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’s best for you. You can book a consultation for whenever is best for you.

Fjölskylda við strönd um vetur
Asset diversification reduces risk

Saving in funds allows you to spread your risk and increases your chances of good returns on your savings.

Returns based on sustainability

With sustainable savings, you can make an impact by allocating your savings to projects and investments that support sustainability.

What’s the best account for you?

We offer a selection of accounts tailored to 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 have to remember to put funds aside. The amount doesn’t need to be large - small contributions grow quickly. 

Savings in the app - screenshot

Saving in the app is easy and convenient

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. 

Automatic transfers

You decide on an amount, when to make transfers and select a savings account. The transfer is made automatically each month. 

Monthly fund subscription

With a monthly subscription to a fund, no purchase fee is charged and you get a discount on the transaction fee. The minimum amount for monthly subscription is ISK 5,000.

Card savings

How about paying into your savings every time you use your debit or credit card? You can round up each transaction by a set amount, or to the nearest hundred or thousand. 

Fólk í sumarbústað

A shared view on finances

In the app, you can choose to let others view your finances or authorise them to perform basic transactions on your behalf, depending on what works best for you and those closest to you. It’s just as easy to cancel these access authorisations.

Calculate savings

Calculate the amount you need to set aside each month, for how long, or how much your savings will amount to at the end of a period.

24,703 kr.

Savings consultation

Unsure which savings plan to choose? We are always here to help and go over the savings plans we offer. You can book a consultation for whenever is best for you.

Make an appointment

Our advisors look forward to welcoming you. Select the type of service you are after.

Key information about pension savings

In Iceland, all wage earners aged 16 to 70 are obligated to pay a percentage of their wages toward mandatory pension savings.

Moving to Iceland and need a bank account?

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,, has all information about how to apply.

Points to consider before withdrawing private pension savings

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.


Join our group of satisfied customers

Applying for access to online banking and the app, creating an account and getting a debit card is a matter of minutes.


By clicking "Allow All", you agree to the use of cookies to enhance website functionality, analyse website usage and assist with marketing.

More on cookies