Junior Savings Account

An instant access savings account designed especially for those aged 10 or under

Good to know

  • Free Pondus the Penguin money box
  • You can pay in and withdraw your money at any of our branches
  • If you open the account on behalf of a child you can access the account 24 hours a day, 7 days a week via eBanking and our app.
  • Withdraw your money whenever you need it
  • You can pay in as much as you like, whenever you like

Need to know

  • Available to children aged 10 or under only
  • You can open the account with a minimum of £1. There is no maximum balance
  • You can open a Junior Savings Account in your name on behalf of a child aged 10 or under or if the child is aged between 7 and 10, in their own name
  • You can withdraw up to your available balance at your branch and up to £1,000 per day at any other Danske Bank branch

Want to open an account?

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

To arrange a branch appointment call us on 0800 660 033

Interest rates

Rate correct as at 13 May 2021

Balance Gross/AER (variable)
All credit balances 0.75%

The Junior Savings Account product rate will reduce to 0.20% gross / AER from 15 July 2021.

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).

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 and 24 Hour Telephone Banking may be temporarily unavailable when we carry out routine maintenance.

Take your penguin home

Pondus loves coins - big or small, he'll take them all.

You can give him as much or as little money as you like.

When he's full, treat yourself to something special. Or bring the coins into your local Danske Bank branch.

Did you know?

Pondus is named after a real penguin that lived in Copenhagen Zoo in the 1960s. Pondus, wearing a red scarf, appeared in a series of children's books and has been used as Danske Bank's moneybox mascot since 1967. Pondus swam over to Northern Ireland in 2009, and if you have a Junior Savings Account, you'll get to take him home.

Important information

Terms and conditions
Fees and service charges explained
Savings Interest Rates