What is savings bank?

  • (noun): A thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks.
    See also — Additional definitions below

Savings Bank

A savings bank is a financial institution whose primary purpose is accepting savings deposits. It may also perform some other functions.

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Some articles on savings bank:

Savings Bank
... A savings bank is a financial institution whose primary purpose is accepting savings deposits ... In Europe, savings banks originated in the 19th or sometimes even the 18th century ... objective was to provide easily accessible savings products to all strata of the population ...

More definitions of "savings bank":

  • (noun): A container (usually with a slot in the top) for keeping money at home.
    Synonyms: coin bank, money box, bank

Famous quotes containing the word bank:

    Denouement to denouement, he took a personal pride in the
    certain, certain way he lived his own, private life,
    but nevertheless, they shut off his gas; nevertheless,
    the bank foreclosed; nevertheless, the landlord called;
    nevertheless, the radio broke,

    And twelve o’clock arrived just once too often,
    Kenneth Fearing (1902–1961)