditions - Personal Banking.
- We will give you 2 months’ notice of any reductions to the credit interest rate. You will be able to end the agreement before the end of the notice period without incurring any extra charges.
- We may increase the credit interest rate payable on the account immediately. We will advise you of any increase in the credit interest rate on your next statement.
- Please see Clause 16.2 in the General Terms and Conditions - Personal Banking for more details on when we may change the credit interest rates and the notice that we will give you.
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 | |
|---|---|---|---|
| No withdrawal | £1,000.00 | £6.00 | £1,006.00 |
| One withdrawal of £50 made in month 4 (of 12) | £1,000.00 | £5.34 | £955.34 |
This estimate does not take account of the interest rate reduction which will take effect on 1 April 2020.
This estimate is for illustrative purposes only and does not take into account your individual circumstances.
- No further deposits 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 aged 18 years or over and register (or be registered) for eBanking.
- You can open your account online or by telephone.
- If you wish to give us an instruction you must use eBanking (if you have registered for this service).
- A minimum balance of £1 is required to open and maintain the account.
- There is no maximum limit to the amount of funds you can hold in the account.
5. Can I withdraw money?
- Yes, but you can only withdraw money by electronic transfer using eBanking (if you have registered for this service).
- Limits may apply depending on which method you choose to make the withdrawal. See our payment table for more details.
- If you make a withdrawal from your account you will not be entitled to any interest on the balance in your account for the period of the calendar month during which you made the withdrawal.
- You can arrange to have the annual interest, when it is paid, transferred to another account so this will not be treated as a withdrawal.
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.
Rate correct as at 3 September 2018.
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.
Further Information
This account is not suitable for day-to-day banking.
You will be sent a statement at least every 6 months. With eBanking, you can ask us to make your statements available electronically rather than as paper copies.
Taxation depends on an individual's circumstances and may change in the future.
Our app is available for iOS and Android devices.
Important information
Terms and conditions
Fees and service charges explained
Savings Interest Rates
