Home Saver Account

The Home Saver Account is for individuals aged between 15 and 35, who want to save for their first home and secure a higher interest rate.

Each customer can only apply for this account once.

Next step

You can use Íslandsbanki Online Banking to apply for a First Home Saver Account
Apply

Advantages of Home Saver Account

  • 1,2% interests

  • Fixed for 17 months from the first deposit - After that time, the account can be withdrawn with 31 days notice and the payout can take place at any bank's point of service.

  • No minimum or maximum deposits

  • Neither service fees, redemption fees nor other fees

  • Ideal for those who intend to buy a property in the near future.

What suits me?

Check with the nearest branch of Íslandsbanki for advice. Together, we review the savings and credit options available. Buying housing is a big decision. Therefore, it is important to weigh and evaluate all the benefits of the situation.

Our housing consultants have extensive experience and a good understanding of the situation of young property buyers.

Book an appointment

Want to know more?

Do you need help? This information might help. If you need further assistance, then you can chat with us via the online chat or call us.

Have a look at our interest rates

The interest rate table shows the interest rates for different savings accounts.

Regular savings

Automatically transferring money to a savings account each month is the most efficient and effective way to save.

First buy

Finding the money to pay for your first home can be tough. We offer an extra loan of up to ISK 3 million to help you take that first step.