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Danske Cash ISA

An instant access savings account that pays interest tax-free.
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Good to know

  • You can pay in and take out money at any of our branches.
  • Access your account 24 hours a day, 7 days a week using eBanking and our Mobile Banking app.
  • Interest is paid tax-free.
  • Take your money out whenever you need it.
  • Transfer in an existing ISA and we'll pay interest from the date you apply, as long as the funds are free to move.
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Need to know

  • You must be aged 18 or over and a UK resident for tax purposes.
  • You also need to be resident in Northern Ireland to open a Danske Cash ISA - unless you already are a Danske Bank customer.
  • You need your National Insurance number to apply.
  • The ISA subscription allowance for the 2024/2025 tax year is £20,000.
  • When taking money out of your Cash ISA account, limits may apply depending on the service you are using.
  • Tax rules and tax levels may change in the future including the favourable treatment of ISAs.

Interest rates

Rates correct as at 18 October 2023

BalanceTax-free / AER (variable)
All credit balances 2.65%

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.

We ‘ll send you a paper statement at least every six months unless you’ve asked to receive them electronically with eBanking.

eBanking or Mobile Banking may be temporarily unavailable when we are carrying out routine maintenance.

Ready to open an account?


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


Apply by phone
Call us on 0800 660 033

Asked to upload your signed Account Agreement and/or identification?

If your Junior Cash ISA has changed to a Cash ISA and we’ve asked you to upload a signed Account Agreement, you’re in the right place.

Upload your documents

General information about ISAs

  • An ISA (Individual Savings Account) is a tax efficient way of saving or investing. Any income you earn is exempt from income and capital gains tax.

    There are four main types of ISA on the market, designed for adults:

    • Cash ISA
    • Stocks and Shares ISA
    • Innovative Finance ISA
    • Lifetime ISA or LISA

    Danske Bank offers the Danske Cash ISA, which is an instant access savings account.

  • Each tax year you can pay a certain amount into ISAs. This is called your ISA allowance.

    Each tax year you get a new ISA allowance. For the tax year 2024/2025, the adult ISA allowance is £20,000 and the Junior ISA (JISA) allowance is £9,000. The tax year runs from 6th April until 5th April the following year.

    A payment to an ISA is called a subscription. You are allowed to 'subscribe' the maximum ISA allowance in each tax year, but there are some rules around using your allowance.

    Each tax year you can subscribe the full ISA allowance to one ISA or split the allowance across different ISAs.

    Exceptions to this are the Lifetime ISA and Help-to-Buy ISA (which is a type of Cash ISA) which have lower individual account limits.

    From 6 April 2024 You can pay into more than one Cash ISA in each tax year.

    This means that you can subscribe part of your allowance in a Danske Cash ISA and part of your allowance in a cash ISA with another provider in the same tax year, you can only hold one Cash ISA with Danske Bank. This includes subscriptions to a Help-to-Buy ISA, which is a type of cash ISA.

    The minimum age for a Cash ISA has changed to 18. If you are aged 16 or 17, and already hold a Danske Cash ISA at 6 April 2024, You can continue to hold and pay into this ISA but you cannot pay into more than one Cash ISA until you are over 18.

    Any money withdrawn from your ISA can only be repaid into the ISA where permitted by your remaining ISA allowance.

    An exception to this is if your cash ISA is a ‘flexible ISA’ which permits money withdrawn to be repaid to the ISA within the same tax year without impacting your ISA allowance. The Danske Cash ISA is not a flexible ISA.

    You don’t have to use your full allowance but you can’t go over it.

    However, if you don’t use it, you lose it as you cannot carry any unused ISA allowance into the next tax year.

  • You can open a cash ISA if you are aged 18 or over and you are 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.
The Danske Cash ISA is managed by Northern Bank Limited which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Northern Bank Limited is entered in the Financial Services Register, reference number 122261.

More about the Danske Cash ISA

  • You can open a Danske Cash ISA in any branch or by phone.

    To arrange a branch or phone appointment call us on 0800 660 033 or start chat.

    You will need to provide your National Insurance number when you apply to open the ISA.

    Please note that if you want to open the account to transfer in an existing ISA from another provider you will need to do this in a Danske Bank branch. Refer to the Transferring your ISA guide for details.

