Iceland Statutory default interest (dráttarvextir)
Iceland Statutory default interest (dráttarvextir) is 15.75 percent, in force since 1 Sep 2026, cited to Headline is Dráttarvextir (default interest), not almennir vextir…. It was 15.5 percent before that. Last checked against the official source on 21 Sep 2026.
Official source: Headline is Dráttarvextir (default interest), not almennir vextir… · Last checked 2026-09-21 · source fingerprint
Iceland's default interest under lög nr. 38/2001: the Central Bank's collateralised-lending base plus a 7-point surcharge, published monthly by Seðlabanki Íslands — 15.50% from 1 July 2026.
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| Current value | 15.75 percent |
|---|---|
| In force from | 2026-09-01 |
| Official source | Headline is Dráttarvextir (default interest), not almennir vextir… — Seðlabanki Íslands, Tilkynning um dráttarvexti og vexti af peningakröfum nr. 08/2026 (20. ágúst 2026): 'Dráttarvextir hækka því að sama skapi og verða 15,75% fyrir tímabilið 1. – 3 |
| Last verified | 2026-09-21 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
Headline is Dráttarvextir (default interest), not almennir vextir. Notice 09/2026 URL exists but rendered no body on 2026-09-21, so September 15.75% remains the current official fixing. Breakdown of the 15.75% (grunnur + 7.00 vanefndaálag) was not printed on the 08/2026 HTML summary; the total is the figure this series stores.
Earlier values
| From | Value | Source |
|---|---|---|
| 2026-07-01 | 15.5 | Lög nr. 38/2001 um vexti og verðtryggingu, 6. gr. og 10… |
Get it programmatically
curl https://euroref.dev/v1/is/statutory-interest
# $0.005 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://euroref.dev/v1/is/statutory-interest/history?from=2020-01-01
# Provenance: curl https://euroref.dev/provenance/is/statutory-interestOther Iceland series: Central Bank of Iceland key interest rate · Virðisaukaskattur (VSK / VAT) standard rate · VAT registration threshold · General statutory minimum wage (none — structural null) · Public holidays (frídagar og helgidagar) · CPI inflation (vísitala neysluverðs, twelve-month change) · Tekjuskattur lögaðila · Withholding tax rates · Tekjuskattur og útsvar einstaklinga · Statutory social-insurance contributions · Central Bank of Iceland reference exchange rates
The same figure elsewhere: Ireland · Italy · Latvia · Lithuania · Luxembourg · all 34