20 March 2025
Landsbankinn changes deposit and lending rates and the new interest rate tariff enters into effect on 27 March 2025. The main changes are as follows:
Lending rates
- Variable interest rates on non-indexed housing mortgages decrease by 0.25 percentage points (pp).
- 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 0.25 pp.
- Interest rates on non-indexed savings accounts decrease by 0.25 pp.
- Interest rates on fixed-rate accounts decrease by up to 0.25 pp.
These changes follow the decision of the Central Bank of Iceland on 19 March, when the CBI lowered its key interest rate by 0.25 pp.
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.
Changes to interest on payment accounts governed by the Act on Payment Services enter into effect with two months’ notice in accordance with the terms and conditions for such accounts.
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Landsbankinn has digitised the communication of information about the estates of deceased persons on the date of death directly to the estate register of district commissioners. This includes the balance on accounts and housing mortgages.
21 March 2025
The branches of TM and Landsbankinn in Akureyri, Reykjanesbær and Vestmannaeyjar will merge on Monday, 24 March 2025, allowing customers to get both banking and insurance service in one place.
3 March 2025
Landsbankinn’s building at Reykastræti in Reykjavík has received the Concrete Award 2025 from the Icelandic Concrete Association. The Association annually recognises built structures that combine original and professional use of concrete in the man-made environment.
28 Feb. 2025
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21 Feb. 2025
Landsbankinn’s canteen in Reykjastræti 6 has been recertified under the Nordic Swan Ecolabel, for the first time since the Bank moved to its new headquarters. The Bank’s canteen has been verified by the Nordic Swan since 2013 and was the first canteen in Icelandic to receive such certification.
21 Feb. 2025
On 20 February 2025, the Nordic Investment Bank (NIB) launched an ISK 8.5 billion environmental bond in its first issuance in the ISK bond market in over 16 years. The bonds are issued under NIB’s Environmental Bond Framework. Landsbankinn coordinated promotion and sale of the bonds to investors.
20 Feb. 2025
Online banking for corporates is now even more convenient and user-friendly. Changes include a completely new approach to payments, a new log-in and authentication processes and a new dashboard that facilitates overview. In the past weeks, users have gradually been transitioned to the new online banking version. We plan to complete the migration by the end of March.
18 Feb. 2025
We now offer a savings account in Polish currency, the zloty (PLN). This marks the first time an Icelandic bank has provided a foreign currency account in zloty.
17 Feb. 2025
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16 Feb. 2025
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