Foreign Currency Account

A Foreign Currency Account is suitable for those who want to save in a foreign currency.

Next step

You can use Íslandsbanki Online Banking to apply for a Foreign Currency Account
When can you withdraw?
Account type
Interest payout

Main benefits

  • No fee on ISK withdrawals

  • 1.5% fee if withdrawals are in foreign currency

  • Interest rate of 0.25% with a 3 month lock-in period and 0.5% with a 6 month lock-in period

  • A wide choice of foreign currencies

Why choose a Foreign Currency Account?

Suitable for those who are willing to take on the risk associated with utilising currency fluctuations.