Fastvaxtareikningur
Fastvaxtareikningur
The Fastvaxtareikningur savings account is a good choice for companies able to invest their funds for up to two years. The interest rate is determined by the term of restriction and are fixed for the selected period. Once the fixed term expires, the account is terminated and its balance deposited to an account for disbursement selected when the account was opened. A new account must be created for each deposit. A withdrawal fee is charged if the account is closed prior to expiry of the fixed term. See withdrawal fee in tariff.
- Fixed term of 3, 6, 12 or 24 months
- Non-indexed
- Minimum deposit of ISK 500.000
- Interest paid annually
- Terms and conditions (PDF)
The interest rate is determined by the fixed term
| Fixed term | Annual interest |
|---|---|
| 3 months | %interest266% |
| 6 months | %interest267% |
| 12 months | %interest268% |
| 24 moths | %interest269% |
Calculate savings
Calculate the amount you need to set aside each month, for how long, or how much your savings will amount to at the end of a period. The calculations are based on monthly interest payments.
It’s simple to start saving
With regular savings in online banking, you don’t need to remember to put funds aside. The amount doesn’t need to be large - small contributions quickly accumulate to large savings.
Automatic transfers
You decide on an amount, when to make transfers and select a savings account. Transfers will take place automatically each month.
Card savings
How about contributing to savings every time you use your debit or credit card? Each transaction can be rounded up to a pre-determined amount or to the next hundred or thousand.
Join our group of satisfied customers
Applying for access to online banking and the app, creating an account and getting a debit card is a matter of minutes.