Interest rates and fees

Sparireikningar - savings accounts	Rates	Old interest rate
Sparireikningur 3 *	0.05%
Sparireikningur 12 **	0.10%
Sparireikningur 24 ***	0.60%	0.45%
Markmið	0.60%	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*** Fixed term for 24 months (1% withdrawal fee on deposits withdrawn prior to expiry of the fixed term).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	Old interest rate
Framtíðargrunnur, indexed trust account *	0.30%
Framtíðargrunnur, non-indexed trust account **	2.35%	2.15%

* Fixed term until the age of 18.

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

Fasteignagrunnur	Rates	Old interest rate
Fasteignagrunnur, indexed trust account	0.30%
Fasteignagrunnur, non-indexed trust account	2.35%	2.15%

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	Old interest rate
Balance of ISK 0-199,999	0.50%	0.35%
Balance of ISK 200,000-999,999	0.50%	0.35%
Monthly interest, balance of ISK 0-199,999	0.50%	0.35%
Monthly interest, balance of ISK 200,000-999,999	0.50%	0.35%
Balance of ISK 1,000,000-4,999,999	0.60%	0.45%
Monthly interest, balance of ISK 1,000,000-4,999,999	0.60%	0.45%
Balance of ISK 5,000,000-19,999,999	0.70%	0.55%
Monthly interest, balance of ISK 5,000,000-19,999,999	0.70%	0.55%
Balance over 20,000,000	0.80%	0.65%
Monthly interest, balance over ISK 20,000,000	0.80%	0.65%

Vaxtareikningur Varðan 60	Rates	Old interest rate
Monthly interest, balance of ISK 0-20,000,000	0.70%	0.55%
Balance of ISK 0-20,000,000	0.70%	0.55%
Balance over 20,000,000	0.80%	0.65%
Monthly interest, balance over ISK 20,000,000	0.80%	0.65%

Indexed savings accounts

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

Vacation pay accounts, indexed	Rates
Vacation pay accounts	0.00%

Lífeyrisbók	Rates	Old interest rate
Lífeyrisbók, indexed pension savings accounts	0.30%
Lífeyrisbók, non-indexed pension savings accounts	2.35%	2.15%

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	Old interest rate
Deposits in DKK - unrestricted	0.00%
Deposits in SEK - unrestricted	0.00%
Deposits in CHF - unrestricted	0.00%
Deposits in JPY - unrestricted	0.00%
Deposits in EUR - unrestricted	0.00%
Deposits in GBP - unrestricted	0.05%
Deposits in DKK - 3-month fixed term	0.05%
Deposits in SEK - 3-month fixed term	0.05%
Deposits in CHF - 3-month fixed term	0.05%
Deposits in JPY - 3-month fixed term	0.05%
Deposits in EUR - 3-month fixed term	0.05%
Deposits in USD - unrestricted	0.10%
Deposits in DKK - 6-month fixed term	0.10%
Deposits in SEK - 6-month fixed term	0.10%
Deposits in CHF - 6-month fixed term	0.10%
Deposits in JPY - 6-month fixed term	0.10%
Deposits in EUR - 6-month fixed term	0.10%
Deposits in GBP - 3-month fixed term	0.20%
Deposits in USD - 3-month fixed term	0.25%
Deposits in GBP - 6-month fixed term	0.35%
Deposits in USD - 6-month fixed term	0.40%
Deposits in CAD - unrestricted	0.40%
Deposits in NOK - unrestricted	0.50%	0.20%
Deposits in CAD - 3-month fixed term	0.55%
Deposits in NOK - 3-month fixed term	0.65%	0.35%
Deposits in CAD - 6-month fixed term	0.75%
Deposits in NOK - 6-month fixed term	0.80%	0.50%

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	Old interest rate
Fixed rate account, 3-month term deposit	1.50%	1.25%
Fixed rate account, 6-month term deposit	1.55%	1.35%
Fixed rate account, 12-month term deposit	1.60%	1.45%
Fixed rate account, 24-month term deposit	1.75%	1.60%

Premium rate account. Withdrawals with 31-day notice.

Inflation	Rates
12-month inflation	4.27%

Sustainable premium account

Vaxtareikningur premium sustainable	Rates	Old interest rate
Balance of 0-199,999	0.50%	0.35%
Balance of 200,000-999,999	0.50%	0.35%
Balance of 1,000,000-4,999,999	0.60%	0.45%
Balance of 5,000,000-19,999,999	0.70%	0.55%
Balance over 20,000,000	0.80%	0.65%

Sustainable premium account

Vaxtareikningur premium sustainable - Corporate	Rates	Old interest rate
Balance of 0-199,999	0.50%	0.35%
Balance of 200,000-999,999	0.50%	0.35%
Balance of 1,000,000-4,999,999	0.60%	0.45%
Balance of 5,000,000-19,999,999	0.70%	0.55%
Balance over 20,000,000	0.80%	0.65%