Planning for the future
We assist young people with their first steps in banking services.
We assist young people with their first steps in banking services.
Confirmation children and their peers are entitled to a matching contribution from us if deposits are made to a Future Account or Housing Savings and invested in Stefnir funds before December 31, 2026.
If 30,000 ISK is deposited into a Future Account or Housing Savings, you'll receive a 6,000 ISK matching contribution. Additionally, you'll receive 5% of any amount deposited above 30,000 ISK, up to a maximum of 200,000 ISK. We offer the same when you purchase Stefnir funds.
Therefore, the total matching contribution can be up to 32,000 ISK.
If a payment is made to a Future Account or Housing Savings through the Arion app, online banking, or by other means, the matching contribution is paid on the next business day.
If you purchase Stefnir funds through the Arion app, online banking, or by other means, the matching contribution is paid within a month. If multiple funds are purchased, the matching contribution is distributed among the funds in the same proportions as the purchase.
The matching contribution is only processed if all conditions are met. Please note that there is only one matching contribution per confirmation child.
Cash is becoming rare, so it can be convenient to transfer pocket money directly to your child's debit card.
Parents and guardians can apply for a debit card for their children at the age of 9. The card is free, and children don't pay any transaction fees.
Young Saver Account is an inflation-indexed account that is ideal for long-term savings. The account makes a great gift for those who want to lay the foundation for children's and teenagers' futures.
It's easy to open the account in the Arion app, and guardians can set it up with just a few clicks.
To be able to trade funds, guardians need to start by establishing securities trading for the child, which can be done in the Arion app.
You choose the amount that suits you – no minimum and no cost for buying or selling.
Housing Savings is a great option for those who want to plan for the future.
The good thing about the account is that you can use the money for anything, whether it's for a home, driving license, travel, or something completely different.
Guardians can open a Housing Savings account in the Arion app.
We emphasize making it easy for families to manage their finances in a simple and convenient way.
In the Arion app, you not only have a good overview of your finances but also a good overview of your children's finances. Additionally, spouses can grant access to each other's accounts, making household finances even simpler and more convenient.
Going to the bank and opening an account, getting access to online banking, and receiving your first payment card are all significant steps in the lives of children and adolescents.
Part of growing up and becoming an adult is gradually learning to make decisions about money and understanding how finances work. However, this needs to happen in small steps, and it's important to teach children and teenagers about finances just like other major aspects of life.
At first, it might not seem like a big change in life to turn 18. It feels the same to wake up at 17 and at 18, and the day's tasks remain the same. Legally, however, there is a very significant difference between these two days, and countless things change when the clock strikes midnight on the last day of the seventeenth year.
Were you just starting your first job? Congratulations on that! Taking your first step into the workplace is a significant milestone with many things to consider. We've compiled some practical advice that's good to keep in mind.
Additional pension savings is a type of private pension savings. It is a form of savings that allows an employee to allocate up to 4% of their total salary to additional pension savings, with the employer contributing a 2% matching contribution.
Ísabella Jóhannsdóttir er sundgarpur og fermingarbarn sem býr ásamt foreldrum sínum, systrum og hundinum Perlu á Akureyri. Ísabella lítur á það sem allstór tímamót að fermast.