Finances

Ungt fólk

What changes when you be­come fin­an­cially com­pet­ent?

When you become financially competent, you become responsible for managing your money and your business relationships. This is an ...
Seðlabanki Íslands
6 Sept. 2024
Economic management in times of inflation
Inflation is subsiding slower than hoped for and, despite high policy rates, the Central Bank’s 2.5% inflation target remains a pie in the sky. Why is it hard to get inflation under control and what can be done?
Ungt fólk
29 August 2024
First-time buyers and supplementary pension savings
Using supplementary pension savings is a great way to finance your first home. It can be used tax free for a down payment on your first residential housing purchase or paid towards your mortgages for up to 10 years.
14 August 2024
“Are the banks really allowed to do this?”
What is customer due diligence really? Why do the banks keep asking all these questions and what are they doing with my responses? And do I really need to respond?
Rafræn greiðsla
10 Nov. 2023
What does it cost to take short-term loans and spread payments?
In order to compare terms on short-term loans, it’s not enough to look at the interest and interest rate only - we need to take the entire cost of borrowing into account, such as borrowing charges and payment fees. Loans that allow the borrower to spread payment across a longer period frequently offer terms that equal 30-40% annual interest. And that's a lot!
Lyftari í vöruhúsi
7 June 2023
Inflation, inflation, inflation - some key facts
Inflation, policy rate, inflation expectations and exchange rate. What do these concepts mean and why are they important?
16 March 2020
Use banking services for mobiles and the Internet
In most cases, there is no need to visit a bank branch to utilise banking services as most main transactions and various services can be accessed using mobile phones or a computer. This is a summary of services that do not require bank visits or human contact.
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