Vaxtareikningur 30 savings account
Higher interest with increasing balance
Vaxtareikningur 30 is a non-indexed savings account where the interest rate rises in increments, depending on the account balance.
The entire balance on the account is locked-in with no fixed final date. Withdrawals may be made 31 days after submitting a withdrawal request, i.e. 30 days must elapse between the date the request is made and the date the funds will be available. When requesting a withdrawal the customer states the account to which the funds are to be paid.
Vaxtareikningur 30 is suitable for persons who can wait 30 days for funds to be available after a request for withdrawal is made.
Vaxtareikingur 30 accounts can be opened at any Landsbankinn branch and requests for withdrawals made by phone to Landsbankinn's Customer Service Centre, tel. 410 4000.
Vaxtareikningur 30 savings account bears interest depending on the account balance:
||Int. paid annually
||0 - 999,999
|1,000,000 - 4,999,999
|5,000,000 - 19,999,999
| 20,000,000 - 59,999,999
Main advantages of Vaxtareikningur 30
- Interest rate increases with increasing balance (see table above).
- No minimum balance.
- No service, redemption or other fees apply.
- Suitable for persons who can determine their intended use of funds with 31 days notice.