Fixed Interest Account

The Fixed Interest Account is a locked-in savings account that requires a minimum deposit of ISK 100,000. Interest paid monthly to a separate deposit account

Next step

You can use Íslandsbanki Online Banking to apply for a Fixed Interest 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

0.30%*

3 months

0,75%*

6 months

1,00%*

1 year

1.20%*

*Interest on annual basis according to current interest table

Why choose a Fixed Interest 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 12 months, then this is the account for you.

How can I withdraw from my account?


The amount is transferred to the account chosen by you when you opened the savings account, at the end of the fixed period.

Savings calculator for Fixed Interest Account

Your deposit

kr
Savings period

More information