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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... 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 ...
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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 oclock arrived just once too often,”
—Kenneth Fearing (19021961)