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.
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.