Let’s grow your savings
Savings are always good to have. Setting saving goals can be part of planning for the future, milestones, repairs or housing purchase.
Welcome to your savings consultation!
Together we’ll find the savings plan that best fits your needs. Book a consultation at a time of your choosing in the appointment icon (speech bubble) below.
Asset diversification reduces risk
Saving in funds allows you to spread your risk and increase the possibility of achieving good returns on your savings. You get a 25% discount on the initial fee of Landsbréf funds when you subscribe through online banking.
What account best suits your needs?
We offer a selection of accounts tailored to fit different needs. Creating an account in online banking only takes a couple of minutes.
It’s simple to start saving
With regular savings in online banking, you don’t need to remember to put funds aside. The amount doesn’t need to be large - small contributions quickly accumulate to larger amounts.
Convenient to save in app
It’s easy to start saving in the app. Set a goal, decide on an amount and time limit, and the app calculates how much you need to set aside each month to reach your target. You can save up by yourself or towards a joint goal with family or friends.
Monthly fund subscription
With a monthly subscription to a fund, no purchase fee is charged and you get a discount on the transaction charge. The minimum subscription amount is ISK 5,000.
How about contributing to savings every time you use your debit or credit card? You can round each transaction up by a set amount, or to the nearest hundred or thousand, and the amount is credited to your savings account.
Unsure which savings option to choose? We are always here to help and review the available savings plans. Book a consultation at a time of your choosing.
Creating a bank account is not complicated, even if you’re new to Iceland. To become a customer of an Icelandic bank, you first need an Icelandic identification number - kennitala. If you do not have an Id.No., your first step is to apply for one with Registers Iceland. The website of Registers Iceland, skra.is, has all information about how to apply.
The authorities have granted temporary dispensation to withdraw private pension savings (also referred to as supplementary pension savings) as a measure to assist individuals who suffer loss of income due to the Covid-19 pandemic.