News

Lands­bank­inn changes in­t­erest rates - fix­ed rates on hous­ing mort­ga­ges unchanged

Variable interest rates on non-indexed housing mortgages increase by 0.20 percentage points (pp). Fixed rates on non-indexed housing mortgages are unchanged. Interest rates on inflation-indexed housing mortgages, both variable and fixed, are also unchanged.
31 August 2021

Variable interest rates on non-indexed housing mortgages increase by 0.20 percentage points (pp). Fixed rates on non-indexed housing mortgages are unchanged. Interest rates on inflation-indexed housing mortgages, both variable and fixed, are also unchanged.

Prime rates on non-indexed loans increase by 0.20 pp while prime rates on inflation-indexed loans are unchanged. Interest on non-indexed vehicle and equipment financing loans increase by 0.20 pp. Overdraft rates increase by 0.25 pp.

Interest on non-indexed savings account increase by 0.20 pp, interest on fixed rate accounts increase by 0.25 pp in most cases while interest rates on general current accounts are unchanged.

This interest rate decision of Landsbankinn follows the rate hike of the Central Bank of Iceland on 25 August, when the CBI raised rates by 0.25 pp. Interest rate changes also have regard for bond market yields and other financing terms of the Bank.

Landsbankinn's new interest rate tariff enters into effect on 1 September 2021. Changes to interest on loans governed by the Act on Consumer Loans or the Act on Housing Mortgages to Consumers enter into effect in accordance with notifications sent to customers in online banking.

Interest rates and fees

You may also be interested in
7 Jan. 2022

Íslenski lífeyrissjóðurinn publishes detailed information on the sustainability of investments

The pension fund Íslenski lífeyrissjóðurinn has published information on the sustainability platform of companies and funds the pension fund invests in. The pension fund also published information about GHG emissions from its domestic investment portfolio. This is the first time an Icelandic pension fund releases such detailed information about the sustainability of its investments.
New temp image
5 Jan. 2022

Sigríður Guðmundsdóttir new HR Manager at Landsbankinn

Sigríður Guðmundsdóttir has been hired as Landsbankinn’s HR Manager.
Kona
22 Dec. 2021

We find solutions

We are here to help find solutions. Banking service and financial advice is available over the phone or remote meetings, through email or web chat on landsbankinn.is. Due to restrictions on gatherings, branch visits will be by appointment only as of 23 December.
New temp image
21 Dec. 2021

Three new managers at Landsbankinn

Landsbankinn has hired three new managers in Risk Management, Asset Management & Capital Markets and the Marketing department.
New temp image
6 Dec. 2021

Landsbankinn Corporate Finance advises Reginn on real estate development transaction

Reginn hf. and Hagar hf. concluded a subscription agreement on 3 December 2021, providing for subscriptions to shares in real estate developer Klasi ehf. Reginn will own a third of shares in Klasi and pay for its shares with an asset portfolio comprised of assets for sale and property for development.
New temp image
24 Nov. 2021

Landsbankinn changes interest rates

Variable interest rates on non-indexed housing mortgages increase by 0.35 percentage points (pp). Fixed rates on non-indexed 36-month housing mortgages increase by 0.30 pp and fixed rates on non-indexed 60-month housing mortgages by 0.25 pp. Interest rates on inflation-indexed housing mortgages, both variable and fixed, are unchanged.
New temp image
24 Nov. 2021

New Head of Landsbankinn Asset Management

Búi Örlygsson has taken up the position of Head of Asset Management at Landsbankinn. Búi has 21 years of experience of asset management and has worked for Landsbankinn since the year 2000. Asset Management falls under the Bank’s Asset Management & Capital Markets division.
New temp image
9 Nov. 2021

Verification system for card use – changes to Visa website

Please note that minor changes are set to be made to the website that appears when Visa cardholders are asked to confirm online purchase with code. The changes will apply as of Wednesday, 10 November 2021.
9 Nov. 2021

Exhibition of abstract art in Austurstræti 11

Landsbankinn has opened an exhibition of 20 abstract works from its collection in its Austurstræti 11 branch. The exhibition will be open during the branch's opening hours.
3 Nov. 2021

We’re opening a sandbox to develop new solutions

A new Act on Payment Services has entered into effect. In response, we have opened a sandbox that allows fintechs and other companies in the sector to develop fintech solutions that link to the Bank’s systems.
Cookies

By clicking "Allow All", you agree to the use of cookies to enhance website functionality, analyse website usage and assist with marketing.

More on cookies