Interest rates and fees

Sparireikningar - savings accounts	Rates
Sparireikningur 3 *	0.05%
Sparireikningur 12 **	0.10%
Sparireikningur 24 ***	0.45%

* Fixed term for 3 months.

** Fixed term for 12 months.

*** Fixed term for 24 months (1% withdrawal fee on deposits withdrawn prior to expiry of the fixed term).

Framtíðargrunnur	Rates
Framtíðargrunnur, non-indexed trust account *	1.80%
Framtíðargrunnur, indexed trust account **	0.30%

* Fixed term until the age of 18.

** Fixed term until the age of 18 (minimum 3 years).

Fasteignagrunnur	Rates
Fasteignagrunnur, non-indexed trust account	1.80%
Fasteignagrunnur, indexed trust account	0.30%

30-day premium interest account

Kjörbók	Rates
Kjörbók	0.05%

When a certain level on the Vaxtareikningur Premium has been reached, the interest rate of that level applies to the whole amount.

Vaxtareikningur Premium	Rates
Balance of ISK 0-199,999	0.10%
Balance of ISK 200,000-999,999	0.10%
Balance of ISK 1,000,000-4,999,999	0.15%
Balance of ISK 5,000,000-19,999,999	0.20%
Balance over 20,000,000	0.25%
Monthly interest, balance of ISK 0-199,999	0.10%
Monthly interest, balance of ISK 200,000-999,999	0.10%
Monthly interest, balance of ISK 1,000,000-4,999,999	0.15%
Monthly interest, balance of ISK 5,000,000-19,999,999	0.20%
Monthly interest, balance over ISK 20,000,000	0.25%

Vaxtareikningur Varðan 60	Rates
Balance over 20,000,000	0.25%
Monthly interest, balance over ISK 20,000,000	0.25%
Monthly interest, balance of ISK 0-20,000,000	0.20%
Balance of ISK 0-20,000,000	0.20%

Indexed savings accounts

Landsbók	Rates
Landsbók - 36-month term (3 years)	0.00%
Landsbók - 48-month term (4 years)	0.05%
Landsbók - 60-month term (5 years)	0.10%
Landsbók - 36-month term (3 years) - monthly interest	0.00%
Landsbók - 48-month term (4 years) - monthly interest	0.05%
Landsbók - 60-month term (5 years) - monthly interest	0.10%

Vacation pay accounts, indexed	Rates
Vacation pay accounts	0.00%

Lífeyrisbók	Rates
Lífeyrisbók, indexed pension savings accounts	0.30%
Lífeyrisbók, non-indexed pension savings accounts	1.80%

Current accounts	Rates
General chequing accounts	0.05%
Einkareikningur personal chequing accounts	0.05%
Náman (student) and Klassi accounts	0.05%
Varðan Premium accounts - Level 1 balance: ISK 0-250,000	0.05%
Varðan Premium accounts - Level 2 balance: over ISK 250,000 *	0.10%

* Interest rates on the second level apply to the deposit which exceeds the first level.

Domestic FX accounts	Rates
Deposits in USD - unrestricted	0.15%
Deposits in USD - 3-month fixed term	0.30%
Deposits in USD - 6-month fixed term	0.45%
Deposits in GBP - unrestricted	0.05%
Deposits in GBP - 3-month fixed term	0.20%
Deposits in GBP - 6-month fixed term	0.35%
Deposits in CAD - unrestricted	0.45%
Deposits in CAD - 3-month fixed term	0.60%
Deposits in CAD - 6-month fixed term	0.80%
Deposits in DKK - unrestricted	0.00%
Deposits in DKK - 3-month fixed term	0.05%
Deposits in DKK - 6-month fixed term	0.10%
Deposits in NOK - unrestricted	0.45%
Deposits in NOK - 3-month fixed term	0.60%
Deposits in NOK - 6-month fixed term	0.75%
Deposits in SEK - unrestricted	0.00%
Deposits in SEK - 3-month fixed term	0.05%
Deposits in SEK - 6-month fixed term	0.10%
Deposits in CHF - unrestricted	0.00%
Deposits in CHF - 3-month fixed term	0.05%
Deposits in CHF - 6-month fixed term	0.10%
Deposits in JPY - unrestricted	0.00%
Deposits in JPY - 3-month fixed term	0.05%
Deposits in JPY - 6-month fixed term	0.10%
Deposits in EUR - unrestricted	0.00%
Deposits in EUR - 3-month fixed term	0.05%
Deposits in EUR - 6-month fixed term	0.10%

Fixed rate account. Minimum amount ISK 500,000. 2% withdrawal fee on withdrawn amount if account is terminated prior to expiry of the fixed term.

Fastvaxtareikningur	Rates
Fixed rate account, 6-month term deposit	0.85%
Fixed rate account, 24-month term deposit	1.50%
Fixed rate account, 60-month term deposit	3.20%
Fixed rate account, 3-month term deposit	0.75%
Fixed rate account, 12-month term deposit	0.95%
Fixed rate account, 36-month term deposit	2.65%

Premium rate account. Withdrawals with 31-day notice.

Vaxtareikningur 30	Rates
Balance of ISK 1,000,000-4,999,999	0.35%
Balance over ISK 60.000.000	0.65%
Balance of ISK 0-999,999	0.25%
Balance of ISK 20.000.000-59.999.999	0.55%
Balance of ISK 5,000,000-19,999,999	0.45%

Inflation	Rates	Old interest rate
12-month inflation	3.49%	3.58%

Interest rate chart

Here you can download the bank's interest rate chart in a print-friendly version.

Latest Interest Rate Chart

Valid from 1 December 2020

Previous Interest Rate Chart

Valid from 17 November 2020

Interest rate development

Variable interest rate development from 2008

The service centre is open weekdays 9am - 4pm Branches' opening hours ATMs

Landsbankinn hf.
Austurstræti 11, 155 Reykjavik
Reg. No. 471008-0280
Swift/BIC: NBIIISRE
Tel: +354 410 4000
landsbankinn@landsbankinn.is
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In­t­erest rates and fees

Sparireikningar - savings accounts

Framtíðargrunnur

Fasteignagrunnur

Kjörbók

Vaxtareikningur Premium

Vaxtareikningur Varðan 60

Landsbók

Vacation pay accounts, indexed

Lífeyrisbók

Current accounts

Domestic FX accounts

Fastvaxtareikningur

Vaxtareikningur 30

Inflation

Interest rate chart

Interest rates and fees