Landsbankinn lowers loan and deposits rates.
The main changes are:
Housing mortgages
- Variable rates on non-indexed housing mortgages decrease by 0.25 pp.
- Fixed rates on new housing mortgages decrease by 0.10-0.20 pp.
- Fixed rates on new inflation-indexed housing mortgages decrease by 0.10 pp.
Other lending rates
- Prime rates on non-indexed loans decrease by 0.25 pp.
- Overdraft rates decrease by 0.25 pp.
Deposit rates
- Interest rates on non-indexed deposit accounts decrease by 0.25 pp.
- Changes to deposit rates on domestic FX accounts are based on the interest rate of the currency of denomination.
These changes follow the decision of the Central Bank of Iceland on 19 November, when the CBI lowered its key interest rate by 0.25 pp.
The change to fixed rates on new housing mortgages enters into effect Monday 24 November 2025. The decrease 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. The decrease 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. The change to variable deposit and lending rates enters into effect Thursday 27 November 2025.
