Danske Cash ISA

An instant access savings account that pays you tax-free interest.

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 Bank 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.

Need to know

  • You must be aged 16 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 2023/2024 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.

Want to open an account?

You can open a Danske Cash ISA account in any Danske Bank branch. Or, if you are aged 18 or over, you can apply by phone.

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

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.

You’ll be sent a statement at least every six months. With eBanking, you can ask us to receive your statements electronically, instead of paper copies.

Danske eBanking may be temporarily unavailable when we carry out routine maintenance.

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

More about the Danske Cash ISA

Transferring your ISA

Want to open an account?

You can open a Danske Cash ISA account in any Danske Bank branch. Or, if you are aged 18 or over, you can apply by phone.

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

Content is loading
Show more rows: All table rows are already visible for screen readers.
Show less rows: All table rows are already visible for screen readers.