What does sparisjóður in Icelandic mean?

What is the meaning of the word sparisjóður in Icelandic? The article explains the full meaning, pronunciation along with bilingual examples and instructions on how to use sparisjóður in Icelandic.

The word sparisjóður in Icelandic means savings bank. To learn more, please see the details below.

Meaning of the word sparisjóður

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Icelandic is a Germanic language and the official language of Iceland. It is an Indo-European language, belonging to the North Germanic branch of the Germanic language group. The majority of Icelandic speakers live in Iceland, about 320,000. More than 8,000 native Icelandic speakers live in Denmark. The language is also spoken by about 5,000 people in the United States and by more than 1,400 people in Canada. Although 97% of Iceland's population considers Icelandic as their mother tongue, the number of speakers is declining in communities outside Iceland, especially Canada.