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 ... Their original objective was to provide easily accessible savings products to all strata of the population ...
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“The English language is like a broad river on whose bank a few patient anglers are sitting, while, higher up, the stream is being polluted by a string of refuse-barges tipping out their muck.”
—Cyril Connolly (19031974)