Lands­bankinn changes in­terest rates

18 October 2021

Variable interest rates on non-indexed housing mortgages increase by 0.20 percentage points (pp). Fixed rates on new non-indexed 36-month mortgages increase by 0.15 percentage points and fixed rates on new non-indexed 60-month mortgages by 0.10 pp. Interest rates on inflation-indexed mortgages, both variable and fixed, are unchanged. 

Prime rates on non-indexed mortgages increase by 0.20 pp while prime rates on inflation-indexed mortgages are unchanged. Variable interest on non-indexed vehicle and equipment financing loans increase by 0.20 pp while interest rates on indexed loans remain the same. Overdraft rates increase by 0.25 pp.

Interest on non-indexed savings account increase by 0.15-0.25 pp, interest on fixed rate accounts increase by 0.15-0.25 pp 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 6 October, 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 19 October 2021. Changes to interest on loans governed by the Act on Consumer Loans or the Act on Mortgage Lending to Consumers enter into effect in accordance with notifications sent to customers in online banking.

You may also be interested in
18 Feb. 2025
New Savings Account in Polish Currency
We now offer a savings account in Polish currency, the zloty (PLN). This marks the first time an Icelandic bank has provided a foreign currency account in zloty.
17 Feb. 2025
Sagareg winner of Gulleggið 2025
The winner of the 2025 Gulleggið startup competition is Sagareg, which aims to simplify the creation of drug marketing authorisation applications using artificial intelligence and specialised software.
New temp image
16 Feb. 2025
Landsbanki app and online bank are back in operation
The issue that caused the app and online bank to be unavailable earlier today has now been resolved. We apologize for any inconvenience this may have caused.
Starfsfólk í útibúi Landsbankans á Akureyri
14 Feb. 2025
Akureyri branch moves to new location
Landsbankinn’s Akureyri branch has moved to a new location at Hofsbót 2-4 in downtown Akureyri. The branch is open between 10-16 while ATMs and other self-service equipment is accessible around the clock.
Austurbakki
13 Feb. 2025
Open sale process of Keahótel ends without sale
The open sale process of the 35% shareholding of Hömlur ehf., a subsidiary of Landsbankinn, in Keahótel ehf., has ended without the conclusion of a sale agreement.
Austurbakki
11 Feb. 2025
Landsbankinn issues AT1 securities
Today, Landsbankinn completed the sale of Additional Tier 1 (AT1) securities in the amount of USD 100 million. This marks the Bank’s inaugural AT1 securities issuance, with the securities sold to investors at a fixed interest rate of 8.125%.
Landsbankinn
7 Feb. 2025
Landsbankinn changes interest rates
Landsbankinn changes deposit and lending rates and the new interest rate tariff enters into effect on 13 February 2025.
7 Feb. 2025
Morning seminar on public-private partnership
Landsbankinn and the Federation of Icelandic Industries (SI) are hosting a joint seminar on Thursday, 13 March, on the public-private partnership in the field of infrastructure and transport.
Landsbankinn
5 Feb. 2025
Self-service solutions temporarily inaccessible 
Due to a system updates, customers will not be able to use the app and online banking on Wednesday, 5 February, between 21:30 and 23:00. Other self-service solutions will be inaccessible during work on the update.
Landsbankinn
5 Feb. 2025
No closures due to weather
Most Landsbankinn branches will remain closed today, 6 February, until the weather subsides. We will update information on a running basis, as opening hours are likely to vary between locations.
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