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Lands­bank­inn lowers in­t­erest rates

Landsbankinn has recently established itself as the financial undertaking that offers the most competitive lending rates. Since the Central Bank of Iceland embarked on the current rate-cutting programme, Landsbankinn has generally lowered lending rates more than deposit rates.
28 May 2020 - Landsbankinn

Landsbankinn has recently established itself as the financial undertaking that offers the most competitive lending rates. Since the Central Bank of Iceland embarked on the current rate-cutting programme, Landsbankinn has generally lowered lending rates more than deposit rates.

Variable interest rates on non-indexed housing mortgages decrease by 0.50 percentage points. Fixed rates on non-indexed housing loans decrease by 0.50 pp and rates on inflation-indexed housing loans decrease by 0.30 pp.

Premium rates on non-indexed loans decrease by 0.50 pp and premium rates on inflation-indexed loans decrease by 0.30 pp. Interest on non-indexed vehicle and equipment financing loans decrease by 0.05 pp. Overdraft interest rates decrease by up to 0.75 pp.

Deposit interest rates decrease by 0.05 - 0.75 pp.

A new interest rate tariff enters into effect on 1 June and will contain more detailed information.

Landsbankinn most recently lowered interest rates on 14 April, mostly to reflect the cut in the bank levy.

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