23 May 2025
Landsbankinn changes deposit and lending rates and the new interest rate tariff enters into effect on 3 June 2025.
The main changes are as follows:
Lending rates
- Variable interest rates on non-indexed housing mortgages decrease by 0.25 percentage points (pp).
- Prime interest rates on non-indexed loans decrease by 0.25 pp.
- Overdraft rates decrease by 0.25 pp.
Deposit rates
- Interest rates on non-indexed current accounts decrease by 0.25 pp.
- Interest rates on non-indexed savings accounts decrease by 0.25 pp.
- Interest rates on fixed-rate accounts decrease by 0.10-0.25 pp.
These changes follow the decision of the Central Bank of Iceland on 21 May 2025 to lower its key interest rate by 0.25 pp. Changes to interest on loans, governed by the Act on Consumer Loans or the Act on Mortgage Lending to Consumers, and changes to interest rates on payment accounts, governed by the Act on Payment Services, enter into effect in accordance with notifications sent to customers in online banking.
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16 May 2025
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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.
8 April 2025
The atmosphere was exciting and the house packed at Landsbankinn’s DesignMarch event on Friday, 4 April. The event began with a discussion about funding and design, and in the evening, young fashion designers took over the stage.
8 April 2025
First-time home buyers can use their supplementary pension savings to make tax-free payments towards their mortgage for a 10-year period. Just over 10 years have now passed since the solution was first enacted and, as a result, the authorisation will soon expire for many - if it hasn’t already.
27 March 2025
The services provided at Landsbankinn’s outlet in Seyðisfjörður will transfer to the Egilsstaðir branch on Friday, 4 April.
26 March 2025
Landsbankinn is one of the main sponsors of DesignMarch and an active participant in the festival. We will be hosting exciting events at the Bank’s headquarters in Reykjastræti and videos featuring seven designers will appear on our Youtube channel.
24 March 2025
Landsbankinn has digitised the communication of information about the estates of deceased persons on the date of death directly to the estate register of district commissioners. This includes the balance on accounts and housing mortgages.