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Growth Long Term Savings Account

A non-indexed notice account with favourable 12-, 18- and 24-month interest rates. Ideal for regular savings. There is a 1.5% fee on all withdrawals made before the end of the fixed investment term.

If this account is part of regular savings plan, you can withdraw the entire amount at the end of the fixed term. The first deposit after withdrawal determines the new fixed term. To set up a regular savings plan in this account, send a request to arionbanki@arionbanki.is or visit your local branch.

Features:

  • Non-indexed deposit account
  • Interest rates are variable - see the Bank's interest rate table
  • You can make an agreement on regular savings and the whole balance will be available for withdrawal in 12, 18 or 24 months 
  • Irregular deposits are tied up as specified by the account’s fixed term, i.e. 12, 18 or 24 months
  • Interest is added to the account at the end of the year and is available after that
  • Ideal way to save for the fun things in life
  • Minimum transfer in regular savings is ISK 500
  • No minimum balance

You choose the fixed term

Investment periodInterest
12 months1,90%
18 months2,10%
24 months2,60%

Open an account

If you have an online bank account with us, you can open a new account there. If not, it’s easy to open an online bank account with electronic ID.