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
Apply

Advantages of Home Saver Account

  • 6.95% interest

  • No minimum or maximum deposit

  • No service fees, or other fees

  • No lock-in period

What suits me?

The Home Saver Account is suitable for individuals aged between 15 and 34. You can withdraw money from the account, which closes automatically once the first withdrawal is made, by contacting us. You can only open a Home Saver account once.

Buying a home is a big decision. Our mortgage consultants can help you explore all the available options to help you open the door to your first home.

Book an appointment

Calculate your savings

Further information and Terms

Want to know more about savings?

Have a look at our interest rates

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

See more

Regular savings

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

See more

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.

See more

General Terms and Conditions