First Home Saver Account – indexed

The First 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.

Next step

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

You can choose between two good options


The indexed account is suitable if you intend to buy a property after a period of three years or more. The non-indexed account is suitable if you intend to buy a property in the near future.

Indexed

Non-indexed

1,50% interest*

3,20% interest*

Fixed term of 36 months from the first deposit

Fixed term of 17 months from the first deposit

No minimum or maximum deposit

No minimum or maximum deposit

No fees or royalties

No fees or royalties

Why choose a First Home Saver Account?


If you are between the ages of 15 and 35 and intend to buy a property after a period of three years or more, then this is the account for you. No minimum or maximum deposit and no fees or royalties.

Free credit check


If you save a minimum of ISK 5,000 every month, during the lock-in period on your savings account, then we can offer you a free credit check and a 50% discount on loan fees when you buy a new home. We will also waive the loan fee for first time buyers.