Updated October 17, 2026 · VaultCue Editorial Team
Danske Bank DK vs TARGOBANK
Danske Bank DK
Higher score in this comparison
TARGOBANK
Where Danske Bank DK and TARGOBANK differ
| Compare | Danske Bank DKReviewSee alternativesSee alternatives | TARGOBANKReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | DKK 0 to DKK 49 | €0 |
| Local account details | IBAN | Not confirmed |
| Free ATM withdrawals | Not confirmed | €0 |
| Transfer fee | Not confirmed | 3,50 EUR per transfer handled in a branch; online and SEPA transfers free |
Same on both: Deposit protection (EU DGS up to EUR 100,000).
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Key differences
- Danske Bank DK scores higher overall: 9.6 vs 9.4.
- Founded is lower at Danske Bank DK: 1871 vs 1926.
- Support channels: only Danske Bank DK offers Chat, Help centre.
Our verdict on each
Danske Bank DK
Danske Bank's Danske Toprente suits adults in Denmark who can leave their savings untouched for the full term, and the everyday side is cheap at monthly fees of DKK 0 to DKK 49. The reward sits on the fixed term account, so pick this one to hold savings rather than to spend day to day.
TARGOBANK
TARGOBANK suits savers who need same-day access to the full balance, and students and teens building a first balance. It is an easy access account from a bank that has operated since 1926, with deposits covered under EU DGS up to EUR 100,000 and support running on email and phone.
Score breakdown
| Area | Danske Bank DK | TARGOBANK |
|---|---|---|
| Cost | 9.3A DKK 10,000 minimum deposit and a penalty for early withdrawal weigh against a low everyday fee, so cost is a balance, not a win. | 9.3Monthly fee of €0 and minimum deposit of €0 put the running cost at the floor, with branch transfers the only charge listed. |
| Offer | 9.4Higher | 8.8Headline rate of 3.25% sits close to the 3.08% median, so the offer is solid rather than standout. |
| Trust | 9.9 | 9.9 |
How they place
| Ranking | Danske Bank DK | TARGOBANK |
|---|---|---|
| Savings accounts | 51 of 1420 | 115 of 1420 |
| Student, teen and kids accounts | 12 of 273 | 37 of 273 |
Every fact side by side
| Fact | Danske Bank DK | TARGOBANK |
|---|---|---|
| Audience | Student, Teen | Student, Teen |
| Pricing model | No monthly fee | No monthly fee |
| Features | Free ATM | Free ATM |
| Legal entity | Danske Bank A/S | TARGOBANK AG |
| Headquarters | Denmark | Germany |
| Founded | 1871Lower | 1926 |
| Support channels | Email, Chat, Phone, Help centreCovers more | Email, Phone |
Savings
| Fact | Danske Bank DK | TARGOBANK |
|---|---|---|
| Headline rate | Not confirmed | 3.25% |
| Rate type | Fixed | Variable |
| Term | 3 to 12 months | Not confirmed |
| Minimum deposit | DKK 10,000 | €0 |
| Access terms | Danske Toprente: money is tied for 3, 6 or 12 months; early withdrawal costs a penalty of at least DKK 250; when the period ends the account is automatically changed to a Danske Indslaan-type account; minimum age 18 | Daily availability of the full balance, no notice period; withdrawals to the reference account, minimum age 14, reference account required |
| Account kind | Fixed | Easy access |
Money transfer
| Fact | Danske Bank DK | TARGOBANK |
|---|---|---|
| Payout methods | Bank | Not confirmed |
Where each stands against the rest
| Fact | Danske Bank DK | TARGOBANK | Median |
|---|---|---|---|
| Free ATM withdrawals | Not confirmed | €0below the median | €1 |
Median across 67 listed accounts.
Pros and cons
Danske Bank DK
Pros
- Monthly fees of DKK 0 to DKK 49 on the everyday account, and the bank lists a no monthly fee model (no monthly fee).
