Future Plan (CD account)

Future Plan is an indexed savings account for children and young people who want to lock in their savings until the age of 18.

Next step

You can use Íslandsbanki Online Banking to apply for a Future Plan Account
Interest rates
1,50%
When can you withdraw?
18th birthday
Interest payout
Annual
Type of account
Indexed

Main benefits

  • Balance is available for withdrawal on eighteenth birthday

  • The interest rate is the highest on offer

  • No minimum deposit

  • No fees or royalties

Why choose Future Plan?


The Future Plan Account is the perfect gift from loved ones who want to help create a future nest egg for the child or young person in question. The account can be opened before the child or young person's 15th birthday and deposits can be made until their 18th birthday. The account closes automatically once a withdrawal is made.

A coming of age present from Íslandsbanki


Coming of age is an exciting moment in any young person’s life and the future is in their hands. A nest egg is the first step in learning about money management and saving for the things that matter.

Íslandsbanki contributes ISK 6,000 if a child or young person decides to deposit their coming of age money in a Future Plan Account. The minimum deposit in this case would be ISK 30,000.

Calculate your savings

Your deposit

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