  • Yes. You will have a right to cancel your Danske Cash ISA within 14 days of the day after the date that the first subscription or deposit was made to the Account, or the date you receive the terms and conditions, whichever is later. You can cancel the agreement by contacting your branch, sending us a secure mail in eBanking or the Mobile Banking app or by writing to the ISA Manager at:

    Danske Bank
    Donegall Square West
    Belfast BT1 6JS

  • You can pay into your Danske Cash ISA at any time, subject to your ISA allowance. You can do this by:

    • Cheque
    • Cash
    • Electronic transfer
    • Standing Order

  • Yes. You may make a withdrawal from Your Danske Cash ISA at any time. Limits may apply depending on the service you are using.

    Taking money out of your Danske Cash ISA will reduce the balance of your Danske Cash ISA and therefore may reduce the tax savings you could be entitled to at the end of the tax year.

    If you have used your full ISA allowance for the current tax year, any money you withdraw can’t be repaid into the Cash ISA until the following tax year.

  • No. A 'flexible' ISA allows you to replace, in whole or in part, cash you have withdrawn without the replacement counting towards your annual allowance. Cash withdrawn from the Danske Cash ISA will continue to count towards your annual limit and therefore can only be repaid to the ISA where you are able to do so within your remaining ISA allowance.

  • Yes. We set the credit interest rate which is variable. Where the balance in your Danske Cash ISA is £100 or more, we will give you 14 calendar days' notice of any reduction in credit interest rate. If we increase the credit interest rate on your account we will make the change immediately.

  • Please contact us for further information if this affects you.

    If You cease to be a UK resident and your new country of residence is outside the EU, You may still be able to keep your Danske Cash ISA open and earn interest tax-free but You will not be eligible to subscribe to the account.

    If You become a non-UK resident, and your new country of residence is within the EU we may ask you to close or transfer out your Danske Cash ISA.

    If you are unsure of your residency status you should refer to the UK Government's Statutory Residence Test

  • When you die, the tax benefits of your ISA will continue for up to three years. During this time, we will continue to deal with your account in accordance with the ISA terms and on the instruction of your legal representative(s). If, after three years, the account has not been closed, the tax benefits of your ISA will end.

  • If your husband, wife or civil partner has passed away and they had an ISA, you’ll be eligible for an additional ISA subscription allowance known as an Additional Permitted Subscription (APS) allowance. The amount of the APS allowance that you can claim is either equal to the amount which they had in their ISA at the time of death or equal to the value of the account when it is closed. If you use any APS during the period after your spouse's or civil partner’s death but before the account is closed, then you are only entitled to claim an allowance equal to the value of the deceased’s ISA at the time of their death.

    The APS allowance doesn’t mean the money that’s in your spouse's or civil partner’s ISA, but an additional subscription allowance which you can use in addition to your own individual ISA allowance.

    The allowance is available for three years from date of death, or 180 days after the administration of the estate has been completed (whichever is later).

  • The leaflet called Obtaining additional ISA allowances External link icon gives more information on the APS allowance.

    You can ask about or claim an APS allowance for an ISA held with Danske Bank by visiting any Danske Bank branch.

    You will need to confirm marriage or civil partnership with the deceased and that you were living together at the time of death.

    You can use the APS allowance to subscribe to a Danske Cash ISA or you can transfer the allowance to another ISA provider so that you can subscribe with them.

Transferring your ISA

  • Yes. It's possible to transfer an existing ISA between providers or combine ISAs held with one provider. It is also possible to transfer from one type of ISA to another.

    You can request the transfer of an ISA by contacting the new ISA provider who will arrange the transfer.

  • You can apply to transfer an existing ISA to a Danske Cash ISA in any Danske Bank branch. To arrange an appointment call us on 0800 660 033.

    We will pay interest on the full amount to be transferred as soon as we receive your application. This is provided that the funds are free to move and are not tied up in a fixed-term or notice amount.

    You will need to provide your National Insurance number and details of your existing ISA when you apply.

  • Transfers from a cash ISA should be completed within 15 business days however we aim to complete these transfers within 7 working days. Transfers from a stocks and shares ISA will be completed within 26 business days.

  • There are no restrictions on how much you can transfer into or out of a Danske Cash ISA. We can accept transfers in and out of the full ISA or any part of the existing balance in the ISA. However, you will need to check with your other ISA provider if they have any restrictions.

  • It's important that you don't withdraw the money from an ISA yourself to transfer it to another ISA. If you do this, you will only be able to put the money into a new ISA subject to your remaining ISA allowance. Make sure you use your new provider's transferring service. That way your ISA provider will take care of the transfer for you and it won't affect your ISA allowance.

Important information

Terms and conditions
Fees and service charges explained
Savings Interest Rates

Ready to open an account?


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


Apply by phone
Call us on 0800 660 033

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