Arion Rewards are for our best people

Your Rewards Account

We are always looking for ways to improve our service so it’s easier for you to do what you enjoy most. It’s really simple – basically, the more you use our services, the more rewards you receive.

Now we are introducing, for the first time in Iceland, the Rewards Account – instant access savings with weekly interest.

If you've already joined Arion Rewards, you can activate the account right away. Otherwise, start by signing up for Arion Rewards and then activate your Rewards Account.

How does it work?

It’s a savings account where your money is always available for withdrawal.

Additionally, it earns weekly interest, meaning you receive interest on your principal every single week.

The interest you earn depends on your level within Arion Rewards and increases in tiers as your balance grows.

Activating the account takes no time at all

To activate the Rewards Account, you first need to sign up for Arion Rewards.

Once you’ve done that, a banner will appear at the top of the Arion app guiding you through a few simple steps.

Then you are ready to start saving.

What do weekly interest rates mean?


Weekly interest

Interest is added to the principal every week. This means you earn interest on both the original amount and the interest added each week. Your savings grow faster than ever.

Monthly Interest

Interest is added to the principal once a month, meaning you earn interest on interest less frequently, which slows long-term returns.

Annual interest

Interest is added to the principal once a year, meaning your savings grow the slowest with this method.

Q&A