Compare Savings Accounts in Denmark

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20 live offers compared from 19 providers, from 0.75% AER. Updated daily.

What are savings accounts in Denmark?

A savings account in Denmark holds cash separately from your everyday current account and pays interest on the balance. Danes use them for emergency funds, short-term goals and money they want kept safe rather than invested. After years of very low rates, savings accounts again pay meaningful interest, and a growing number of platforms let Danish savers compare deposit rates across many banks in one place.

How the Danish market works

Traditional banks offer savings accounts to their customers, while deposit marketplaces and challenger banks let you place money with a range of institutions, sometimes across the EU, to chase higher rates. Accounts fall broadly into easy-access, where you can withdraw at any time, and notice or fixed-term accounts, which pay more in exchange for locking the money away.

Rates in Denmark are typically variable and can change as market conditions shift, so a headline rate today may not last. Interest earned is taxed as capital income, which affects your net return. Because rates and terms vary widely, comparing several providers, including marketplaces, is worthwhile before parking a large balance.

Benefits

Savings accounts keep cash safe while still earning a return.

Capital safety — deposits are protected up to EUR 100,000 per bank under the Danish guarantee scheme.

Liquidity options — easy-access accounts let you withdraw at any time, useful for an emergency fund.

Higher rates for notice — accepting a notice period or fixed term usually earns a better rate.

Marketplace choice — deposit platforms let you compare and open accounts at several banks with one login.

How to choose

Decide first how quickly you might need the money. For an emergency fund, prioritise easy access even at a slightly lower rate; for money you can set aside, a notice or fixed-term account pays more. Compare the interest rate, whether it is variable or fixed, any conditions such as minimum balances, and how interest is credited.

Check that the provider is covered by a deposit guarantee scheme and understand the tax treatment of your interest. If you use a marketplace, confirm which bank actually holds your money and its guarantee coverage, since the limit applies per institution.

Leading providers in Denmark

Jyske Bank and Lunar offer savings alongside everyday banking. Raisin DK is a deposit marketplace giving access to rates from multiple banks. Facit Bank, Santander, Bluestep Bank DK, Multitude Bank DK and Klarna Savings DK are specialist and challenger providers competing on rate. Because offers change, compare the current rate and terms rather than relying on brand reputation alone.

What it costs

Savings accounts themselves are usually free to hold; the figure that matters is the interest you earn, which in Denmark currently ranges from roughly 0.75% to around 2.5% depending on access terms and provider. Rates are typically variable and can move, and interest is taxed as capital income, reducing your net return. Watch for conditions that only pay the top rate above a minimum balance or within a notice period.

Protections and regulation

Banks are supervised by Finanstilsynet, the Danish FSA, and deposits are protected by Garantiformuen up to EUR 100,000 per depositor per bank. When using a marketplace, the guarantee applies to the underlying bank holding your money, so spreading large sums across institutions keeps more of it covered. Opening an account generally requires identity verification with MitID.

Common questions

Is my money safe? Yes, up to EUR 100,000 per bank under the Danish guarantee, so split larger balances across institutions. Will the rate change? Most Danish savings rates are variable and can rise or fall, so review them periodically. Is a notice account worth it? If you can commit the money, the higher rate usually is, but keep enough in easy access for emergencies.

Savings Accounts in Denmark — FAQ