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Arion Bank

Borgartúni 19, 105 Reykjavík

SSN: 581008 - 0150

Swift: ESJAISRE

LEI: RIL4VBPDB0M7Z3KXSF19

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  1. Individuals
  2. ▸
  3. Rewards
  4. ▸
  5. Reward Account

Our high­est in­ter­est rates paid week­ly

Fasten your seatbelt and watch your savings take flight!

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Arion Rewards are for our best people

Your Rewards Account

This is a savings account where your money is always available for use. Interest rates are based on your tier in Arion benefits and increase in steps as your balance grows.

We pay you interest on the principal amount of your account every single week – not just once a year. This means you receive interest on both the original amount and on the interest that accumulates each week.

Your savings therefore grow faster than ever before!

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It takes no time to ac­ti­vate the ac­count

To activate the Benefits Account, you need to have registered for Arion benefits. You should then see a banner at the top of the Arion app that guides you through a few simple steps.

If you are a new customer, you start by registering for Arion benefits. Next, you need to make sure that you meet certain conditions so you can activate the account.

Arion rewards
Fríðindareikningur
Friðindareikningur - vikulegir vextir

Why get in­ter­est paid every week?

Weekly interest is added to the principal every week. This means you receive interest on both the original amount and the interest that accumulates each week. Your savings, therefore, grow faster than ever before.

Monthly interest is added to the principal once a month, which means you receive compound interest less frequently, slowing down the returns over the long term.

Annual interest is added to the principal once a year, which means your savings grow at the slowest rate.

In­ter­est on Re­wards ac­count

FAQ

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