7 February 2025
Landsbankinn changes deposit and lending rates and the new interest rate tariff enters into effect on 13 February 2025.
Lending rates
- Variable interest rates on non-indexed housing mortgages decrease by 0.50 percentage points (pp).
- Prime interest rates on non-indexed loans decrease by 0.50 pp.
- Overdraft rates decrease by 0.50 pp.
- Three-year fixed interest rates on new non-indexed housing mortgages decrease by 0.10 pp.
- Five-year fixed interest rates on new non-indexed housing mortgages decrease by 0.20 pp.
Deposit rates
- Variable interest rates on non-indexed current accounts decrease by 0.50 pp.
- Variable interest rates on non-indexed savings accounts decrease by 0.50 pp.
- Interest rates on foreign currency accounts change for the most part in accordance with changes to policy rates and market rates for the relevant currency.
These changes follow the decision of the Central Bank of Iceland on 5 February, when the CBI lowered its key interest rate by 0.50 pp. The interest rate changes also have regard for market rates and other financing terms of Landsbankinn.
Changes to interest rates 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.
Changes to interest on payment accounts governed by the Act on Payment Services enter into effect with two months’ notice in accordance with the terms and conditions for such accounts.
You may also be interested in
23 June 2025
On 19 June 2025, TM’s branch in the capital area moved to Landsbankinn’s headquarters at Reykjastræti 6 in central Reykjavík. The TM and Landsbankinn team are happy to welcome customers there.
4 June 2025
Fintech company YAY and Landsbankinn have come together to create a new company, Yayland ehf., which will specialise in the development, sale, issuance and operation of both digital and physical prepaid cards, gift certificates and loyalty cards. Yayland will take over the entire gift card operation of YAY in Iceland as well as all issuance and operation of prepaid cards for Landsbankinn.
3 June 2025
Landsbankinn awarded sixteen talented students with scholarships from the Bank’s Community Fund on 28 May. This was the 36th allocation of scholarships which amount in total to ISK 8 million. Over 450 applications were received this year.
26 May 2025
Holtaskóli has emerged as the winner of Skólahreysti 2025 and is the Skólahreysti champion! The exciting final competition between 12 schools took place before a packed auditorium at the sports hall Varmá in Mosfellsbær, Saturday 24 May.
23 May 2025
Landsbankinn changes deposit and lending rates and the new interest rate tariff enters into effect on 3 June 2025.
16 May 2025
Landsbankinn Corporate Finance acted as an independent financial advisor to the Icelandic government and supervised the marketed public offering of the State’s remaining shareholding in Íslandsbanki, a sizeable and well-organised project that garnered significant attention from investors.
16 May 2025
Landsbankinn advertises for sale its buildings at Austurstræti 11 and Hafnarstræti 10, 12 and 14 in Reykjavík. The combined size of the buildings is 5,836 square metres, including 1,380 square metres of basement area. The buildings will be sold as one lot.
28 April 2025
S&P Global Ratings has today announced an upgrade of Landsbankinn’s long-term credit rating from BBB+ to A-. This is the highest the Bank’s credit rating has been since 2014, when S&P started issuing ratings for the Bank.
16 April 2025
Landsbankinn’s branches and service centres will as usual be closed over Easter and open again on Tuesday, 22 April.
9 April 2025
Landsbankinn Economic Research today published its economic forecast to 2027. Economic Research forecasts 1.4% economic growth this year and 2.1% next year. Rarely has uncertainty been greater and the forecast can be said to hold until further notice.