Lending
Danish Krone (DKK).

How DKK lending actually works

Trade Republic and Revolut Ultra offer DKK-denominated savings yields that track the Danmarks Nationalbank's deposit rate. Trade Republic specifically offers DGS-protected DKK deposits at policy-rate-tracking yields (currently the highest sustained DKK retail yield in Denmark). Bunq Premium offers tiered yield on DKK balances. Note that yield products on non-EUR currencies are limited at most EU neobanks — Revolut and Bunq are the main multi-currency yield providers.

Watchouts and hidden costs

Some EU neobanks present 'savings interest' that's actually a money-market fund pass-through, which is NOT covered by Garantiformuen. Trade Republic specifically discloses whether each savings product is DGS-protected vs MMF-routed. Always check the deposit-protection footnote before parking material amounts of DKK above €100,000 (DKK equivalent).

What yield can I currently earn on DKK at an EU neobank?

Trade Republic offers the highest sustained DKK retail yield among EU neobanks, tracking the Danmarks Nationalbank's policy rate (with a small spread). Revolut Ultra and Bunq Premium offer competitive but typically lower yields. Yields change frequently — verify the current rate on the institution's product page before depositing.

Is my DKK balance insured at an EU neobank?

At credit-institution neobanks (Trade Republic, Revolut via Lithuanian licence, N26, Bunq), DKK balances are covered by Garantiformuen up to €100,000 (DKK equivalent). At EMIs (Wise), DKK balances are safeguarded but not deposit-insured. For amounts above the ceiling, consider splitting across multiple licensed institutions.

What is the difference between 'savings' and 'money market' on DKK at a neobank?

A savings product is a deposit at the bank covered by Garantiformuen. A money-market fund (MMF) is an investment product holding short-term government and corporate paper — not covered by deposit insurance. Many EU neobanks have moved retail yield products to MMF wrappers; check the product disclosure for the legal structure.