23 March 2026
Landsbankinn changes deposit and lending rates. Changes to fixed rates on new housing mortgages enter into effect Monday 23 March 2026. Other interest rate changes take effect on Friday, 27 March 2026. The main changes are:
Interest rates on housing mortgage
- Variable interest rates on non-indexed housing mortgages increase by 0.25 percentage points (pp).
- 12-month fixed interest rates on new non-indexed housing mortgages increase by 0.35 pp.
- 36-month fixed interest rates on new non-indexed housing mortgages increase by 0.25 pp.
- 60-month fixed interest rates on non-indexed housing mortgages increase by 0.15 pp.
- Fixed rates on new inflation-indexed housing mortgages decrease by 0.25 pp.
Other lending rates
- Prime interest rates on non-indexed loans increase by 0.25 pp.
- Overdraft rates increase by 0.25 pp.
Deposit rates
- Interest rates on savings accounts in the app increase by 0.25 pp.
- Interest rates on other non-indexed savings accounts increase by up to 0.25 pp.
- Interest rates on non-indexed fixed-rate accounts increase by up to 0.35 pp.
- Interest rates on foreign currency accounts are based on the interest rate of the currency of denomination.
These changes follow the decision of the Central Bank of Iceland on 18 March, when the CBI lowered 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 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
8 July 2026
Landsbankinn Corporate Finance acted as advisors to the sellers on the sale of 100% shares in Nicetravel ehf., one of the leading operators of organised small-group tours for tourists in Iceland. The company was acquired by a group of Icelandic investors.
19 June 2026
Laufey Rún Ketilsdóttir has joined the new Media & Research department at Landsbankinn as a communication and PR specialist. The department plays a key role in ensuring coordinated and strategic information disclosure from the Bank.
12 June 2026
The design of Reykjastræti 6 received BREEAM certification in the summer of 2023 and now the construction and fit-out of the building have achieved the same certification. Both phases received the rating Excellent, which is the second-highest level in the BREEAM certification system. The Bank’s building is the first project in Iceland to receive final certification with this rating under the 2016 BREEAM standard.
5 June 2026
On Wednesday 3 June 2026, Rarik ohf. completed an offering of a new green bond series, RARIK 100633 GB, accepting bids in the total amount of ISK 10 billion. This marks the company's first green bond issuance under its Green Financing Framework.
5 June 2026
We are excited to launch Vild, Landsbankinn’s new reward system, which is based on customers’ overall relationship with us. Customers collect points from using the Bank’s products and services, and are rewarded for the length of their business relationship with the Bank. Customers can level up by collecting more points to claim even better benefits.
29 May 2026
Landsbankinn awarded sixteen talented students with scholarships from the Bank’s Community Fund on 27 May. This was the 37th allocation of scholarships and the total amount was raised to ISK 10 million this year. Over 330 applications were received.
26 May 2026
Grunnskóli Húnaþings vestra emerged as the winner of Skólahreysti 2026 in exciting finals at Varmá in Mosfellsbær on Saturday 23 May. The competition was exciting and fun with the winning team performing brilliantly across the board and scoring a total of 60 points.
21 May 2026
Landsbankinn changes deposit and lending rates. Changes to fixed rates on new housing mortgages enter into effect Friday 22 May 2026. Other interest rate changes take effect Thursday 28 May 2026, with the exceptions listed below. The main changes are:
20 May 2026
Jón Thór Grímsson has been hired as new Chief Legal Officer of Landsbankinn.
15 May 2026
Applications for Landsbankinn's Reykjavík Culture Night fund 2026 are now open. The application deadline is up to and including 31 May. The Culture Night fund is a collaboration between the City of Reykjavík and Landsbankinn, a central pillar of the festival since its inception.