Current Accounts and Savings Accounts

Saving Account

  • Index-linked savings account designed for long-term savings
  • Suitable for all ages
  • Ideal for regular savings
  • Three types of time-deposits; 3 years, 4 years and 5 years
  • Variable interest depending on duration of deposit

Saving Account, non-indexed

  • On-demand deposit account
  • Progressively rising interest rates
  • No withdrawal charge
  • Non-indexed
  • Cash on demand at any time

Domestic Foreign Currency Account

  • On-demand deposit accounts
  • Three-month time-deposit accounts

Retirement Account

  • Pension savings option
  • Suitable for investors seeking to avoid fluctuations
  • Index-linked growth
  • Higher deposit interest at any time
  • No net worth tax on balance

CD Account

  • For children, their parents and other benefactors
  • Regular savings or deposits at your convenience
  • Accounts can be opened and deposits made anytime before the age of 15
  • The balance is available for withdrawal on the child's eighteenth birthday
  • Best interest terms of regular deposit accounts

Current Account

  • Easy access to cash
  • Suitable for daily use
  • Option of overdraft
  • Easy to monitor deposits and withdrawals at Íslandsbanki's Internet Bank and ATMs

When opening a new bank account

Please note that when opening an account you will need to have the following information ready: Your full name, date of birth, legal domicile and, if your current residence is elsewhere, your residential address as well as your Id. No.

In order to verify that the information provided is correct, you will be required to present a passport, issued by a public authority. Please note that debit and credit cards are not valid identification.

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