Interest on Central Bank of Iceland certificates of deposit
With reference to Article 10, Paragraph 2 of the Act on the Treatment of Króna-Denominated Assets Subject to Special Restrictions, no. 37/2016, annual interest rates on the certificates of deposit specified in the Act are reviewed by the Central Bank on interest payment dates.
The Bank has decided that, from the 2 June 2017 interest payment date, the annual interest rate on the certificates of deposit will be unchanged at 0.5%.
Nominal interest on the certificates of deposit (ISIN: IS0000027068) is paid retroactively once a year. Interest on the certificates of deposit shall be deposited to accounts subject to special restrictions; cf. Article 10, Paragraph 4 of Act no. 37/2016.
6 June 2017