Freedom and responsibility go hand in hand


You become financially independent and fully responsible for your finances at the age of 18.

What does financial independence mean?

Now you make all the decisions about your money

You become financially independent and fully responsible for your finances at the age of 18. You now have the same rights and responsibilities as an adult.

You should start planning for the future by familiarising yourself with all our options and choosing the solutions that suit you. You might want to start a new savings plan or apply for a credit card. You should also take a look at our price list to understand how our transaction and service fees work.

Savings


Saving for your future is essential. Regular savings and automatically transferring money to a savings account each month are the most efficient ways to save money.

Regular savings

With regular savings, you choose a fixed amount that is automatically deposited into your savings account each month or a fund that you have chosen. You choose which method is better for you and your savings goals.

More on regular savings

Saving accounts

We offer a variety of savings options to suit everyone. Have a look at our options.

Look at our saving accounts

Good advice

  • Are you 18?

    Future Plan Account

    The lock-in period for your Future Plan Account ends when you turn 18. Money can be withdrawn from the account for one month after the lock-in period is over, i.e., you can withdraw money for one month from the date of your 18th birthday. A new lock-in period then begins, and you will need to give us 90-day notice of any withdrawals. You will need to contact us by email or visit one of our branches to arrange the withdrawal. You cannot withdraw only part of the savings because the account automatically closes when a withdrawal is made. You can transfer the amount to any other account in your name. The amount is automatically transferred three months after your request.

  • Savings

    Reserve fund

    A reserve fund can help bridge the gap if something comes up. You should try to set ISK 100,000 aside so that you won't need to borrow or suffer financially if something unexpected happens.

    Regular savings

    With regular savings, you choose a fixed amount that is automatically deposited into your savings account each month or a fund that you have chosen. You choose which method is better for you and your savings goals.

  • 2% salary increase

    Private Pension

    Sign up for a private pension

    A private pension plan is one of the easiest ways to secure a better future. In fact, you might be miss­ing out on a 2% salary raise and the chance to use your private pension towards the purchase of a new home. You can apply for a private pension, even if you are just working part-time.

  • Costs

    Loans

    Borrowing money costs money. Have a look at the different interest rates and fees for each loan before making any decisions.

    Default

    Falling behind on your payments can have an effect on your credit history. You should only consider taking a loan if you can afford the repayments and are able to pay on time.

Students


Have a look at the various products and services specifically designed to meet your student needs.

Make an appointment


Choosing the right savings plan means setting up a plan that suits your finances, lifestyle and your objectives. Our advisors can provide you with expert advice on savings accounts and fund subscriptions. Just book an appointment and we will do the rest.

Book an appointment

You can book a telephone call with one of our advisors or an appointment at a branch

Fetching services…