Landsbankinn’s interest rates change as of 12 December 2022. This interest rate decision follows the decision of the Central Bank of Iceland on 23 November, when the CBI raised rates by 0.25 percentage points (pp). Interest rate changes also have regard for market rates and other financing terms of Landsbankinn.
Main changes
Landsbankinn’s variable interest rates on non-indexed housing mortgages increase by 0.25 pp, to 7.50%. Variable interest rates on inflation-indexed housing mortgages increase by 0.25 pp. Fixed rates on new, non-indexed housing mortgages increase by 0.10-0.15 pp and rates on new, inflation-indexed housing mortgages increase by 0.15 pp.
Premium rates on non-indexed and indexed loans increase by 0.25 pp and overdraft rates increase by 0.25 pp.
Variable interest rates on non-indexed savings accounts increase by 0.25 pp
Interest on non-indexed savings accounts in general increase by 0.25 pp and interest on general current accounts increase by 0.05 pp.
The new interest rate tariff enters into effect on Monday, 12 December 2022. Changes to interest on loans governed by the Act on Consumer Loans or the Act on Mortgage Lending to Consumers enter into effect in accordance with notifications sent to customers in online banking.
If a loan (consumer loan or real estate loan to consumers) carries a variable interest rate, the change enters into effect 30 days after the interest rate notification. Interest on loans that carry a fixed rate do not change during the fixed rate period.
![Sigurður Árni Sigurðsson](https://images.prismic.io/landsbankinn/Zp_WmB5LeNNTxboe_SK-LB2024_BK211163.png?fit=max&w=3840&rect=150,0,2404,1803&q=50)
![](https://images.prismic.io/landsbankinn/Zsxc_UaF0TcGJY-i_elvar-thor-karlsson.jpg?fit=max&w=3840&rect=240,0,1440,1080&q=50)
![Lúðrasveit á Menningarnótt](https://images.prismic.io/landsbankinn/ZsXDcUaF0TcGJKZX_Feature_18009.jpeg?fit=max&w=3840&rect=0,0,800,600&q=50)
![Netbanki](https://images.prismic.io/landsbankinn/92e7a426-af51-430b-95d2-9ceeef1f1d2a_Tolva-2023-Netbanki-einstaklinga.png?fit=max&w=3840&&q=50)
![](https://images.prismic.io/landsbankinn/ZpUzJh5LeNNTxKWz_landsbankinn_gay_pride-5_medium1600x1067.jpg?fit=max&w=3840&&q=50)
![Stúlka með síma](https://images.prismic.io/landsbankinn/c8831a3c-db04-49f2-9649-78176beedd34_5U3A4396_graded.jpg?fit=max&w=3840&&q=50)
![Austurbakki](https://images.prismic.io/landsbankinn/ced8837c-715d-4bd8-921f-a043ee61f45e_Austurbakki.png?fit=max&w=3840&&q=50)
![Björn A. Ólafsson](https://images.prismic.io/landsbankinn/ZobJ9h5LeNNTwzOO_LB2024_BK210509.jpg?fit=max&w=3840&&q=50)
![Landsbankinn.pl](https://images.prismic.io/landsbankinn/ZoU3LR5LeNNTwwKc_tolva-pl-2024.jpg?fit=max&w=3840&&q=50)
![](https://images.prismic.io/landsbankinn/43e0b07e-8747-4f5c-8ebe-3169c50e1e25_LB_Hrifunes_0672_01.jpg?fit=max&w=3840&rect=0,0,1708,1281&q=50)