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Danske Bank removes negative interest rates for all customers and introduces positive interest rates for personal customers

Danske Bank changes interest rates for deposits denominated in Danish kroner for personal and business customers. We are also changing the interest rate on business customer deposits in euros. The changes will take effect on 1 October 2022.

“We are now removing negative deposit rates for all our customers. Moreover, all personal customers who have their NemKonto account with Danske Bank can get an interest rate of up to as much as 0.80% p.a. on their savings. It is easy, and free of charge, for customers to open a savings account in Danske eBanking, and later this year, it will also become possible in Danske Mobile Banking. In addition, we will now offer an interest rate of 0.80% on child savings accounts. We will of course always be happy to advise our customers about their options in relation to savings and how to manage their deposits, including how to invest the funds,” says Mark Wraa-Hansen, head of Danske Bank’s personal customer activities in Denmark.

When we set deposit rates, we do so on the basis of a number of factors, including central bank rates and competitive and business considerations.

Personal customers
  • The variable interest rate on deposits denominated in Danish kroner will change from minus 0.20% to 0% p.a.
  • The variable interest rate on the Danske Indlån savings account type will change to 0.40% p.a. for deposits between DKK 0 and DKK 100,000, to 0.60% p.a. for deposits between DKK 100,000 and DKK 500,000, and to 0.80% p.a. for deposits exceeding DKK 500,000 for customers who have their NemKonto account with Danske Bank
  • The variable interest rate for Børneopsparing and Danske Gave gift accounts will change to 0.80% p.a.
Read more at www.danskebank.dk/nyrente.


Business customers
Business customers with deposits subject to standard rates:
  • The standard interest rate for deposits denominated in Danish kroner will change from minus 0.60% to currently 0% p.a.
  • The standard interest rate on deposits denominated in euros will change from minus 0.25% to currently 0% p.a.
Read more at danskebank.dk/erhverv/renteændring.

“It is good news that we can now get rid of negative interest rates. With the changes we are making, we ensure that the overall value proposition for our customers is strong and competitive while maintaining a robust business,” says Niels Bang-Hansen, head of Danske Bank’s business customer activities in Denmark.

Danske Bank