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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29 Sept. 2025
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25 Sept. 2025
Due to a systems update, online banking and the app will be closed between 6:45-7:15 on Friday, 26 September. Other self-service solutions will also be closed during this update.
23 Sept. 2025
Guðrún Nielsen has been hired to join Landsbankinn Corporate Finance as a Project Manager. She has already taken up the position.
19 Sept. 2025
We have cancelled or lowered fees that apply to transactions in Landsbréf funds, making it even more favourable than before to invest in funds.
17 Sept. 2025
In accordance with the decision of its Annual General Meeting, Landsbankinn has today paid a dividend to its owners in the amount of ISK 9,446 million. As a result, total dividend paid by the Bank in the years 2013-2025 amounts to ISK 210.6 billion.
15 Sept. 2025
Dana Zaher El Deen K. Al Hennaw and Diana Al Barouki are the recipients of grants from Landsbankinn’s Hvatasjóður fund, rewarded in the form of scholarships for undergraduate studies at the University of Reykjavík (RU) in 2025-2026.
10 Sept. 2025
Thórunn Inga Ingjaldsdóttir has been hired to head the new Insurance team in the Personal Banking division at Landsbankinn as of early October.
3 Sept. 2025
As of 8 September 2025, the close of business on banking days for the deposit systems of the Icelandic Banks’ Data Centre (RB) will be set back from 21:00 to 24:00. This means that transactions such as transfers, carried out between 21:00 and 24:00, will be registered on the same day.