ICY was a vocal trio consisting of Pálmi Gunnarson, Helga Möller and Eiríkur Hauksson

Eiríkur Hauksson

Eiríkur Hauksson is an Icelandic heavy metal vocalist who is educated as a teacher.Eiríkur is considered to be a talented vocalist, able to adopt various styles...

. They were the first Icelandic entrants to the Eurovision Song Contest

Eurovision Song Contest

The Eurovision Song Contest is an annual competition held among active member countries of the European Broadcasting Union .Each member country submits a song to be performed on live television and then casts votes for the other countries' songs to determine the most popular song in the competition...

, appearing at the 1986 final in Bergen

Bergen

Bergen is the second largest city in Norway with a population of as of , . Bergen is the administrative centre of Hordaland county. Greater Bergen or Bergen Metropolitan Area as defined by Statistics Norway, has a population of as of , ....

. Their entry, Gleðibankinn

Gleðibankinn

"Gleðibankinn" was the Icelandic entry in the Eurovision Song Contest 1986, performed in Icelandic by ICY, where singers Eiríkur Hauksson, Helga Möller and Pálmi Gunnarsson joined their efforts...

or The Bank of Fun, placed 16th.

Eiríkur Hauksson went on to represent Norway in 1991

Eurovision Song Contest 1991

The Eurovision Song Contest 1991 was the 36th Eurovision Song Contest and was held on 4 May 1991 in Rome. Due to the Gulf War and mounting tensions in Yugoslavia, RAI decided to move the contest from Sanremo to Rome, which was perceived to be more secure....

 as part of the group Just 4 Fun

Just 4 Fun

Just 4 Fun was a Norwegian band from the early nineties.The members were Marianne Antonsen, Jan Groth, Eiríkur Hauksson and Hanne Krogh. Krogh represented Norway in the Eurovision Song Contest 1971 and reached the 17th position, 14 years later she won in the band Bobbysocks...

 and Iceland again as a solo performer in 2007

Eurovision Song Contest 2007

The Eurovision Song Contest 2007 was the 52nd edition of the Eurovision Song Contest. It was won by first-time appearance as an independent country Serbia and was held at the Hartwall Areena in Helsinki, Finland from 10 May to 12 May. The host broadcaster was YLE.Finland earned the right to host...

. Both Pálmi Gunnarson and Helga Möller made further appearances in the Icelandic national finals (Helga notably in 1992 with two offerings in partnership with Karl Örvarsson) but did not win.