Interest Rise

Interest Rise is a non-indexed savings account with stepped interest. The interest rises as your savings increase.

Next steps

You can use Íslandsbanki Online Banking to apply for an Interest Rise Account

Main benefits

  • No fees or royalties

  • Interest paid monthly

  • 10 days' notice

  • No minimum deposit

  • Non-indexed deposit account

High interest rates depending on the amount saved


Step

Amount

Interest rate

Initial step

Less than 250,000

1,45%

1st step

250,000-1,000,000

1,45%

2nd step

1-5 million

1,95%

3rd step

5-20 million

2,25%

4th step

20-75 million

2,55%

5th step

75 million or more

2,65%

Why choose Interest Rise?


If you want a higher rate of interest with a short notice period, then this is the account for you. You can withdraw money with only 10 days' notice.