Future Plan

Suitable for long term savings for children and young people. The account must be open before the child´s 18th birthday. The perfect gift from loved ones who want to help create a future nest egg for the child or young person in question.

Interest rates
2.50% interest
When can you withdraw?
18th birthday
Interest payout
Type of account

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

  • No deposits after the age of 18.

Envision the future

Help your child see the future and make their dreams come true, no matter how big or small they are.

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

Further information and Terms