Innlánaði
Innlánaði is an Icelandic term that translates to "deposit account" or "savings account" in English. It refers to a type of bank account where an individual or entity can deposit money for safekeeping and typically to earn interest. These accounts are a fundamental component of personal and business finance, serving as a place to store funds that are not immediately needed for spending.
The primary purpose of an innlánaði is to provide a secure and accessible way to save money.
Innlánaði can come in different forms, such as demand deposits, which allow for easy withdrawal of funds