Savings

Savings Accounts

Better interest

S24 offers excellent deposit interest for individuals in non-indexed unrestricted savings accounts. It is easy, convenient and free to start saving at S24.

Your advantage
  • Excellent deposit interest
  • No charges
  • No minimum deposit period
  • No minimum amount
  • No withdrawal limit
  • Interest is calculated daily
  • Secure savings
  • You can check the status of the account 24 hours a day

Young Person Savings Account

Better interest

A Young Person Savings Account is an excellent gift for your children, grandchildren, friends and relatives. Lay a good foundation for the future of the younger generation with savings at S24. You can set up an account, get an account number sent by e-mail and put money in the account using the internetbank or at your nearest bank branch. Only a parent or legal guardian can be registered as an additional name on the account.

Supplemental retirement savings

Pensions
  • Index-linked Return on Investment 2.75% from the contract period
  • Low charges
  • Over 7% average growth for more than 30 years
  • Savings at one of the largest insurance companies in the world

Now S24 customers can take advantage of a free consultancy service from Allianz, who will explain the benefits of supplemental retirement savings free of charge

Anything is possible with Allianz supplemental retirement savings. Allianz offers the safest growth available here in Iceland and works on a solid foundation based on over 100 years of experience.

Your advantage

Pension savings are an especially good savings option due to employer matching funds that are given as contributions to wage earners. Wage earners and independent employers can pay up 4% of their total wages as supplemental contributions into a personal pension fund.

S24 pension savings plan

Financial security on retirement is important to all of us. The S24 pension savings plan is an indexed savings plan that is suitable for those who choose secure savings and wish to minimise risk to deposits. The S24 pension savings plan carries the highest possible interest rates and should therefore provide good returns in the long term.

Your advantage
  • Higher interest
  • Secure
  • Matching contribution from
  • No initial fee
  • Deferral of income tax
  • Capital gains tax-, net worth tax- and inheritance tax-free
  • The savings are inherited in the event of the demise of the owner of the pension plan
  • Flexible retirement
  • Interest and child benefits are not curtailed
  • The savings may be paid out in the event of disability

Over time, assets in supplementary pension savings can become substantial. For this reason, it is important to start early. The sooner one starts saving, the greater the opportunity of getting good returns. Lay a solid foundation for your future financial security.

Interest, list of charges and currency calculator

Interest

Interest selected
Deposit Interest  
Debit card 3,70% - 5,00%
Savings account 3,70% - 5,85%
Credit Interest  
Debit card 11,60%
Gold LoC card 13,10%
Charge card 13,10%
Short-term loan 13,20%
Offer loan 11,05%
Instalment contract 11,60%
Longterm loan
Cert. of Dep. 0-30% 10,20%
Cert. of Dep. 31-60% 10,55%
Cert. of Dep. 61% and higher 11,55%
More

List of charges

List of charges selected

Debit card annual fee 450 kr.
Annual fee - Credit/LoC card 5.000 kr.
Annual fee - Gold- Credit/LoC card 8.000 kr.
Annual fee - Netcard 1.000 kr.
Annual fee - Internetbank 0 kr.
Transaction fee on the internetbank 0 kr.
Debit card transactions (POS) 13 kr.
Loan fee 1,50%
ATMs outside of Iceland - Maximum withdrawal
Creditcard - 4 times per month 30.000 kr.
Gold creditcard - 4 times per month 60.000 kr.
More

Currency

Currency selected
Country Change  Buy  Sell 
-1,09%  180,455  181,915 
-0,98%  20,203  20,368 
-1,03%  19,0655  19,2215 
-1,17%  16,129  16,262 
-1,96%  115,21  115,585 
-1,72%  1,38515  1,39355 
-0,37%  112,205  113,055 
-0,99%  150,41  151,59