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
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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%

1st step

250,000-1,000,000

1%

2nd step

1-5 million

1,4%

3rd step

5-20 million

1,7%

4th step

20-75 million

2%

5th step

75 million or more

2,05%

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.

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.

Have a look at our interest rates

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

Regular savings

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

Do you need help from a customer service representative?

Sometimes talking to someone makes all the difference. Contact us whenever you feel the need