Updated October 21, 2026 · SumCue Editorial Team
Afranga vs Danske Bank DK
Afranga
Danske Bank DK
Higher score in this comparison
Where Afranga and Danske Bank DK differ
| Compare | AfrangaReviewVisitVisit | Danske Bank DKReviewSee alternativesSee alternatives |
|---|---|---|
| Minimum deposit | €10 | DKK 10,000 |
| Deposit protection | None: not covered by any deposit guarantee scheme or investor compensation scheme | EU DGS up to EUR 100,000 |
| Access terms | Early withdrawal of up to 30% of the SaveSmart investment, max EUR 5,000, 1% fee | 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 |
| Monthly fee | €0 | DKK 0 |
| Headline rate | 8% to 10% | Not confirmed |
| Regulators | Financial Supervision Commission of Bulgaria | Not confirmed |
Same on both: Rate type (Fixed), Term (3 to 12 months), Account kind (Fixed).
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Key differences
- Danske Bank DK scores higher overall: 9.5 vs 8.8.
- Founded is lower at Danske Bank DK: 1871 vs 2021.
- Support channels: only Afranga offers Email.
- Support channels: only Danske Bank DK offers Chat.
- Pricing model: only Afranga offers Low fees.
- Pricing model: only Danske Bank DK offers Fixed rate.
Our verdict on each
Afranga
Afranga is a peer-to-peer lending platform, and its SaveSmart product suits beginners who want a fixed target return over a short term, with an account fee of €0 and a minimum investment of €10. The money funds loans rather than sitting in a deposit, so it is outside every deposit guarantee scheme and investor compensation...
Danske Bank DK
Danske Bank suits Danish households and students who want everyday banking, a card and a fixed-rate savings account at the same provider. The Mastercard Direct debit card carries a monthly fee of DKK 0, and savings terms run 3 to 12 months at a fixed rate.
Score breakdown
| Area | Afranga | Danske Bank DK |
|---|---|---|
| Cost | 9.0Free deposits and withdrawals, plus an entry point of €10, keep the cost side simple for a saver. | 9.2HigherMiddling on cost: the free ATM allowance is DKK 0 and the fixed-rate savings route asks for a DKK 10,000 minimum deposit. |
| Offer | 9.3HigherHeadline rate of 8% to 10% at a fixed rate over 3 to 12 months, against a site median headline rate of 3%. | 9.0 |
| Trust | 8.3A named company trading since 2021 under Resolution 863/12.09.2023, with no protection scheme behind the funds. | 10.0Higher |
Ranges side by side
| Fact | Afranga | Danske Bank DK |
|---|---|---|
| Term | 3 to 12 months | 3 to 12 months |
Sources behind this comparison
Afranga
- afranga.com: 14 facts, checked October 1, 2026
Danske Bank DK
- danskebank.dk: 11 facts, checked September 26, 2026
- en.wikipedia.org: 1 fact, checked September 26, 2026
How they place
| Ranking | Afranga | Danske Bank DK |
|---|---|---|
| Savings | 39 of 1492 | 90 of 1492 |
| Fixed-rate bonds and term deposits | 5 of 199 | 11 of 199 |
Every fact side by side
| Fact | Afranga | Danske Bank DK |
|---|---|---|
| Pricing model | Low fees | Fixed rate |
| Legal entity | Afranga EOOD | Danske Bank A/S |
| Headquarters | Bulgaria | Denmark |
| Founded | 2021 | 1871Lower |
| Support channels | Email, Phone, Help centre | Phone, Chat, Help centre |
Loans
| Fact | Afranga | Danske Bank DK |
|---|---|---|
| Loan amount | Not confirmed | from DKK 10,000 |
| Credit check | Not confirmed | Hard |
| Features | Not confirmed | Travel |
| Lender type | Not confirmed | Direct lender |
| Eligibility | Not confirmed | Must be 18 or older and have sound finances (stated for Kassekredit credit line) |
| Loan types | Not confirmed | Personal, Credit line, Car, Secured |
Credit cards
| Fact | Afranga | Danske Bank DK |
|---|---|---|
| Rewards type | Not confirmed | Cashback |
| Rewards rate | Not confirmed | Cashback at 2,000+ shops, merchant-set rates |
| Perks | Not confirmed | Up to 45 days interest free credit on min. 15,000 DKK (40 days from 20 Nov 2026), Two cards in one: credit and debit, Up to 6,000 DKK cash withdrawal per day abroad, 25% discount at Danske Bank Aviator Business Lounge, Option to buy travel insurance, Instalment payments over 2 12 instalments on purchases over 500 DKK, Mastercard Priceless benefits |
| Card kind | Not confirmed | Credit |
| Audience | Beginners | Student, Kids |
Mortgages
| Fact | Afranga | Danske Bank DK |
|---|---|---|
| Fixed period | Not confirmed | 10 years |
| Maximum loan to value | Not confirmed | 95% |
| Purpose | Not confirmed | Purchase, Remortgage, Home equity |
Where each stands against the rest
| Fact | Afranga | Danske Bank DK | Median |
|---|---|---|---|
| Headline rate | 8% to 10%highest quarter | Not confirmed | 3.3 |
| Term | 3 to 12 monthslowest quarter | 3 to 12 monthslowest quarter | 60 |
Median across 710 listed providers.
