diff --git a/accounts/hd.go b/accounts/hd.go
index 7727d1a851..e4fb0543de 100644
--- a/accounts/hd.go
+++ b/accounts/hd.go
@@ -150,3 +150,31 @@ func (path *DerivationPath) UnmarshalJSON(b []byte) error {
 	*path, err = ParseDerivationPath(dp)
 	return err
 }
+
+// DefaultIterator creates a BIP-32 path iterator, which progresses by increasing the last component:
+// i.e. m/44'/60'/0'/0/0, m/44'/60'/0'/0/1, m/44'/60'/0'/0/2, ... m/44'/60'/0'/0/N.
+func DefaultIterator(base DerivationPath) func() DerivationPath {
+	path := make(DerivationPath, len(base))
+	copy(path[:], base[:])
+	// Set it back by one, so the first call gives the first result
+	path[len(path)-1]--
+	return func() DerivationPath {
+		path[len(path)-1]++
+		return path
+	}
+}
+
+// LedgerLiveIterator creates a bip44 path iterator for Ledger Live.
+// Ledger Live increments the third component rather than the fifth component
+// i.e. m/44'/60'/0'/0/0, m/44'/60'/1'/0/0, m/44'/60'/2'/0/0, ... m/44'/60'/N'/0/0.
+func LedgerLiveIterator(base DerivationPath) func() DerivationPath {
+	path := make(DerivationPath, len(base))
+	copy(path[:], base[:])
+	// Set it back by one, so the first call gives the first result
+	path[2]--
+	return func() DerivationPath {
+		// ledgerLivePathIterator iterates on the third component
+		path[2]++
+		return path
+	}
+}
diff --git a/accounts/hd_test.go b/accounts/hd_test.go
index 3156a487ee..0743bbe666 100644
--- a/accounts/hd_test.go
+++ b/accounts/hd_test.go
@@ -17,6 +17,7 @@
 package accounts
 
 import (
+	"fmt"
 	"reflect"
 	"testing"
 )
@@ -77,3 +78,41 @@ func TestHDPathParsing(t *testing.T) {
 		}
 	}
 }
+
+func testDerive(t *testing.T, next func() DerivationPath, expected []string) {
+	t.Helper()
+	for i, want := range expected {
+		if have := next(); fmt.Sprintf("%v", have) != want {
+			t.Errorf("step %d, have %v, want %v", i, have, want)
+		}
+	}
+}
+
+func TestHdPathIteration(t *testing.T) {
+	testDerive(t, DefaultIterator(DefaultBaseDerivationPath),
+		[]string{
+			"m/44'/60'/0'/0/0", "m/44'/60'/0'/0/1",
+			"m/44'/60'/0'/0/2", "m/44'/60'/0'/0/3",
+			"m/44'/60'/0'/0/4", "m/44'/60'/0'/0/5",
+			"m/44'/60'/0'/0/6", "m/44'/60'/0'/0/7",
+			"m/44'/60'/0'/0/8", "m/44'/60'/0'/0/9",
+		})
+
+	testDerive(t, DefaultIterator(LegacyLedgerBaseDerivationPath),
+		[]string{
+			"m/44'/60'/0'/0", "m/44'/60'/0'/1",
+			"m/44'/60'/0'/2", "m/44'/60'/0'/3",
+			"m/44'/60'/0'/4", "m/44'/60'/0'/5",
+			"m/44'/60'/0'/6", "m/44'/60'/0'/7",
+			"m/44'/60'/0'/8", "m/44'/60'/0'/9",
+		})
+
+	testDerive(t, LedgerLiveIterator(DefaultBaseDerivationPath),
+		[]string{
+			"m/44'/60'/0'/0/0", "m/44'/60'/1'/0/0",
+			"m/44'/60'/2'/0/0", "m/44'/60'/3'/0/0",
+			"m/44'/60'/4'/0/0", "m/44'/60'/5'/0/0",
+			"m/44'/60'/6'/0/0", "m/44'/60'/7'/0/0",
+			"m/44'/60'/8'/0/0", "m/44'/60'/9'/0/0",
+		})
+}