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.

Read more about Savings Bank.

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 ... Their original 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:

    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 (1903–1974)