“We are raising the interest rate by 0.50 of a percentage point with effect from 1 August 2022, so customers will pay less interest on their deposits with us. We are making the change as a consequence, among other things, of the Danish central bank’s deposit rate hike. The central bank rates are still negative, however. We maintain the current threshold for payment of negative interest, which means that customers with a NemKonto account with Danske Bank pay negative interest only on deposits exceeding DKK 100,000. This means that two-thirds of our customers still do not have to pay negative interest on their deposits,” says Mark Wraa-Hansen, Head of Personal Customers Denmark.

Personal customers

• The variable interest rate on deposits denominated in Danish kroner will change from -0.70% to -0.20% p.a.
• The variable interest rate on cash deposits in Danish kroner related to pension schemes will change from -0.69% to -0.19% p.a. for amounts exceeding DKK 100,000.
• The variable interest rate on deposits denominated in euros will change from -0.50% to 0.00% p.a.

The threshold for payment of negative interest for customers with a NemKonto account with Danske Bank is unchanged.

Read more and see the account types that are exempt from negative interest at danskebank.dk/en/personal/ratechange

Business customers
Business customers who are charged the standard interest rate on their deposits:

• The standard variable rate of interest on deposits denominated in Danish kroner will change from -1.10% to -0.60% p.a. 
• The standard variable rate of interest on deposits denominated in euros will change from -0.75% to -0.25% p.a.

Read more at danskebank.dk/erhverv/renteændring.

“As a consequence of the Danish central bank’s rate hike, among other things, we are now changing the interest rate charged on business customer deposits to the effect that business customers pay less for their deposits with Danske Bank. The new interest rate reflects several factors, including the large deposits that our business customers have with us.  We need to ensure that our deposit business is profitable also in future. Naturally, we are ready to help and advise customers on alternatives to cash deposits,” says Niels Bang-Hansen, Head of Business Customers Denmark.