Vaxtareikningur
Vaxtareikningur
Vaxtareikningur premium rate account is a convenient investment option for customers in the age range of 0-59 years. Interest rates are incremental, depending on the balance, and are paid monthly or at the end of each year. When interest is paid out monthly, the interest rate is still applied on an annualised basis.
- No term restrictions
- Non-indexed
- Monthly or annual interest payments
- Terms and conditions (PDF)
- Tariff (PDF)
- Terms and concepts (PDF)
Interest
| Interest level | Amount | Monthly intr. | Annual intr. |
|---|---|---|---|
| Base level | 0 - 199,999 | %interest19% | %interest14% |
| Level one | 200,000 - 999,999 | %interest20% | %interest15% |
| Level two | 1,000,000 - 4,999,999 | %interest21% | %interest16% |
| Level three | 5,000,000 - 19,999,999 | %interest22% | %interest17% |
| Level four | Over 20,000,000 | %interest23% | %interest18% |
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.