Start saving today

Start saving for the things that matter to you. Be prepared for those unexpected costs. Open a savings account with us and worry less about the future.

Financial well being

Your financial well-being matters to us. Our diverse range of options are designed to meet your needs.

Choose the right savings account

Savings accounts
Pension savings
Regular savings

Savings accounts

9 products match the search criteria

Instant Access

Non-indexed savings account suitable for short term savings

Non-indexed
Cash on demand
Interest paid yearly
1,65%

Foreign Currency

Suitable for those who want an interest-bearing deposit account in foreign currency

Non-indexed
Cash on demand
Interest paid yearly
Interest table

Interest Rise

Suitable for long term savings with progressively rising interest rates

Non-indexed
Fixed term of 10 days
Interest paid yearly
1,45%-2,65%

Sixty Plus

A tax efficient savings account for customers aged 60+

Non-indexed
Cash on demand at any time
Interest paid yearly
2,30%-2,65%

Interest Rise 30

The entire balance is locked-in with no fixed final date

Non-indexed
Fixed term of 31 days
Interest paid yearly
2,55%-3,35%

Fixed Deposit

Locked-in savings account with a minimun deposit of ISK 100,000.

Non-indexed
Fixed term of 1-12 months
Interest paid monthly
2,55%-3,75%

First Home Saver

Suitable for customers saving to buy a home.

Non-indexed or indexed
Fixed term of 17-36 months
Interest paid yearly
1,50%-3,20%

Future Plan

Suitable for children and young people.

Indexed
Locked-in until 18th birthday
Interest paid yearly
1,50%

Simple Save

Variable interest rate depending on lock- in period.

Indexed
Fixed term of 36, 48 or 60 months
Interest paid monthly
1,10%-1,30%

There are no more products in this category.

Are you missing out on a 2% pay raise?

You contribute 2-4% of your monthly income to your personal pension and your employer contributes an additional 2% on top of your wage. This is one of the easiest ways to secure a better future.

Find out more

Regular savings

The secret to saving is simplicity. Choose a fixed sum of money, with or without an investment option and we will automatically transfer it to your savings account each month. We do the work for you.

You can use Íslandsbanki Online Banking to choose the amount and which account you would like it transferred to. The money is transferred automatically and saving becomes effortless. Regular saving is still one of the most efficient ways to save money.

Regular savings

Want to know more?

Do you need help? This information might help. If you need further assistance, then you can chat with us via the online chat or call us.

Have a look at our interest rates

The interest rate table shows the interest rates for different savings accounts.

Regular savings

Automatically transferring money to a savings account each month is the most efficient and effective way to save.

Do you need help from a customer service representative?

Sometimes talking to someone makes all the difference. Contact us whenever you feel the need.