Pros and cons
Afranga
Pros
- Support runs on email, phone and help centre, so a phone line sits alongside written replies and a help centre.
- The service is aimed at beginners, and the money goes into a single fixed account rather than a mixed pot.
- Afranga runs on a low fees model, which keeps the pricing short instead of tiered.
Cons
- Protection is thin: deposit protection and investor protection are both absent, so neither a deposit guarantee scheme nor an investor compensation scheme stands behind the balance if Afranga fails.
- Access terms cut both ways, since early withdrawal reaches only part of the investment, capped at a ceiling, with a percentage fee on the amount taken.
- The term runs 3 to 12 months, shorter than a site median term of 36, so the fixed return is tied up for a brief window.
Danske Bank DK
Pros
- The Mastercard Direct debit card charges a monthly fee of DKK 0 and ranks 1 of 422 brands on that measure.
- Balances carry EU DGS up to EUR 100,000 protection, and the legal entity Danske Bank A/S is supervised in Denmark by Finanstilsynet.
- The card range covers a debit card and a credit card, with cashback rewards at Cashback at 2,000+ shops, merchant-set rates.
Cons
- Free ATM withdrawals are DKK 0, and the brand sits at 44 of 124 brands on that measure.
- Savings are tied: terms run 3 to 12 months on a fixed rate basis, and early withdrawal costs a penalty.
- Consumer borrowing runs a hard credit check and starts at from DKK 10,000.
Who each suits
Afranga
Who it suits
- Beginners placing a first sum somewhere, since the service is aimed at beginners.
- Savers who can commit for a term of 3 to 12 months and want the return set at the start.
- Anyone comfortable holding the balance themselves, with no deposit guarantee scheme or investor compensation scheme behind it.
Who should look elsewhere
- Savers who want the smallest possible start, since XTB takes a minimum deposit of €0.
- Anyone comparing entry cost across platforms, with Bitpanda taking a minimum deposit of €1 and Afranga asking €10.
- Savers who want a guaranteed payout behind the balance: no deposit guarantee scheme or investor compensation scheme covers the money here.
Danske Bank DK
Who it suits
- Danish households keeping everyday money, a card and a savings term at the same bank.
- Students and younger customers, the stated audience of student and kids.
- Homebuyers, with mortgages at a 95% maximum loan to value fixed for 10 years at a time.
Who should look elsewhere
- Wise, for readers whose money sits in more than a single market and want a single account instead.
- bunq, for a euro account priced at a monthly fee of €0.
Country by country
| Country | Afranga | Danske Bank DK |
|---|---|---|
| Denmark | No | Yes |
Questions about each
Afranga
What rate does Afranga pay on SaveSmart?+
The headline rate is 8% to 10% a year, and the rate type is fixed, so the return is set when the account opens rather than following the market. For scale, the median headline rate across the site is 3%. The money goes into a single fixed account.
How long do I have to leave my money in?+
The term is 3 to 12 months, which is short next to a site median term of 36. Because the account kind is fixed and the rate is fixed, both the return and the dates are fixed at the start, which suits people who can treat the sum as set aside.
Danske Bank DK
What does the card cost to run?+
The Mastercard Direct debit card has a monthly fee of DKK 0, and Danske Bank places 1 of 422 brands on that measure. It is a debit card on the mastercard network, so spending draws straight from the current account.
How is the money in the account protected?+
Balances are covered by EU DGS up to EUR 100,000, the EU deposit guarantee scheme, and the account is held by Danske Bank A/S, supervised in Denmark by Finanstilsynet. The scheme covers money left on deposit rather than balances spent on the card.
Other options to compare
Other matchups
Afranga
Danske Bank DK