Fixed Deposit Account

The Fixed Deposit Account is a locked-in savings account that requires a minimum deposit of ISK 100,000.

Next step

You can use Íslandsbanki Online Banking to apply for a Fixed Deposit Account

Main benefits

  • No fees or royalties

  • No deposit amount limit

  • One single deposit

  • Amount must be deposited on the same day the account is opened

  • Interest paid monthly

  • Non-indexed savings account

You choose the lock-in period


Lock-in period

Interest rate

1 month

0.65%

3 months

1.75%

6 months

1.90%

1 year

1.90%

Why choose a Fixed Deposit Account?


Are you an individual or company looking for a high interest rate? If you can deposit at least ISK 100,000 without withdrawing any money for anything up to five years, then this is the account for you.

How can I withdraw from my account?


The full amount (deposit+ interest) is transferred to the account chosen by you when you opened the savings account, at the end of the fixed period.