Accounts
– Find the best bank account for you and your children

The interest rate on saving accounts varies depending on the account chosen. The deposit rate is determined separately for each account and can also be based on interest rate market developments. In addition, the account may have a predefined term of deposit and/or minimum and maximum amounts on which interest is paid. For the Danske Growth Account and Danske Harvest Account, the deposit interest is paid on the daily balance of the account, i.e. the interest is calculated separately for each day. This gives you a better return on your money than on an account where interest is calculated on the lowest balance of the month.

In Finland, interest paid on a savings account is taxable income. You can find more information on interest when you open an account.

Danske Bank offers you a choice of five different saving accounts suitable for a variety of savings purposes:

• Danske Harvest account – offers rewarding and flexible account saving and is available to members of Akava affiliates and members of the Finnish Landlord Association. We pay a competitive interest rate (3-month Euribor -0.9%) from the very first euro.
• Danske Growth Account – is a flexible and interest-bearing alternative to saving. We pay a competitive interest rate (3-month Euribor -0.5-0.9%) on deposits over €10,000 and a fixed rate of 0.5% on deposits below €10,000 on the daily balance of the account. There is no time limit on the account and you can close it at any time.
• Fixed-term deposit – offers a fixed-rate return on a fixed-term deposit. The interest rate depends on the term of the deposit and the prevailing interest rate. The minimum deposit is €500 and deposit cannot be withdrawn before the end of the fixed term.
• Danske Saving account – offers a buffer account for unexpected expenses. The account is suitable for short-term saving or can even be used as a loan servicing account.
• ASP account – enables you to save for your first home. Choose an ASP account if you are aged 15–44 and want to save for your first home.

A Danske Piglet account lets you save and accumulate a nest egg for the future. The account also helps a child to learn how to use and save money. Parents and close ones can make regular deposits in a Golden Piglet account. Regular savings attract an interest bonus.

The best accounts for building up a financial buffer are those that give you easy access to your money when you need it. We recommend a risk-free Danske Savings account for this since you can make free withdrawals as often as you like.

You can make a recurring payment from your eBanking Danske account to your Savings account even on your payday. This means you can automatically save money in the account every month and accumulate savings nicely almost unnoticed.

A good goal is to build up savings corresponding to a few months’ outgoings. Since a savings account has an interest rate of 0,25%, we recommend other ways to accumulate wealth.

Danske Bank customers' deposits are protected under Danish law and are covered by the Danish Guarantee Fund, a deposit guarantee scheme administered by the Danish financial stability authority (Finansiel Stabilitet).

In the event of bankruptcy or restructuring of a bank, the Danish financial stability authority will pay a maximum compensation of €100,000 per depositor, minus the depositor's outstanding debts and other payments to the bank concerned.

By way of derogation from the above, deposits based on the sale of a home are protected up to the equivalent of €10 million for a period of 12 months from the date of the deposit.