Home Saver Account

The Home Saver Account is for individuals aged between 15 and 34, 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

Advantages of Home Saver Account

  • 2.25% interest

  • No minimum or maximum deposits

  • Neither service fees, redemption fees nor other fees

  • Non-blocking account

What suits me?


The Home Saver Account is suitable for all individuals aged between 15 and 34. Withdrawals are done by contacting us and the account closes automatically once the first withdrawal is made. Once an account has been closed, it is not possible to create another Home Saver account.

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.

Calculate your savings

Further information and Terms