4 October 2024
Landsbankinn announce changes to deposit and lending rates effective as of Wednesday 9 October 2024. The main changes are as follows:
Lending rates
- Variable interest rates on non-indexed housing mortgages decrease by 0.25 percentage points (pp), to 10.50%.
- Prime interest rates on non-indexed loans decrease by 0.25 pp.
- Overdraft rates decrease by 0.25 pp.
Deposit rates
- Interest rates on non-indexed current accounts decrease by 0.10-0.25 pp.
- Interest rates on non-indexed savings accounts decrease by 0.10-0.25 pp.
- Interest rates on foreign currency accounts change to reflect the policy rate and market rates in the respective currency.
These changes follow the interest rate decision of the Central Bank of Iceland from 2 October, when the CBI lowered the policy rate by 0.25 pp. Interest rate changes also have regard for market rates and other financing terms of Landsbankinn.
Changes to lending rates 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.
Changes to interest rates on payment accounts governed by the Act on Payment Services enter into effect with two months’ notice in accordance with the terms and conditions of the respective accounts.
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6 Dec. 2024
In her address to the anniversary meeting of Háskólasjóður Eimskipafélag Íslands, Halla Tómasdóttir, the President of Iceland, spoke of the importance of higher education, innovation and research. Three recipients of grants from the Fund presented their doctoral theses.
4 Dec. 2024
We would like to draw attention to the fact that individuals with active arrangements for allocating supplementary pension savings towards the principal of their mortgage do not need to reapply for a continuation as the arrangement will automatically renew at the end of the year.
4 Dec. 2024
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29 Nov. 2024
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22 Nov. 2024
Landsbankinn has made changes to the maximum loan term for new inflation-indexed mortgages and the loan-to-value (LTV) ratios for both indexed and non-indexed mortgages.
22 Nov. 2024
Landsbankinn changes deposit and lending rates and the new interest rate tariff enters into effect on Monday 2 December 2024. The main changes are as follows:
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