Anyone who has the app and has reached 13 years of age.
If you don’t have the app, download it here.
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More on cookiesWhen you create Smart Savings in the app, an account called Markmið is opened. The account carries higher interest, is non-indexed and has no fixed term. The account is for individuals and can only be opened in the app and on L.is. When you save in the app, you can set savings goals and select savings plans that will help you achieve that goal.
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 easy to start saving in the app. Set a goal, decide on an amount and time limit, and the app calculates how much you need to set aside each month to reach your target. You can save up by yourself or towards a joint goal with family or friends.
Applying for access to online banking and the app, creating an account and getting a debit card is a matter of minutes.