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:
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 0.25 pp.
- 36-month fixed interest rates on new non-indexed housing mortgages increase by 0.20 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 0.15 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 0.25 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 20 May, when the CBI raised 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.
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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.
17 April 2026
The cooling trend in the domestic economy looks set to continue longer than previously predicted. Economic growth will be modest and mainly export driven. The outlook is for 4.8% inflation this year and it is likely that the policy rate will be raised to 8.25%, also this year. There are signs of slackening in the labour market, with increasing unemployment and lower demand for workers.
1 April 2026
Landsbankinn’s branches and service centres will as usual be closed over Easter and open again on Tuesday, 7 April.
26 March 2026
Alfa Framtak has reached an agreement with Orkla Snacks to acquire all shares in Nói Síríus.
26 March 2026
Landsbankinn and Icelandic Student Services (Félagsstofnun stúdenta (FS)) have extended their co-operation agreement for a term of two years. Under the terms of the agreement, Landsbankinn will provide all general banking and payment services to FS and its operating segments. The Bank will also handle asset management and fund investment for FS and together, FS and Landsbankinn will partner to host various events and projects.
26 March 2026
All bank branches are open again.
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:
16 March 2026
On 25 February 2026, Landsbankinn announced that the Bank offered to repurchase shares from shareholders during the period from and including 2 March 2026 up to and including 13 March 2026.
10 March 2026
Landsbankinn, in collaboration with TM, now offers insurance to individuals and families. The Bank’s customers receive better terms and first-rate insurance service.