Simple Save

Simple Save is an indexed savings account where a longer lock-in period means higher interest.

Next steps

You can use Íslandsbanki Online Banking to apply for a Simple Save account.

Main benefits

  • No fees or royalties.

  • Higher interest rate with longer lock-in period.

  • Interest paid monthly.

  • Indexed savings account.

You choose the lock-in period


We offer three different lock-in periods and the lock-in period dictates the interest rate. A longer lock-in period means higher interest.

Step

Lock-in period

Interest rate

Simple save 36

3 years

0.00%*

Simple save 48

4 years

0.05%*

Simple save 60

5 years

0.10%*

Interest subject to current interest table*

Why choose Simple Save?


The longer the lock-in period, the higher the interest. Each deposit is locked in for a chosen period and can be withdrawn for a period of one month after the lock-in period is over. The money becomes locked-in once again after the one month open withdrawal period and can then be withdrawn with three months’ notice.

Further information and Terms


Calculate your savings

Your deposit

kr
Savings period
kr