- Deposits sit with the EU deposit guarantee scheme at EU DGS up to EUR 100,000.
- Help is available by email, chat and phone, so a phone line and live chat are both in the mix.
Cons
- A fixed rate over a term of 3 to 12 means the balance stays put for months at a time.
- A minimum deposit of DKK 10,000 ties up real cash, and taking money out early costs a penalty.
- The stated audience is student and teen, so the account is pitched at a narrower group than a general current account.
TARGOBANK
Pros
- The full balance is available daily with no notice period, and withdrawals go to the reference account, so the easy access setup stays genuinely liquid.
- Deposits sit under EU DGS up to EUR 100,000, a named compensation scheme rather than a private promise.
- free atm comes with the account, and the bank lists student and teen as its audience.
Cons
- Support runs on email and phone only, which is a narrow channel list for a retail savings product.
- A transfer handled in a branch carries a charge, while online and SEPA transfers stay free.
- The rate is variable, so savers after a locked return get no fixed term here.
Who each suits
Danske Bank DK
Who it suits
- Adults in Denmark with savings to place for a set period and no need for daily access to the balance.
- Readers who want deposit protection through the EU guarantee scheme rather than a payments account.
- Younger savers in Denmark: the stated audience is student and teen and the everyday account carries free ATM withdrawals.
Who should look elsewhere
- bunq, if a monthly fee of €0 makes the fee the main reason to switch.
- Pixpay FR, for a euro account with a monthly fee of €3.99 rather than Danish kroner.
- bunq Spain Bank Account, if a monthly fee of €0 and a bank outside Denmark fit better.
TARGOBANK
Who it suits
- Savers who want the full balance back the same day without giving notice.
- Students and teens starting out, since the listed audiences are student and teen.
- Euro holders who prefer a bank to an app: TARGOBANK AG is based in Germany and has run since 1926.
Who should look elsewhere
- Plazo ES, listed at 24.19%, and AXI Card Tarjeta y Credito, at 21.59%, sit well above 3.25%, so rate hunters have other places to look.
- PayPal Colombia, at 3.3%, edges ahead of 3.25% and suits people who would rather hold a wallet balance than bank savings.
Current offers
Danske Bank DK
Current offer
Discount code
0 kr. in trading commission right now: 0 DKK trading commission (kurtage)
Offer runs until and including 1 March 2027; shown for the investment savings account (aktiesparekonto)
Source, checked September 26, 2026
First period offer
Free first 3 months of the Danske Hverdag+ basis package: 0 kr. for the first 3 months
First 3 months free of the Danske Hverdag+ basis package; afterwards 0-49 kr. per month depending on business volume
Source, checked September 26, 2026
Country by country
| Country | Danske Bank DK | TARGOBANK |
|---|---|---|
| Denmark | Yes | No |
| Germany | No | Yes |
Questions about each
Danske Bank DK
What does the account cost each month?+
Monthly fees run DKK 0 to DKK 49 on the everyday account, and the bank groups that under a no monthly fee model (no monthly fee). Basic banking is the part that stays cheap; the reward for saving sits on the fixed term account rather than on day to day spending.
Is my deposit protected?+
Yes. Deposits are covered by the EU deposit guarantee scheme at EU DGS up to EUR 100,000. Danske Bank A/S is supervised in Denmark by Finanstilsynet, the Danish Financial Supervisory Authority, so the money sits with a bank rather than a payments firm.
TARGOBANK
What rate does TARGOBANK pay on this savings account?+
The account pays a headline rate of 3.25% that is variable, so the figure can move with the bank's pricing rather than being locked in. The account is easy access, which keeps the money available while it earns. Deposits sit with TARGOBANK AG, which is based in Germany.
Is there a monthly fee or a minimum deposit?+
A monthly fee of €0 applies to the savings account, and the minimum deposit is €0. In practice the account can be opened with a small first transfer and left running without a monthly charge to watch for. The features listed for the account include free atm.
Other options to compare
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Danske Bank DK
TARGOBANK